Before Your Get a Merchant Cash Advance

The merchant cash advance is designed for small business owners who have already opened their doors, as one of the requirements is that the merchant’s business has been opened for at least six months and is processing at least $3,500 in credit card sales each month.  Still there are many entrepreneurs who have yet to open their doors and are currently searching for the funds they need to get their businesses up and running.

Finding startup funds can be difficult, but it is not impossible.  In fact, Forbes provides readers with 10 top startup funding sources, which include old favorites like going to friends and family and more innovative methods like using startup incubators. Click here for the complete list.

Once you’ve got your startup costs covered, opened your doors and you’ve been accepting credit card for six months, then you can apply for a merchant cash advance and get up to $500,000 in business funds for expansion, working capital or whatever else you may need for your business.