Do you own a plumbing business and need quick working capital? Are you looking for fast money to repair, replace, or expand your plumbing business?
We offer same day advances up to $25,000. You don’t need any collateral, and only a 450 credit score is needed. Here’s the best plumbing merchant cash advance same day funding option for you!
The plumbing industry is big business, with over 417,000 plumbers generating $125 Billion dollars a year in U.S. revenue and is expected to grow 4% every year for the next 8 years. If you need same day capital we can help.
What is a Plumbing Merchant Cash Advance
A plumbing merchant cash advance same day funding is a business advance, not a loan. MCAs are a great alternative to big banks right now because big banks are not really lending to small businesses after the pandemic.
A MCA is usually a one year term or less business advance that is based off of your monthly revenue. The minimum revenue requirement is $5,000 per month for the last 3 months, which is way more relaxed than big banks who want you to make $20k to $40k per month for the last two years.
The way MCA’s are paid back is through ACH on a weekly or daily basis through your business checking account, so you need an EIN number and a business checking account.
Merchant Cash Advances are one of the biggest segments in the alternative financing industry, generating over $5 to $10 Billion in revenue each year, helping over 700 industries, many which banks won’t touch.
Using a MCA for Your Plumbing Business
There are no restrictions on what you can use your business cash advance for. Many businesses will first pay off any previous debts first, and some will bring in a forensic accountant to do a complete audit of the books. Some business owners will need their advance to update their accounting software or upgrade their accountant.
One of my favorite TV shows (which I don’t watch a lot of) is called the Profit. It’s on CNBC and features a successful business man who goes into struggling businesses and cleans them up for a portion of their business. It’s a very informative show because most businesses have the same problems and you can see if those problems apply to your business.
What’s great about a plumbing merchant cash advance is you get the money to take care of pressing business emergencies in less than 8 hours, if you apply and meet all the requirements, and have all the required statements uploaded.
Working with Us for Plumbing Merchant Cash Advance Same Day Funding
Our terms and requirements are straightforward: you need to be in business for at least 6 months, have a credit of 450 or more, and generate $5k per month the last 3 months. You shouldn’t have too many negative days in the bank (NSF’s) or any other outstanding loans – if you do you can still get an advance from us, it just might be less than what you’re asking for.
The faster you pay off the business advance, the better the rate you get. Terms are: one year or less, and a factor rate of 1.19 to 1.49. That means you will pay back 1.19 times the advance amount if you pay it off within 30 days, 1.29 times the advance amount if paid off in 60 days, etc.
It takes 5 minutes to apply to see if you’re approved. It won’t hurt your credit score to check HERE.
I wish you all the success in the world. You will also get your own dedicated account manager and can draw on funds over again when you pay the first advance down, usually within 5 months you can get additional funding. Thanks for reading! God bless!
APPLY for Same Day Merchant Cash Advance
Erik C. Johnson
Independent DAC Agent