What You Should Know About Merchant Cash Advance
Small businesses are the backbone of the country. The economic ups and downs need a different solution for some business owners than a standard loan. A merchant cash advance can provide the cash solution your business needs. At Wealthy Bet Capital , work with qualified businesses to provide solutions to their financial needs.
Unlike a traditional loan, a merchant cash advance has unique advantages due to its nature. Some of these include:
- Quick access to funds
- No collateral required
- Spend the money how you like
- No fixed payments
- No application fee or closing costs
- Minimal paperwork
- Easy payback
A cash advance allows businesses to borrow money based on their future credit card sales. The loan uses these future sales as collateral for the loan. Receive a loan up to $200,000 per location. Credit cards can be American Express, Visa, MasterCard, Discover or whatever else you take.
Without required collateral, the cash advances are often easier to apply for than a standard business loan. Business owners with less than perfect credit can qualify for a cash advance where they may be turned down by a bank for a traditional loan.
The loan can help you grow or stay on track. Give Wealthy Bet Capital a call today to learn more about how a merchant cash advance can help your business.