Is a Merchant Cash Advance Right for Your Business?
Small businesses sometimes need an extra boost to gain financial stability. The merchant cash advance program at Frontier Capital Financing is a great resource for small business owners. You may be able to get the financing you need, even if you have been turned down by credit unions or banks. Instead of taking out a loan, you borrow against your company’s future credit card sales. This allows many applicants with less-than-perfect credit to qualify.
Terms and Advantages
Merchant cash advances carry excellent benefits and fair terms that can help get your company on track. These include:
- Ability to work with many major credit cards
- Up to $200,000 for each business location
- Funding in as little as one week
- No collateral required
- No closing costs or application fees
- Less paperwork than traditional loans
Repayment is easy, and you never have to worry about fixed monthly payments.
Using Your Merchant Cash Advance
If approved, you can use the money for almost any business need. Purchase inventory and supplies, boost your advertisement campaign, or pay expansion costs. It is up to you to determine how the money can benefit your business.