Get Fast, Flexible Funding With a Merchant Cash Advance
When you’re a small company, the winds of fortune can have a big impact on your cashflow. This may make it difficult to obtain loans from traditional banks, which aren’t necessarily geared toward providing financial solutions to small businesses. At Global Funding Sources, we understand that you need flexible options, which is why we offer merchant cash advances.
Enjoy the Benefits
A merchant cash advance offers many benefits to borrowers:
- No collateral, application fee, fixed payments or closing costs
- Minimal paperwork
- Funding no later than seven days after approval
- Amounts up to $500,000 per business location
- No interest rate (remember merchant pays a discounted purchase price for the use of funds, not interest!)
- No personal guarantees
- No credit score – decisions are based upon cash flow + revenue of the merchant
- Quick underwriting (approvals typically between 24-48 hours)
- Terms are typically short terms, up to 12-18 months
- Merchant authorizes lender to ACH account either daily, 2X per week or weekly
- Maximum funding amount $500,000
- Perfect for the following industries (auto repair, spas, food/beverage, healthcare, hospitality, retail, wholesale distributors, convenience & grocery)
- No gambling, real estate brokers, non profits, subcontractors, agriculture, travel
Once you receive your capital, you can apply it to whatever you need, including supplies, equipment, advertising, expansion or inventory.
Receive a “Yes” Where Others Say “No”
How is a merchant cash advance different from a traditional loan? This type of financing is an advance on your merchant account, which means that the amount is taken against future credit card sales. When those sales are eventually made, the advance is paid back.
This set-up makes approval much easier to achieve than a collateral-based loan. Even if your credit history isn’t ideal or you’ve been turned down before, you may qualify for this financing.
Start Your Application
Ready to acquire working capital for your business? Contact Global Funding Sources at (888) 893-4339 to learn more about our merchant cash advance program or simply start your application by : Click Here!