Sort Out Your Cash Flow Problems with Merchant Cash Advance
247 Business Finance several of the top lenders who believe in your business and want to help your business grow. You can apply for a secured business loan within minutes and receive your loan within the next 48 hours.
Whether your business is facing a cash flow problem or you intend to grow your business financially, a merchant cash advance is a type of business loan that can help the best!
For many businesses getting a Merchant Cash Advance has never been easier before. But with 24/7 Business Finance, if you own a business that uses a card terminal to take payments from customers, you can apply for Merchant Cash Advance within no time. We being the pioneers of alternative financing, believe in the ease of our customers and hence provide short and straightforward solutions to apply for finance.
For many businesses getting amerchant credit card, or advance loanhas never been easier before. But with 24/7 Business Finance, if your business uses a card terminal to take payments from customers, you can apply for Merchant Cash Advance within no time. We being the pioneers of alternative financing, believe in the ease of our customers and hence provide short and straightforward solutions to apply for aquick business cash advance.
How it Works!
We work at the ease of our clients
24/7 Business Finance helpssmall businesses to get merchant cash advancesfrom several lenders for a certain amount of funding and gives you a lump sum amount of money right away. You can then quickly repay the money you receive with fees, using a percentage of your future sales. So, don’t get into the hassle of filling out long applications and submitting so many documents and get thebusiness merchant loansby following three simple stepshere.
Apply
Apply for the Business Finance now and get a quote in less than 2 minutes.
Approve
Get an instant financial plan and sign the credit application.
Receive
Receive the money within next 24 – 48 hours.
What you need to know about Merchant Cash Advance!
A merchant cash advance is acash advance for business ownersthat allows businesses to access cash quickly. The lender gives the company a cash advance, which it repays using a percentage of its customers’ card payments processed through a card terminal. A merchant cash advance is a unique type of alternative business financing where businesses use a card terminal to secure lending. So, if you are looking for business finance without assets but have a high volume of card transactions, you are at the right place!
Is my Business eligible for Merchant Cash Advance?
Getting a merchant cash advance is easier with 24/7 Business Finance. You must be trading for 3 months minimum and have a maximum turnover. Please read below the eligibility criteria andapply for a merchant cash advancenow to make it simple and clear.
- Your business is trading for 3 months minimum.
- Your business should have a minimum £25k annual turnover.
- You must be an owner or partner of the company.
- Your business must be based in the UK.
Why should you choose 247 Business Finance?
Usually, when a business applies for finance, its credit score got affected. But with 24/7 business finance, we believe in soft-checking of credit points which doesn’t affect your business’s credit score in any way.
A merchant cash advance is customized to your company and the quantity of money it generates, providing you more confidence in your capacity to repay the loan. The amount you can borrow is determined by several factors, including your average turnover and the lender’s assessment of your ability to repay the loan.
We have a range of merchant cash advance lenders at 24/7 Business Finance, and we can help you find the best one for your business. Don’t hesitate to contact our team right now to begin your merchant cash advance applicationhere.
Pros of Merchant Cash Advance
Business Loans include different types of loans tofacilitate small business growth. But Merchant Cash Advance is a very convenient type of business loan because it provides a way for small businesses to pay off their debts, or at least part of the debt, without having to wait years until the government can make sure they don’t default.
So, keeping in mind we see many benefits of merchant Cash Advance As not all small businesses can obtain business loans from the banks to complete all of their objectives but merchant cash advance is ideal for a small business that needs more funds to improve its competitiveness and overall functionality.
Pros |
There are several benefits to merchant cash advances. They might prove to be a helpful option if your business needs to swiftly raise finance or seize an opportunity. Even, this quick turnaround can help if you have a serious cash need and have no other options.
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Bottom Line
There are numerous advantages of merchant cash advances. They can, however, cause issues if utilized improperly, just like any other financial product. But to make you cover we are here to give personalized guidelines to your business to tell you how these transactions are funded and if or whether this is the best course of action for your business. Ideally, we suggest you only think about getting a merchant cash advance only if you can afford to pay for it.
FAQs
- Can I get a merchant cash advance?
If you run a business that uses a card terminal to take payments from customers, you can apply for a merchant cash advance from 24/7 Business Finance.
- Does the merchant cash advance affect my credit score?
No, with 24/7 business finance, your credit score will not be affected.
- Is merchant cash advance reliable for personal investments?
No, a merchant cash advance is allocated explicitly for small or medium-sized businesses.
- How long should my business be trading to get a merchant cash advance?
Your business must be trading for 3 months minimum.
- What can you use a merchant cash advance for?
A merchant cash advance is usually used to solve the cash flow problems, but you can cover various short-term expenses utilizing a merchant cash advance.
- Are merchant cash advances tax deductible?
Merchant cash advances and the money utilized to repay the cash advance provider are not tax-deductible. In most cases, the borrower can deduct the cost of the loan’s interest.
- Being a startup business, am I eligible for a merchant cash advance?
We have multiple other options for startups to be a part of your new venture. Start your business, and when you reach 3 months of trading, we are here to provide you with a merchant cash advance. Contact us at[emailprotected]for more details.
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