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Merchant Cash Advance
Merchant Cash Advance
It is crucial to have the required financial backing when operating a firm in order to meet its needs. A merchant cash advance is one lending option that has gained popularity recently. For companies that regularly process credit or debit card payments, a merchant cash advance is a suitable financing choice.
It is important to comprehend the terms and circumstances of each choice before selecting a merchant cash advance or any lending service. Service Capital offers comprehensive and rapid progrms to businesses looking for variable repayment structures.
Example: Bob takes $30,000.00 and he is required to pay 10% of his credit sales volume until the loan + interest is paid.
Features & Benefits of a Merchant Cash Advance
- Merchant Cash Advance: In exchange for a percentage of their future credit or debit card purchases, businesses can get a lump sum of cash through a merchant cash advance. Until the advance is fully repaid, usually within 6 to 12 months, it is deducted daily or weekly from the business’s credit or debit card sales.
- Quick and Easy Application Process: Have funds in your account in as little as 24 hours
- All costs are 100% tax deductible- Most of our clientele recieve rebates from the CRA after taking on a Merchant Cash Advance
- 90% approval rate – Our application process approves most applicants
- Low credit? No problem! – Don’t let a low credit score stop you from achieving your goals!
- Variable Repayment Terms: Business can be unpredictable, when times are slow, your payments decrease.
- Merchant Cash Advance Requirements: Your company must fulfil certain standards in order to be eligible for a merchant cash advance. Your company must first consistently accept credit or debit cards for payment. Second, your company needs to have been in operation for at least six to twelve months. Third, your company must generate between $5,000 and $10,000 in credit or debit card sales each month. Last but not least, your company must be free of any unpaid obligations or judgements.
If you require any of the above-mentioned services, make Service Capital your first choice right now to enjoy the advantages of our high-calibre offerings. Our hassle-free services are offered to corporate clients so you won’t have to worry more