Your company can use the Merchant Cash Advance (MCA) product to get cash up advance for any needs or expenses related to your business. One of the MCA program's numerous advantages is that it is a renewable source of capital with no limitations on how the money can be utilized and isn't linked to personal credit. Sometimes a business owner may say, "That sounds expensive," or "That isn't for me," as soon as they hear about a cash advance. Don't be misled by the name "Merchant Cash Advance." In actuality, compared to many of the line of credit programs available today, the MCA program is among the most flexible and frequently less expensive options available.
The alternative offering, the Merchant Cash Advance program, is created with your company's cash flow in mind. In contrast to a conventional business loan, which often considers both personal and business credit, the MCA program is determined by your company's revenue. The MCA program is most appropriate for customers who want to fund a particular project or requirement that would increase income for their company. Typical examples of how clients use the MCA product include inventory purchases, renovations, hiring more personnel, buying new equipment, increasing marketing budgets, and providing bridge money. Funding levels can vary based on the business's criteria and might range from $5,000 to $1,000,000. Why wait to find out how much you qualify for when there are zero obligations? Get in touch with one of our finance advisors right now to find out how we can assist you.