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.

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