Sales Financing Options: Merchant Cash Advance
furniture and home furnishing industry have seen a positive trend and
there is a lot of hope in the future for this industry. Though it is
a nice idea to start a new furniture store, it is to be noted that it
is one of the most sensitive industry. The one difficult thing for
people in the furniture industry is that they need to maintain the
furniture stock as per the latest trend and be able to pay for the
overhead costs. Hence, cash reserves in this small business are
always appreciated for further growth. This is where MCA (Merchant
Cash Advance) comes into the picture.
are designed for receiving cash payments as loans that are repaid in
under 18 months. The major advantage of MCAs is that the repayment is
directly proportional to the sales volume of the business. This
advantage helps the business even during low sales or off seasons.
Funding Made Easier
costs like payroll or proper inventory is not an easy task nor is it
inexpensive. The business needs to survive and be stocked well. There
are other factors like rent, labor, and size that need to be taken
care of, from the beginning. For example, if a large store is rented,
more rent needs to be paid. Also, more space more the furniture that
ought to be filled with. Also, if the business is dealing with new
furniture sales, then it means more money compared to the used ones.
with all these factors is not possible without proper cash reserves.
Most of the small business owners do not have adequate cash reserves
and must depend on some sort of alternative funding solutions to meet
with the pressure. Getting loans from banks is not an easy task as
they look at a perfect credit score to grant a loan to the business.
The procedures to sanction loans are also tough ones like providing
personal guarantees to cover up the losses when there is a delay in
scheduled payments. The chances of rejecting the loan application
also exist. Thus, it is not an easy way.
to set that right, there is our Merchant Cash Advance Program. It
does not ask for personal guarantee or application fee or perfect
score and gets approved in 24 hours if the furnished details are in
order. Above all, the funds are sent in within a week.
business funding can then be used to address a lot of areas within
the furniture business like
is totally up to the business owner to decide on how to use the
funding and there is no questioning on that. One can take their
business to the next level with the help of Merchant Cash Advance.
The availability of immediate capital to stay in the business and
improve management also means that one need not set unrealistic
requirements. Repayment of the loan can be done either as a fixed
amount from time to time or can be structured as partial payment
according to the percentage of sales and the total income of the
a Company with Multiple Cash Advance
sometimes need immediate working capital and though not recommended
would require a cash advance. For such kind of situations, it will be
tiresome and more time-consuming to go for traditional financing.
Sometimes, companies have multiple cash advance and hence, their loan
applications would be disqualified due to low credit score or tax
liens. For these type of companies, the only option available is an
additional cash advance in the 2nd
position. Though the interest rates for these cash advances are high,
they can utilize it to develop their business. To apply for 1st
Position, 2nd Position, 3rd Position, 4th and 5th Position, the
business owner or the merchant needs to provide documents like Credit
application, bank statements, Voided Check, Photo ID and so on.
Contacting the corresponding executive will give a clearer picture on
submission of these documents.
Ray of Hope for Merchants with Bad Credit and High NSF (Not
businessman becomes successful only if he/she can arrange finance
whenever the business needs it. But if the merchant has bad credit or
NSF, the chance to get funding from banks or other outside funding is
less. At that time, merchants can make use of the benefits that they
get out of our merchant cash advance.
Process is Easy:
Application process is simple. BCA or MCA lenders check credit card
sales and bank statement to ensure the ability of payback of the
Questions on the Use of Money:
Unlike Bank Loan Officers, MCA lenders do not ask questions about
the way the money is spent as long as the payments are made and the
contractual terms are upheld.
Fixed Monthly Payment:
The MCA structure is affordable and the payments are matched with
the sales made by the business.
Time to Pay Back:
A BCA (Business Cash Advance) gives more time for full payback
payment. Until that time, the lender takes a percentage of the
credit card sales.
A MCA takes not more than 2 days to get approved. This avoids a lot
of stress in the furniture business
not worry about bad credit and bring the furniture business back into
the track by getting the finance you need. Take advantage of the
Merchant Cash Advance benefits.