How do I know if a Merchant Cash Advance is right for my business

With the number of business funding options available to both small business and large business owners – how do you, as a business owner who needs funding, know if a merchant cash advance is the best option for your businesses financing?

In order to answer that question, you have to ask where you are with your business:

  1. What is your credit history like? You should take into consideration both your personal credit and your business credit.
  2. What kind of debt do you have with your business and what assets do you have to use as collateral if needed?
  3. Do you have enough working capital to be approved for a loan or an extended line of credit?
  4. Do you need the cash now, or can you wait a while before you receive your financing?
  5. Do you need flexibility on what you use your funding for, or is it for one project, such as helping you to finance new equipment?

The truth of the matter is that merchant cash advances are well-suited suitable for business owners who need extra cash in a hurry, and business owners who for whatever reason do not qualify for traditional business financing either through a business line of credit, an SBA loan or just a loan from the local bank.  A merchant cash advance may not be the best choice for your business if your business is well-established, has impeccable credit and can easily manage through the approval processes of extending business credit or taking out a business loan.

However – even businesses that have the option to choose a bank loan or a business line of credit over a merchant cash advance may find that they can receive more funding though the credit card funding method.  So, regardless of the current status of your business you may find that a merchant cash advance just makes more sense than opting to finance your business with more traditional methods.

 Get the cash you need, starting today

If you have any questions, don’t hesitate to contact Fast Funds at (877) 2-FUND-FAST / (877)238-6332.  Or, if you’ve decided that a merchant cash advance is right for you, fill out our simple qualification form and get the cash you need for your business today.

What do you need to know about funding options for small business


 

Offices:
20225 NE 16th Place
Miami, FL 33179

Phone (954) 575-4399

Fax     (800) 418-7078

Toll-Free: (877) 2-FUND-FAST
                   (877) 238-6332

Email: info@fastfundsforbusiness.com

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our partners Guide to Merchant Cash Advance Funding
Last updated 23 July 2008.