Merchant Cash Advance
What is a Merchant Cash Advance?
Business owners face many challenges and opportunities every day, and deserve better than “one size fits all” financing. As an alternative, business owners are choosing merchant cash advances as a financing option. A simple way to access financing, merchant cash advances are based on a percentage of future credit card receivables which provide immediate working cash for businesses. As banks continue to reject more business lending applications, business owners scramble to secure the working capital they need to maintain smooth business operations. It has become extraordinarily difficult for many business owners to get traditional loans in this economy. This present state of the economy has lead the merchant processing industry to experience a dramatic increase in the number of business owners seeking merchant cash advances.
Easily Access More Working Capital
We will customize the most suitable program for your business and have you funded as soon as 3 days. Most merchants require additional working capital following the initial funding. After three months, we can renew most merchants that have the need for additional capital. Our goal is to work with our merchants by developing long-term relationships and at the same time offer some of the most competitive terms in the industry.
A merchant cash advance is not a business loan, but a method of financing whereby a business owner agrees to sell his future credit card receivables at a discounted rate. The merchant has several ways of paying back the advance (not all companies offer this) including split funding from their credit card machine, ACH, and lock box methods. The business owner is not required to pay back the advance under a specific time period, but pays back the advance by diverting a percentage of his monthly credit card sales to the merchant cash advance company. Prior to the advance being paid off, the merchant also has an opportunity to re-new his/her advance and obtain additional funds.
Since the merchant advance is not an actual business loan, this means that there is no collateral attached to it, and thus it is an unsecured advance and is not tied to any personal or business assets. With our simple funding process it has become easier than ever for a merchant to obtain working capital even with today’s economic conditions.
- 95 % Approval Rate.
- Borrow $4,000 up to $2,000,000
- No Collateral/Unsecured
- Less than Perfect Credit Okay!
- 24 Hour Approval Process
- Get Funded Within 72 Hours
Businesses need working capital for a variety of reasons – from purchasing inventory and equipment to remodeling and advertising or even just to boost working capital. Our business financing products can be used for any business opportunity and offer both fixed and flexible repayment options. Could your business use extra capital to expand, renovate or advertise? Or maybe you’re ready to upgrade your equipment or stock your shelves for a seasonal business spike. If your business accepts debit or credit cards, then a merchant cash advance may be your answer. Whether your expenses are planned or unexpected, a merchant cash advance from Ignite MN Merchant Services can provide your business with $4,000 to $2,000,000 in as few as 5 days!
Businesses that accept payment cards are turning to merchant cash advances to access quick capital. For small businesses that are just starting out to established mid-sized businesses, a merchant cash advance is a quick and easy way to obtain funding by leveraging your future card sales. We understand that every business is different – that’s why we have multiple products to fit your unique needs.
Businesses across the U.S. have found that financing solutions from Ignite Merchant Services is the right solution at the right time. Chances are we have a funding solution for your business as well. – Credit card processing for small business