Using a Merchant Cash Advance to Grow Your Business
Are you a small business owner looking for a way to improve your business? It is incredibly common in the modern world of business to rely on financing for just this. It can be a reliable and safe option to acquire working capital quickly. Few types of financing are safer than the merchant cash advance. This is especially beneficial for small business owners who need capital quickly and do not want to risk accumulating debt. The benefits include:
- A shorter approval time
- No closing costs
- Less paperwork
- Simpler qualification requirements
- No required collateral
- No fees upfront
At Interim Capital Lending Solutions, we want to do everything we can to get you the working capital you need to thrive. Learn more about how a merchant cash advance works and how we can help you apply for one.
How a Cash Advance Works
The biggest difference between a cash advance and traditional loans is the way they are repaid. Instead of making monthly payments, a small percentage of your credit card sales are taken. This means seasonal companies or businesses with inconsistent income benefit from having the amount repaid reduced during slower months. If you think your business would benefit from a cash advance, contact and work with our financial team to figure out what your best options are.