What is a Merchant Cash Advance?
A Merchant Cash Advance is a financial services product that helps merchants by making available ready funding in exchange for a percentage of their future credit card sales revenue.
Also known as a Business Cash Advance, the product has been offered for nearly a decade. It is not loan. Rather, you agree to pay back a fixed percentage in addition to the amount you are advanced. Your business must have been in operation for at least six months, and you must accept credit cards for purchases.
Merchant cash advances offer flexibility and availability of capital that have largely disappeared in today’s economy, even if your personal credit is good and you’ve been operating profitably.
You choose how to spend the money:
- Expand your facility
- Increase seasonal inventory
- Hire the help you need
- Pay off debts
Cash Advance for Manufacturers
If you are in the manufacturing business, you probably understand how hard it is to stay on top of all the bills, purchase orders, repair & maintenance costs, payroll, etc. More on manufacturing financing
Business Cash Advances for Bars & Restaurants
Restaurants of all sizes, from take-out pizza shops to fine dining establishments, microbreweries and sports pubs, usually run into issues and need some quick cash, regardless of what kind of revenue they bring in throughout the year. More about restaurant loans
Merchant Cash Advance for the Medical Industry
Doctors, Chiropractors, Therapists – With all the bills piling up both from the business and personal life, it’s hard to come across the kind of capital it requires to purchase a new device, upgrade your waiting area, implement new technology into your everyday practice or even hire more assistants or purchase more inventory. Click for more about medical business loans
Merchant Cash Advance for Country Clubs
Are you on the board for your local country club? Have you been noticing some renovations are needed but do not know where to find the funds to get such a task completed? More about country club financing
Merchant Cash Advance for Night Clubs
Nightclubs. We have all been to them at least once in our lifetime. What makes a nightclub stand out compared to their competition? What is one guy doing that the other is not? If you own a nightclub, especially in the Washington, DC area, you know the competition is high and there are A LOT of people that go out.
Merchant Cash Advance for Theaters
Do you own or manage a theater? Do you host a variety of shows in your theater and cater to a large group of people? Maybe you have been in business for a couple years but have not really marketed your theater to the people that live around you.
Merchant Cash Advance For Gas Stations
Do you own a gas station? How about multiple fueling stations with employees to run them for you? If the answer is yes, you probably understand the struggle of getting a traditional bank loan for any needs around the gas station. If you need to refuel your tanks with gasoline but do not have the funds to procure such a purchase order, call us now.
Merchant Cash Advance For Marijuana Distributors
Do you own a marijuana distribution shop in Colorado? Are your sales going through the roof, but you need money to purchase more inventory? Unfortunately, medical marijuana shops are feeling the brunt of the banks and are not able to procure working capital to purchase inventory, pay their staff, or whatever the case may be.