Funding Questions
There are many questions a business may ask when they are looking to secure business loans through a merchant cash advance.
The most popular, of course, is how much a business can receive in cash.
The amount depends on many factors, one being how much in credit card sales your company does. To determine this, most lending companies will want to see a certain amount of credit card processing statements, such as 4 months back.
This will be the biggest determination of what a company qualifies for. A merchant cash advance can be anywhere from $5, 000 to $250,000 or more.
The money will then be paid back by the lending company taking a percentage daily from the company's credit card sales, without setting a fixed payment or a time period. This allows a business to pay the loan off gradually and easily.
We can get you your cash quickly after approval, usually within 72 hours, making this type of loan a quick solution to many money problems. The cash is typically deposited into the checking account you choose, although a business account is recommended.
Merchant cash advance loans are not loans from a bank. They are relatively easy to get, and simple to pay back. The process to get one started is a very simple one, as well.
