A Merchant Cash Advance is a lump sum payment deposited in your business account. In exchange, you agree to sell us a percentage of your future credit card/receivables at an agreed-upon percentage. Every time your customer makes a credit card purchase, you are on your way to paying back the loan at the agreed-upon percentage. The settlement comes directly from the credit card processor associated with the business, in order to make money from the business owners’ POS, in order to quickly and efficiently pay back the loan.
Merchant Cash Advances are hassle-free and fast. Businesses who would be caught in the red tape associated with traditional loans, often get approvals within 72 hours of request with a Merchant Cash Advance provider. Because there are no checks to write, and the money is paid back at every Point Of Sale automatically, there is no concerning yourself with late fees. In addition, there are no fixed payments, late fees, hidden fees or interests. That means the agreed-upon loan will never change percentage, and there will be no surprises. Because there is no collateral for the amount of the loan, the only side that takes a risk, is the Merchant Cash Advance Company. If your business is having a great day you can pay the balance off quicker. If your business is having a slow day, you are not penalized. The percentage always remains the same, and the amount differs based on your sales. Perhaps one of the most important aspects in today’s society, where your credit score can make or break you, Merchant Cash Advance companies do not appear on your credit report. To summarize, with the absence of guarantees, collateral, and equity, Merchant Cash Advances are a risk-free solution to your monetary needs.
Merchant Cash Advances have supported business owners in all industries. The only requirements are that you are a business that deals with credit card transactions totaling to a minimum of $5,000 and have been active for minimally a year.
“This is the BEST business decision I have made for my company! I feel like AdvantEdge Corp. is a part of my team. They helped me get the funds I needed so I could focus on my business. I recommend AdvantEdge Corp. to all business owners.”
“The team at AdvantEdge Corp. were able to get me an amazing deal on Equipment Financing when I was turned down at 2 other places. They were very transparent from the start. AdvantEdge Corp. has my full loyalty.”
“The AdvantEdge Corp. team goes above and beyond! They are always there to answer calls and questions, and helped save my business. I am very grateful for them and their work ethic.”
“I am beyond thankful for the support I have received from the AdvantEdge Corp. team. They were very professional and knowledgeable during the entire process.”
“I have been with AdvantEdge Corp. for 8 years now and during that time AdvantEdge Corp. has been a great supporter in helping me achieve my company’s goals. Their customer-oriented approach, in combination with their programs and services, has significantly contributed to our progress.”