Merchant Cash Advance: A saving grace!

Current US financial market conditions leave banks hard-pressed to make provisions for loans, resultant which 98% of the total population that has applied for loans find themselves hard pressed for money, time and luck! In this situation merchant cash advance, also termed as business cash advance present a lucrative opportunity to obtain quick working capital to meet your business needs. That is the reason we consider these a great alternative for revenue against traditional business loans. Let us peek-a-boo at the advantages that the merchant cash advance have over traditional bank loans.

The application process

All it takes is a two days funding procedure to apply for a business cash advance  compared to a fortnight long verification checks that  a traditional loan set up asks for! Furthermore, banks involve the applicants in a grueling course of action, with endless questions and stipulations and a significant processing fee.

Mode of Repayment

There are also various clauses attached here, there is a specific time period involved, a specific amount that must be rolled out in the favor of bank each month. Plus, there is a significant amount of fine that you’ve to pay on missing any of the payments in the tenure, else penalties would surface.A merchant cash advance is returned as a percentage of one's income and thus would be less the month or quarter your income falls, consequently, there is no likelihood of penalties or harm.

Credit History

It is herculean to dream of a traditional bank loan without a sound credit ranking. An approval without a minimum ranking of 650 points on 100 is almost impossible. Thus all those small, young and budding entrepreneurs will seek to procure business cash advance instead of a bank loan.

Statement of Utilization

This does not end the ordeal, banks ask for documentation, an evidence of sorts with regards to the purpose of utilizing funds. You could use the fund you procure with a merchant cash advance as you desire.

Deposits

If the amount you’ve asked for supersedes what you should, in banks estimate, then you would be asked to deposit security collaterals. Like a statement of real estate, valuable equipment bonds, stocks etc. Since merchant business cash advances are unsecure, no collateral is necessary for small business owner applicants.

Also to qualify for a traditional funding is a task in itself, given the time it eats. People often ask for traditional funding to cope with immediate business requirements, they want capital for renovation, expansion and advertisements etc. With merchant cash advance by fundfactor.com you could easily procure up to $250,000 of working capital within 72 hours. It is an excellent choice indeed.

For More Info visit us at : www.FundFactor.com