Get the Funding You Need With a Merchant Cash Advance
When your business is facing short-term challenges and opportunities, you need to be able to access the resources that will give you a sufficient financial reach to achieve the best outcome for your company. Unfortunately, a lot of these opportunities are short-term prospects, and traditional business loans simply take too long to approve, so they are not useful in these situations. If you have a consumer-oriented business with strong credit receipts, though, you have an option—you can take out a merchant cash advance for up to $200,000.
Applying for an MCA
When you apply for merchant account advances, our associates review your average monthly volume of credit receipts and calculate the amount that can reasonably be expected to be paid back. Then, after you get your advance, the repayment is simply a percentage of your credit receipts until the balance is covered. That means you pay off the advance more quickly when business picks up.
Benefits of MCAs
- No closing costs or application fees
- Easy repayment
- Fast and flexible
- Reusable—finance a new advance as needed after repayment
If you are interested in learning more about your options for a merchant cash advance, contact a AAA Commercial Finance Group associate today.