Merchant Cash Advance Funding
It’s no secret that the economy has been on a wild ride for the last few years. Small business owners will be the first to tell you that staying afloat has been more complicated than they ever expected. At Hedge Commercial Capital, we understand small businesses’ hardships when the economy is upended. When your business needs funding, merchant cash advance financing can provide a practical solution that suits even those will less than perfect credit.
Merchant Cash Advance Details
Merchant cash advances aren’t exactly like traditional loans. First, we at Hedge Commercial Capital will preapprove you for financing. If your business is approved, we will loan you up to $200 thousand in money to spend. Your funding is taken against your merchant credit accounts or your credit card sales that have not yet occurred. As you make credit card sales moving forward, a percentage of sales will return to us each day for repayment.
Merchant Cash Advance Benefits
For businesses that cannot receive traditional funding, merchant cash advances are ideal for getting necessary cash. Benefits of this lending program include:
- Minimal paperwork
- Funds granted quickly
- No hidden fees
- No collateral
- Allocation of money as you see fit
- Simple payback process
To find out if a merchant cash advance is the right funding source for your business, contact Hedge Commercial Capital for more information.