Hotel Merchant Cash Advance

We provide business owners all over the USA with merchant cash advances. Our goal is to give you the BEST rates possible. Not only do we give you our rate, we'll give you the best rate from our competitors as well - so you know you're getting the best merchant cash advance rates. We empower business owners, and take risks on go-getters. At Delancey Street, we invest in people - and their potential. We look at your business, and look past the bank statements and cash flow situation you have - we look at your passion, and your potential.

Hotel Merchant Cash Advance

With a merchant cash advance, you get the cash your business needs when you need it. This style of funding is not a loan. It is given based on your credit card sales, so bad credit is not a problem. Once you apply for a merchant cash advance, you can have the money in your account within 24 to 48 hours.

What Is a Hotel Merchant Cash Advance?

When you are given a merchant cash advance, it is based on your credit card sales. The lender looks at your last two to six months of sales. After getting an average of your sales, you are approved for 50 to 250 percent of your monthly credit card transactions. The entire process takes a couple of hours for approval and just 24 to 48 hours to get the actual cash.

This option works well if you have bad credit or do not want to put up collateral. It is popular among business owners who need cash to cover a sudden drop in revenue or an unexpected cost. Depending on your sales record, you can get anywhere from $2,500 to $2 million within less than two days.

The Advantages

Like any funding option, there are advantages and disadvantages to getting a merchant cash advance. The factor rate and holdback rate will determine whether this is the right option for you. While the holdback rate is the percentage of sales that you pay back, the factor rate is the overall amount that you pay. Both of these figures are important to consider before you accept a merchant cash advance.

Fast cash on your schedule: When you need cash to cover your expenses, you cannot afford to wait for weeks for a bank to approve a term loan. With a merchant cash advance, you get cash in under two days. The entire approval process is online, so you can quickly apply and get approved for an advance.

No longer worry about bad credit: The advance is based on your sales and not your credit. If you have poor credit, you can still get approved. The lender primarily cares about the strength of your sales, so bad credit is not a problem.

No collateral: When your business needs cash to cover a shortfall, the last thing you want to do is risk your assets as collateral. With a merchant cash advance, you never have to put up collateral. The advance is based entirely off of your sales, so no collateral is necessary.

Applications are easy: With this version of funding, you do not have to go out of your way to gather documents, go to the bank and apply for a loan. Instead, you can turn in all of your paperwork online. You can sit at home while you fill out the application. Once you are done with the application, you find out if you were approved in the same day.

Payments are adjusted to your income: Since you pay a percentage of sales instead of a fixed payment, your repayments are flexible. When your income goes up, you repay more of the advance without a problem. If your income suddenly drops, the actual amount that you repay goes down. A merchant cash advance uses a holdback rate of only 5 to 20 percent, so you only have to repay this set percentage of your company’s credit card sales.

High advances are available: When you get a merchant cash advance, you can choose how much you get. At the upper limit, you can receive an advance for up to $2 million. If you only need $2,500 to cover overdue bills, you can ask for less as well.

Before you accept your advance, make sure to do the math. By looking at the factor rate and holdback rate, you can figure out if this is a financially sound option for your company. Once you are approved, you can get the cash you need in just 24 to 48 hours.

Summary
User Rating
5 based on 1 votes
Service Type
Hotel Merchant Cash Advance
Area
usa
Description
Delancey Street provides Hotel Merchant Cash Advances.

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