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We research out who has the best rates and terms on all kinds of merchant related items such as; merchant cash advance, merchant processing and more.
Our dedicated team reaches out to companies finding the most qualified and credible so you can save both time and money.
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Locate a Merchant Cash Advance Company in Your State: Click Here
How Merchant Cash Advance Work: Click Here
Merchant cash advance, which first appeared about a decade ago, provide
capital in exchange for a share of future debit- or credit-card sales. As such,
they tend to be used by retailers, restaurants and other small businesses where
a large number of customers pay with cards. Providers typically charge between
8% and 10% of gross sales against the advance, though some charge far more.
Business owners use the cash to buy new equipment, restock inventory or pay
off debt, according to the North American Merchant Advance Association, a trade
group launched in 2008.
In May, a study recently found more than half of 250 small businesses analyzed weren’t qualified for traditional bank loans and would need to seek
other sources, such as merchant cash advances, factoring and unsecured lines of
credit. Many of these businesses would face charges of more than 23% in annual
interest and fees, the study found.
The years “2008, 2009 and 2010 were not easy for U.S. merchants,” most
business owners appear to turn to cash advances only after being rejected by a
bank.