Advantages of Merchant Cash Advances

If your business is in need of extra cash, you should consider applying for a merchant cash advance to help you cover emergency, necessary, or expansion expenses.  Merchant cash advances are small, short-term funding that gives you money you need for any business expense.  A cash advance can help you take your business to the next level with new equipment or renovations.  Metro Merchant Services can get you the funds you need when you need them by purchasing a future portion of your future receivables which includes credit card transactions,  checks/ACH deposits, and cash.The following are the top 10 benefits merchant cash advances can offer you:

  • No security interest taken in home, business, equipment, or inventory
  • No personal guarantees for repayment
  • No points or upfront fees
  • No fixed monthly payments
  • No coupons or checks to write
  • Little impact on your ability to qualify for other financing
  • No business use restrictions on the funding
  • No hassles – quick application process and fast funding
  • 99% approval rate
  • Rates as low as 9.9%* (*Factoring rates start as low as 9.9% (approximate 6 month term). Rates are calculated as a one-time fixed fee applied to the funding advance amount. Rates will vary by lender, repayment and the financial strength of your business.)

How does a Merchant Cash Advance work?

When you apply for a merchant cash advance, your recent months of debit and credit card processing totals are reviewed to determine your approval amount.  Then, you are advanced capital that you can use for any business expense and pay back through a small fixed percentage of your future revenue stream.

Since the repayment is a fixed percentage, the amount adjusts based on your daily payment receivable volumes.  When you have a good day, you pay back more on your advance.  If your sales are slow, well, you pay back less.  Regardless, you will still have enough cash flow to deal with your day-to-day business functions.

Advance capital based on historical sales

Repayment made daily through a fixed percentage of credit/debit card sales.

99% approval rate, no hidden fees!