Getting a Merchant Cash Advance
Category : Blog
Business owners often face the need for fast financing in order to keep operations afloat. Los Angeles Credit Card Processing is often an ideal solution for the business owner who is need of a quick financing solution at a low rate. Merchant cash advances offer the opportunity to obtain a fast cash advance in exchange for a percentage of your debit and credit card sales. Business owners who have found it difficult to obtain the financing they need through traditional lending institutions due to poor credit or because they have not been in business very long, may find that working with merchant service company in Los Angeles is the ideal solution for their financing needs.
One of the main benefits of this type of arrangement is that you can often receive the funding you need in just a matter of days. We a premier Merchant service company in Los Angeles, can provide funding in seven business days or less. With funds deposited directly into your account, you are able to enjoy the freedom and flexibility of handling your immediate financial needs with no hassles. In addition, you can also typically receive an approval decision within one business day or less, giving you complete peace of mind that your business funding needs are met.
High Approval Rate
Additionally, the approval rate for such advance is quite high. Even business owners who have a bad credit score can still receive approval for the financing they need. The reason for this is that merchant service companies do not take credit scores into consideration when approving advance requests. Due to the fact that lenders receive funding back through a percentage of credit card sales, there is absolutely no risk involved. This makes it possible for merchant services to meet your immediate cash needs without considering your past credit history. You also do not need to worry about submitting tax returns. This eliminates the need for time-consuming applications and allows you to receive the funding you need in a more timely manner.
No Upfront Fees or Fixed Payments
You also do not have to worry about paying any fees upfront when you apply for a merchant cash advance. There are absolutely no processing fees. Additionally, you never need to worry about making fixed payments. Repayments are based on a percentage of your daily sales totals, ensuring that your repayments are always affordable. If you happen to experience a slow day, your payments will remain low. When sales increase, your payments correspond, allowing you to pay off your advance even faster.
Operating a small business can be challenging enough on its own. The last thing you need to worry about is financial concerns. By taking advantage of Los Angeles credit card processing, you can obtain the financing you need without worrying about passing invasive credit checks, completing time-consuming applications, or meeting repayment plans that stretch your budget. In just a matter of a few minutes, you can quickly and easily apply for the funding you need.