Merchant Cash Advance Car Dealer

Car Dealer Merchant Cash Advance Company

When you need cash quickly, your business cannot afford to wait. Whether you have a new opportunity or a sudden drop in cash flow, your business needs money to function well. With a merchant cash advance, you can get the funds you need to keep your company going.
How It Works
A merchant cash advance is basically a way to get your future sales in the present. It is awarded according to your credit card sales for the last two to six months. Once the lender looks at your average sales, they give you 50 to 250 percent of your monthly average. Afterward, you immediately begin repaying the advance through your ongoing credit card sales.
The Benefits of Getting a Merchant Cash Advance
With a merchant cash advance, the amount you repay is based on a holdback rate. This is rate is between 5 and 20 percent of your credit card sales. With the right funding option, you can set your business up for success.
Fast funding: When you apply for a traditional loan, it can take days or weeks to gather all of your documents, shop for the right loan and get approved. A merchant cash advance can be in your bank account within as little as 24 hours. The entire approval process takes only a couple of hours to complete. If you are struggling to meet a sudden money problem, a merchant cash advance gives you the fast relief you need.
Simple applications: Applying for a loan takes time and effort. When you get a merchant cash advance instead, you only spend a few minutes turning in all of the documents. You can do the whole process online without ever leaving your home.
Credit is not an issue: Normally, a bank only gives loans to businesses that have been in operation for years. They want companies and entrepreneurs with a strong credit score. If you have a bad credit score, you can still qualify for a merchant cash advance. This kind of funding option is awarded according to your sales history, so poor credit is not an issue.
Flexible plans: No one can see the future. It is impossible to know if your sales will double next month or drop off entirely. If you are getting a bank loan, unsteady sales can be a problem because you still have to repay a fixed amount. With a merchant cash advance, you only pay back a percentage of your sales. This means that your total repayment each month is based entirely on how well your business performs. If sales drop, you do not have to pay the same high amount.
High limits: While this kind of funding option might be easier to get than a loan, you can still get a large amount of funding when you need it. At the upper limit, the advance can total as much as $2 million. If you only need a few thousand to cover payroll costs, then you can apply for a lower amount. Whether you want a high or low advance, this funding style can help.
Collateral is not an issue: Even if your company has a lot of assets to use as a collateral, you might not want to risk losing them by getting a loan. A typical bank wants collateral so that they can recover their costs if you default on the loan. With a merchant cash advance, you are getting your future sales early. No collateral is necessary.
While a merchant cash advance might not be the right option for everyone, it is a useful funding tool for businesses. If you are short on cash, you can have money in your account within two days. From flexible repayment options to collateral-free funding, a merchant cash advance is a great option for entrepreneurs.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$125,000 Small Business Loan
"Thanks for funding me in literally 24 hours"
Jason
$35,000 Lawsuit Advance
"Great choice for first time fix and flippers"
Mary
$250,000 Hard money Loan

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
WHAT ARE Asset-Based Loans?

What is an asset based loan? An asset-based business line…

101 Things you need to know before you apply for an SBA loan

101 Things you need to know before you apply for…

ESOP

ESOP – employee stock ownership plan, is a qualified employee…

Financing Small Businesses: How It Helps The Entire Community

Small business financing is a great thing, but many people…

Here’s Every Document You’ll Need to take a Small Business Loan

Documentation and paperwork is the single largest obstacle to most…

Delancey Street understands funding like no one else!
Steven Norris
Get Funding Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Apply Now