Merchant Cash Advances and What You Should Know About Them

Would you like to know about one of the fastest and easiest ways to get money to  grow your business? Well I’m about to reveal to you everything you need to know about merchant cash  advances, in this merchant cash advance training I’m going to show you how to get approved and  get funded in less than 72 hours, I’m going to show you how to get a merchant cash advance  with really good rates if you have good credit and I’m going to show you how to get approved regardless of how bad your personal credit maybe I’m going to show you how to get MCA loans even if you have no collateral and even if you’ve just been in business for 6 months or even sometimes less  and.

I’m going to show you how to get merchant cash advances even when you can’t qualify for any other kinds of financing even if you think there’s no way you can get funding right now and I’m going  to sprinkle in some of my best tips and tactics throughout this training on how to get the most  money at the best terms and if you stick around to the end, I’m going to get you access to our funding bolt of 27 killer ways to get money for your business we’ve got a lot to cover so let’s dive in the first thing to know about a merchant cash advance is well it’s not really a loan at all  if you look at a normal loan it’s got a set term a set interest rate and a set payment you actually  pay back over time but at merchant cash advance you’re actually selling your future revenue at a  discounted rate to the lender, so the way merchant cash advance works is you actually will have your  revenue reviewed we’ll talk about that during this training once it’s reviewed and you actually pass  the qualifications then they’ll typically give you an approval for a certain amount of your revenue  and then they’ll deduct the money daily weekly or sometimes monthly until that  amount is actually paid back.

So why might you want a merchant cash advance well there’s so  many benefits, first of all, this is one of the fastest ways I’ve ever seen to get money  you literally can go through submitted application and get funded in one day to three days  sometimes same day that you’re actually submitting applications, so it’s really fast easy way  to be able to get the money you need to grow your business now on top of that as I mentioned it’s  easy, all you typically need is to supply a couple months’ worth of bank statements a few months’ worth of merchant account statements those get reviewed and you’re able to get funded you’re also able to get funded for merchant cash advance when you just typically can’t qualify for most other  kind of financing credit scores aren’t an issue you don’t need any kind of collateral they don’t  really look at high-risk industries and startups and all these other things that restrict you from  getting funding like a lot of other funding sources do and you can get approved really  with most sources, if you’ve been in business 6 months or more some of them will even do  that if you’ve been in the business less than 6 months so all you have to do is be in business 6 months or more have about five thousand dollars a month in revenue and if you have five thousand.

Dollars a month in revenue but 6 months or more time in business you could typically get  approved plus the terms are pretty good you could typically get approved for as little as 6 months  as much as five year term so you can get a loan or financing over five year term and if you have good  credit or you’re low-risk factors like how long you’ve been in business credit score etc if you’re  lower risk you can even get really good interest rates with this so merchant cash advances work  really well if you have good credit cause you can get a longer term and lower rate which means still  really affordable payments but even if you have bad credit or you’re high risk it still works well  for you because it’s really kind of synonymous with getting people approved that are in high  risk situations, so matter how low risk or high risk you may be merchant cash advances provide.

A phenomenal solution and easy and fast way to be able to get the money you need to grow your  business, so can you qualify to get approved well merchant cash events are actually really easy to  qualify for all the lenders primarily looking at is that you’ve got consistent money coming  in to your actual business, so they’re going to want to see typically two-three months’ worth of  merchant account statements three months’ worth of bank statement so what they’re looking for  is first of all do you have consistent revenue consistent income coming in they don’t like  real estate agents that have a few large deposits they want consistent money coming in like an  e-commerce business, or a retail store that has money being deposited on a regular basis.

On the merchant statements, they’re looking to make sure you don’t have a bunch of chargebacks they want to make sure you’re doing a good business and the money you’re actually processing is going to belong to you, it’s not going to be given back because a lot of people think you’re doing shady things and are processing chargebacks they’re also going to look at your bank statements  just to make sure you’re managing your bank account responsibly, they want to see have more money going in the bank account than going out that’s called positive cash flow they want to see  you have more money or positive bank balance at the end of each month not a negative bank balance I want to see the money the basically pay them back.

They want to see that you don’t have very many non-sufficient funds or you’re not overdrawing the account, they also want to see you have about $5,000 a month worth of actual money going into your bank account from Visa card and MasterCard transactions. And they prefer that you’ve been in business 6 months or more now they’re always exceptions.

So, if you’ve been in business less than 6 months or have less than 5,000 a month in revenue if you’re stronger in other factors like a time in business or credit score or industry etc. then that might offset some of those higher risk factors. But again, fairly easy to get approved if you manage your bank account responsibly if you have 5,000 a month in Visa MasterCard transactions going into your business well then there’s a really good chance that you’ll qualify for a merchant cash advance. A lot of different places out there offer merchant cash advances for example For a Financial does Rapid finance does OnDeck does I mean there are hundreds if not thousands of sources that offer merchant cash advances. And the underwriting process is pretty easy typically they’re going to ask you for verification of identifications for example like your ID like your driver’s license.

Then they’re going to want to see again 3 to 6 months I’d get 6 months given more than they need merchant account statements and bank statements. And once you submit that in I’ll do the underwriting review typically give you an approval same day, and if you meet the criteria, we’ve kind of talked about today then you’ll probably get approved and again you can get your money in 24 to 72 hours. So there you have it now you know every detail you need to know to be able to secure  a merchant cash advance if you’d like us to help you along the way and get approved, feel free to  go to creditsuite.com/get funding that’s creditsuite.com/get funding  keep in mind merchant cash advance is just one of many different ways you can get money for your business, whether you have good credit and able to tap into a program like credit line hybrid where you can get credit lines for $150,000 or tap into some kind of assets whether it be stocks,  bonds, 401k’s, IRAs, equipment, inventory, or many other types or all these other types of financing that’s out there for peer-to-peer lending to cash flow financing to loans available from PayPal Square, Stripe there’s so many cool ways to get money for your business so make sure you follow us at credit suite.

com so you can tap into our knowledge and be able to get the most money at the best terms to grow your company. And make sure you grab our funding vault at creditsuite.com/27ways that’s creditsuite.com/the number 27-word ways to access our funding vault of 27 different ways you can get money for your business. And you’re entitled to a  free consultation on that consultation will tell you all the funding you can get right now look  a lot of entrepreneurs don’t think they can get money and they can qualify.

So if you want to know the loans or credit lines you can qualify for right now, give us a call at 877-600-2487 that’s  877-600-2487 on that consultation call, we will  qualify you for funding we’ll do a fundability assessment to help you fix fundability issues  that are preventing you from getting approved for max money right now. And then we’ll also talk  to you about building your business credit get your business credit reports for free and give  you tips and tactics to improve your business credits you can get even more money at the best  terms. If you got value from this training don’t forget to like and subscribe to our other channels  we have all kinds of training that will teach you more cool ways to get money to grow your business.

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