How Business Cash Advance Works
Merchant cash advances (MCAs) have recently become more popular among businesses in pursuit of alternate funding. Certain business sectors have been making use of them for quite some time now, and more companies are getting on board. Why is now the time for merchant cash advances? This is due in part to the growing struggle of getting traditional funding. By choosing a merchant cash advance, many of these companies also get special benefits. If you’re still on the fence, how about:
- No credit roadblocks
- Qualification based off of your current success
- Getting funds 72 hours after your application
- No limits on how you spend your money
- A simple repayment process
All these and more are reasons why merchant cash advances may be the best fit for your business.
What Do You Need?
First, let’s take a moment to examine what many of the lenders out focus on when they consider applications for funding. In particular, let’s narrow it down to small businesses. First are your credit history and collateral. Practically every traditional lender will be looking for a strong credit history, and without one, getting funds is hard. Chances are, these aren’t even the only criteria in place. Some things that you may also need are having been in business for a certain period of time or having a detailed business plan.
This can equal trouble for a lot of small businesses. For example, your potential and even current success generally get ignored by lenders. It can get more and more difficult to find funding as the lists of requirements grow. Some alternatives out there run the risk of you incurring heavy debt. Is this a roadblock for you? A merchant cash advance from eBusiness Funding will make a great choice. We consider your future income and present potential, offering merchant cash advances based on this cash flow.
At eBusiness Funding, our specialty is servicing the business community. If banks or other lenders have rejected you in the past, we are the company for you. Our philosophy is keeping things simple and streamlined when providing said funds. To put this into practice, we help you secure working capital without long waits or a large paper trail.
What Do You Gain From A Merchant Cash Advance?
Let’s get into the actual mechanics of this process. When we give you a merchant cash advance, we buy a part of the gross revenue from your business’s receivables. Our qualified consultants help you work out how many funds you can get, based on the potential of your financials. This means you get you the capital you need quickly and hassle-free. Not only do you get cash deposited right into your bank account, but your rates will fit the state your company is in.
Also, there are no restrictions on how you use your funds. Whether you want to supplement your cash flow or bring on more staff, know that you can take on these challenges with our support. Companies that meet our minimum requirements have a 95% chance of getting funding.
Along with efficient funding, eBusiness Funding’s service doesn’t stop there. We want to make sure things are still easy after you get your money. To do this, we offer non-compounding advances and penalty-free prepayments. When we work out how much money your business is eligible for, we also establish a repayment amount for you. This amount is a percentage rather than a flat number. Don’t worry about huge monthly payments hurting your business. We try to set up everything as simply as possible.
At eBusiness Funding, we also work to provide the utmost level of privacy for our clients. Don’t worry about having your information sold or used to solicit undesired services or products. If you’re ready to take your business to another level, sign up with eBusiness Funding today. Just fill out the simple form on this page to get started.
Get Business Cash Here!
Andy L.“I was tired of waiting on my bank… eBusiness was able to provide me the real cash I needed without the wait. Thanks!”