The Benefits of a Merchant Cash Advance
Securing a loan can be tough to do, especially for a small business. Often, a merchant cash advance can be a good alternative option. This type of financing can be obtained even if your business has been denied other loans, and with a credit score that is less than ideal. With the completion and approval of your application with ClearView Capital, you can receive funding of up to $200,000 per business location.
Usually arriving within the week, this is quick capital with little paperwork required. Collateral is not necessary, and neither are closing costs, application fees, or fixed payments. This means you are not dealing with some of the baggage that comes with a traditional loan. Furthermore, with a merchant cash advance there is no loss of equity, because nothing that your business owns is being put up as collateral.
These funds are eligible to be used for a variety of different expenses:
- Expanding your company (buying out a partner, acquiring a new location, etc.)
- Supplies and equipment
- Marketing and advertisements
Finally, payback is simple in the case of a merchant cash advance. This is because the advance is taken against future credit card sales from your business account, so essentially you’ve already got the revenue coming.
For more information on how to finance your company with this alternative, contact ClearView Capital today. Our associates can help you get ahead of the expenses and start strengthening your business.