Are you a small business owner in dire need of instant cash flow or capital? Well, a Merchant Cash Advance (MCA) is the best bet to get you financed in a matter of hours without the lengthy paperwork. A Merchant Cash Advance provides alternative financing to a traditional small-business loan. Unlike bank financing, merchant cash advances are not considered loans and thus do not charge high-interest rates over long periods. An MCA provider like ByzFunder provides an upfront sum of cash for a short period of up to 18-months to repay.
Historically, a merchant cash advance has been for businesses whose revenue comes primarily from credit and debit card sales, such as restaurants or retail shops. Now, merchant cash advances are available to all industries, including those that don’t rely heavily on credit card or debit card sales.
The most common option and the only option we deal with is the second one, allowing us to market to businesses that aren’t primarily tied to credit and debit card sales. What’s more, instead of making one fixed payment each month from a bank account over a set repayment period, an MCA allows you the option to make daily, weekly, or monthly payments until the advance is fully paid.
Your business credit rating and capability determine Merchant Cash Advance fees to repay the funding. Based on the risk assessment, MCA providers determine a factor rate based on the risk assessment, mostly ranging from 1.2 to 1.5. The higher the factor rate, the higher the fees you pay.
There are many pros that outway any cons you may have been googling, but below are the ones that should help you decide to get an MCA today;
We offer funding opportunities from $5,000.00 – $250,000.00 in as little as 24- hours, with repayment periods stretching to 18 months and repayments made daily, weekly, or monthly. The MCAs are best used for business expansion, equipment purchases, hiring more employees, and more. Our minimum funding requirements make it easy for you to get funded today as a small business owner!