A Merchant Cash Advance Works in a Fraction of the Time of a Business Loan

As much as we try, we cannot control business. Business is an untamed beast. We can do little things to try and shape our destiny, but ultimately we are its slave.

Opportunity is one of those things that are beyond our control. Emergencies are another. The best that we can hope to do is try to be ready when these things occur. In a perfect world, we would have enough money in the bank to take advantage of opportunities or to stave off disaster in the event of an emergency. As you and I are fully aware; that is not always possible.

Of course if you need money you can always go to the bank. The problem with banks is that it generally takes at least 3 or 4 weeks to process your loan request; often much longer than that. By that time the opportunity may have gone to someone else or the emergency has already taken a toll on your business. Ultimately, we really have so little control.

There is one way to get money in a fraction of the time it takes to get a bank loan; that way is with a merchant cash advance. You may have also referred to as a merchant loan, business cash advance or a credit card advance. Regardless of what they are called, they can get you approved in 24 hours and put cash in your hands in less than a week in most cases. The only way that I can think of getting money any faster is if you have already established a line of credit at the bank.

Getting a cash advance even after you’ve been turned down by the bank.

Not only are merchant loans much faster than a bank loan; they have a much higher approval rate as well. I’m not sure if you’re aware of this, but banks turn down nearly 90% of everyone that applies for a business loan. I was shocked when I heard those numbers. Especially, when you consider that most banks owe their very existence to the American small business. And when you factor in the fact that we as tax payers have given these same banks hundreds of billions of dollars in recent months, I have to wonder why we didn’t just let them fail.

I digress. I have to admit that I know very little about economics on that scale. I primarily focus on financing small businesses. That’s what I do best.

In contrast to the 10% approval rate of banks; most merchant cash advance providers have nearly a 90% approval rate. That is an amazing number. The reason they are able to approve so many businesses is because they have developed a way to minimize the risk to themselves while still being able to offer a generous amount of working capital for the business owner. They do this by using your credit card sales as the basis for the cash advance and your credit card processor as the means to pay it back.

This process of advancing businesses based on their credit card sales has revolutionized the process of acquiring working capital and has leveled the playing field for all small businesses regardless of their financial history.

A merchant loan specialist works closely with your business and offers a customized advance that will give you the maximum amount of cash with the least amount of strain on your business. It is important that your business succeeds for everyone involved.

Getting a loan or a cash advance is not a decision to be taken lightly. You need to make sure that the benefits outweigh the costs. You also need to know the facts.

Merchant Cash Advance Information
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