Merchant Cash Advance Key Points

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Below are some key points about the merchant cash advance that can help you decide whether it’s a good option for your business, especially in comparison to other traditional business funding methods.

Unsecured

There is no collateral required to receive a merchant cash advance.

Renewable

When you receive your merchant cash advance, you can renew your account once you’ve reached 60% repayment, which is about every three to four months.  Renewals can be funded in as little as 24 hours.

Minimal Requirements

The requirements for receiving a merchant cash advance are as follows:

• Merchant must have owned business for at least six months
• Business must process at least $3,500 in monthly credit card sales
• Business must have at least one year remaining on lease
• Owner may not have unresolved bankruptcies

Unrestricted

Merchants can use their funds however they choose.  For example:

• Inventory
• Equipment
• Renovation
• Expansion
• Working Capital
• Advertising

Get a free online quote today to get started with your merchant cash advance.