No money? No problem- MCA is here to solve all your money related concerns.
No money? No problem- MCA is here to solve all your money related concerns!
As a business owner, you know there is a range of constituents that go into running a successful set-up in the market. From portfolio to labor force to rent and utilities, everything depends on finance. In this way, you can’t risk being low on cash flow.
Unfortunately, running out of money is one common problem for startups and small businesses. It’s one of the worst things that can happen to anyone, anywhere, anytime. And if you’re not able to afford any of the expenses needed to run a business, you’ll risk having to close your doors.
Luckily, that’s where small business financing comes in!
If you’re low on cash, there are more than enough financing options available in the market that you can pursue to invest in your business. And in the realm of financial technology, it is easy to see and understand the flowcharts about how specific these financing options can be responsible for solving money related problems of your company.
There are many options which act more likely as financial tools. Take for instance the merchant cash advance (MCA).
The concept is not new and has been around for many years and works differently from a loan. Unlike business loans, MCA is an advance of funds from one party to another on an upfront fixed amount of cash in exchange for a slice of your future sales.
In simpler words, MCA is a ‘lump sum’ capital you require for your future credit card sales and receipts. It is one of the best alternative financings in which you do not need to offer collateral to the lender.
The entrepreneurs throughout their startup journey have to deal with many difficulties, and the most annoying is a financial crisis. MCA enhances their business models by providing an adequate amount of finance.
Merchant cash advance or MCA works as a tool that allows business owners to get a quick advance on their future revenues and prevent cash shortfalls. A merchant cash advance isn’t a loan, but rather a cash advance based upon the credit card sales deposited into a business account fairly as quickly as after approval.
- Same day funding
- Unsecured by assets
- Cheaper than equity
- Minimal documentation
…those are some of the many benefits of a merchant cash advance.
In merchant cash advance financing, unlike loans, you can get immediate cash. You don’t have to worry about waiting days, weeks, or months for the approval. Within 24 hours of filling out the application, your request gets approved, and the fee is taken out with the total invoice, so you never have to pay back anything.
The credit score will not be negatively affected as well. In actual fact, as a result of improved cash flow, you may even see improvement in your credit score.
So, if you are looking for fast capital to start a business or solve money-related problems for your business but have inadequate financing, MCA can help enable you to get altitude!
