Tired Of Waiting For Your Loan To Be Approved? With MCA Bid Farewell to the Traditional Bank Loans.
Tired Of Waiting For Your Loan To Be Approved? With MCA Bid Farewell to Traditional Bank Loans
If you are a business owner, the chances are that you might already know how difficult it is to obtain a loan from a bank. Applicants for a business loan have to prove their business authorization in order to be approved by the lending bank.
Those who don’t have adequate money or assets to pledge against the loan are often denied.
Even those who meet all the expected requirements have also faced difficulties including, extensive documentation requirements, extensive procedures, and overall slow proceeding. Considering such issues, obtaining bank loans is not an easy thing and less preferred financing options. Moreover, there is also no need to involve yourself in such time-consuming activities that will only end on headache and heavy debts.
Next time you find yourself short of cash or face an unexpected bill you can’t pay on time, consider a quick online payday advance as an effective solution to your urgent situation.
MCA Isn't A "Loan"
The MCA is not a loan, but rather an advance on credit card sales important to cover the business needs of the owners of small to medium establishments. The owners can effortlessly get fast capital in a stress-free manner against their business’s future income.
This payment is paid itself using a percentage of the owners’ regular credit card receipts on a daily, or weekly basis. The repayments begin immediately after the funds are issued.
The retrieval rate is flexible and based on the size of cash advance issued to the merchant. On the other hand, the repayment period and the business’s credit card sales also affect the retrieval rate.
Why Is MCA Better Than Traditional Bank Loans?
The several main reasons why this type of alternative financing is better than traditional bank loans when it comes to solving all your money related concerns are:
MCA is easy, and there is less documentation involved, which helps business owners to save time and hassle. All you have to do is accept credit or debit card payments and generate sufficient sales to pay back the amount within24 months.
Unlike many financing options, MCS is one of the quickest ways to get funding whenever required. Merchants can get approved their requests in a matter of hours, and obtain desired capital in the account within a day or so.
Merchant cash advance financing is unsecured and the merchants, in any way, will not be losing his/her personal or business assets to obtain the required funding and in case they fail to repay.
In merchant cash advance financing, repayments are adjusted according to the merchant’s business performance. This means if your sales are high, your payment will be too and vice versa
How Do MCA Agents Assist Owners?
To help you get the fast capital quickly, your MCA agent does the following:
- Reaches out to the potential debtor and smooth the deal.
- Supports the borrower throughout the process.
- Gauges the borrower’s business to find a right lender for him.
- Reaches out to moneylenders and sends the proposal.
- Brings together the approvals and guides the business owner select the best option.
- Closes the deal and follows up with the lender and the buyer to see that the money is sent and received.
Simple, Easy Steps...
APPLY ONLINE
The application form is available online! Just fill in the form and get the process started!
RECEIVE THE CALL
Once your application has been processed, you will be contacted with the next steps in the process.
GET APPROVED QUICKLY
Obtaining MCA is not only an easy but a quick procedure. After submitting the claim, you could be on your way to securing the quick financial stability your business needs to evolve in the competitive market.
When all is said and done, MCA proves to be one of the best solutions to meet your small biz financial needs. Unlike traditional business loans, it helps you access capital as fast as you want.
