Are you looking for a business loan that is faster than a traditional bank loan? Merchant cash advances are a popular alternative to bank loans because you don’t need collateral, can have a low credit score, and receive the funds the same day. Here’s more about Merchant Cash Advance Loan Same Day Funding.
What is Merchant Cash Advance Loan Same Day Funding
Merchant cash advances are a major contributor to the $33 billion dollar alternative lending space because big banks are lending a lot less to American small business owners.
Merchant cash advances are not considered a loan but an advance on your future credit card receipts. However, merchant cash advances have changed more into a business cash advance where the advanced amount is based on the general revenue of your business, rather than future credit card transactions.
Merchant Cash Advance Loan Same Day Funding allows you to receive funds the same day if you have all your bank statements in order and apply early enough in the morning Monday thru Friday. If everything looks good, and you don’t have any serious issues like liens, too many outstanding loans, or any felonies on your record, you can get up to $25,000 the same day!
How Same Day Merchant Cash Advance Loans Work
Merchant cash advances are straightforward and have simple requirements. If you have been in business for 6 months, have a credit score of 450 or higher, and generate $5,000 a month in business revenue – then you are on the way to getting fast cash for your business.
Unlike bank loans, where you need to have great credit, and put up collateral, then wait weeks or months for the money, merchant cash advances work for the not-so-perfect rest of small business owners in America.
Over ten million businesses shut their doors in 2020. Many won’t come back, if the smoke ever clears. It’s the greatest tragedy we have seen in the commerce of the USA. We take every closure personally because we own and work our businesses everyday – not to mention competition and corporations are changing the landscape forever.
However, we can help the underdogs today – and the best working capital for your business is a merchant cash advance same day loan. You are able to use the money for whatever you need – from paying off old bills to expanding your business or creating hiring bonuses to bring on more staff.
We have seen business owners use the money in creative ways that keeps their doors open and their confidence high, because they know that they can borrow again if times get tough.
Why Apply for Merchant Cash Advance Loan Same Day Funding
Fast merchant cash advances can keep your business in business without a lot of hassle or red tape. It takes only a few minutes to apply. If you pre-qualify, you will see the terms and payoff amount. If the terms look good to you you can click the “accept” button and proceed.
Next step of the application is where you connect your business checking account. Merchant cash advances are paid back daily or weekly through ACH – so you don’t need to worry about making manual payments or mailing in a payment.
Once your business account is connected to the dashboard, this triggers a “contract requested” to our lender. They look over your account and if your bank statements are accurate and true, then they will send you a contract to sign. Be sure and look for a text message from them and check your spam folder as well for your offer. If you like the offer, sign the contract and shoot it back.
From there, there is a final underwriting process to look at your business health more closely. At this stage, your chances of being approved are 80%. Then, if approved, the money is deposited into your business bank account and you are set! You’ll also get your own dedicated account manager and can draw funds again after 5 months. I wish you the best of luck. Please apply through the link below and God bless!
Erik C. Johnson