Businesses that face difficult odds when applying for financing will be relieved to hear that qualifying for a merchant cash advance is generally much easier than qualifying for other forms of business funding.
Whether your business has a poor credit score, has only been around for a short while, or you don’t have valuable assets to use as collateral - an MCA is still within your reach.
Important note: Merchant cash advances are a particularly useful funding option for small and medium businesses that conduct a large percentage of their transactions through debit and credit cards. So if, for example, you’re looking for restaurant loans, merchant advance funding would be a solution worth considering in the event of a financial rough spot.
Basic points to consider when applying for merchant cash advance loans:
1. What percentage of your business’s transactions are made by debit/credit card
2. How quickly you anticipate be able to repay the loan
