What Is a Merchant Cash Advance?
A lump sum of capital you repay using a portion of your daily credit card transactions.
Merchant Cash Advances can be used for most business uses. Re-payment of the loan is in the ebb-n-flow of your business. So, when business is slow, you pay back less on your loan. When business is good, you pay back more!
- No requirement for excellent credit
- No need for collateral
- Fast availability of funds
- Little to no paperwork
- Simple payback terms
- No additional fees, such as application fees and closing costs
- No fixed payments
- No loss of equity
- Free to spend money as you choose
Find Funding For Your Business With a Merchant Cash Advance
As a small business, you might find it difficult to find funding, especially when your business heavily relies on the ebbs and flows of the economy. At Caedmon Commercial Capital, we strive to help small businesses grow, which is why we work with lenders who offer qualified businesses a merchant cash advance.
How Does It Work?
A merchant cash advance provides you with funds using an advance on your merchant account. This is based on your future credit card sales. After successfully applying for this loan, the funds arrive within seven days. Generally, you pay the loan back by sharing part of your daily revenues.
If your business takes credit cards, including Visa, MasterCard, Discover or American Express, then you could apply for an advance on your merchant account for amounts up to $200,000. Contact us today to learn more and see if it is the right financing solution for your business.