Category: Small Business Financing

There is a general misconception that automobile showrooms and auto repair shops are doing extremely well. The reasoning is that with almost every household in the United States of America having at least two cars each, the need for buying, servicing, and/or repairing them is quite high.

Unfortunately, in the current economic scenario, with the pandemic showing no signs of subsiding, small and medium businesses are closing down, and this also includes auto repair shops. The main reason for these closures is finance because small and medium businesses need money to run the day-to-day activities, and banks and big financial institutions do not consider them a safe bet. This is where specialist funding companies step in to provide auto repair shop financing quickly and efficiently without any delay.

Getting business funds from a bank or financial institution requires documentation and, in some cases, even collateral, before being sanctioned. However, more often than not, such finances for businesses such as auto repair outlets, auto showrooms, etc., are turned down. There are companies that can provide automotive business funding with set payback terms. The payback terms for merchant cash advances are mutually agreed upon during the negotiation and are from credit card sales on a daily, weekly, or monthly basis.

Running an automobile dealership is expensive, because of the cost of the inventory that needs to be displayed in the showroom at all times. The salespersons in these showrooms also need to provide good financing options for their customers to clinch the sale; however, if sales are low, then the resulting hardship will affect not only the owners of the company but also the employees. With a good record of sales, the automotive business funding process provided by many non-banking financial institutions seems a safe bet during these troubled times.

Quick auto repair shop financing can be hard to come by through traditional lending sources, especially when you have less than perfect credit score. A merchant cash advance can be an empowering solution as it allows auto repair shop owners and owners of other small businesses to raise cash quickly in exchange for a portion of their future revenues.

Cash Flow Challenges Of Small Businesses

Many small businesses have trouble juggling cash flow with the current and future financing requirements. Sometimes, businesses need cash on hand fast – for instance, an auto repair shop to procure high in demand spares. The struggle is compounded in the case of seasonal businesses or when business owners have imperfect credit scores which make them ineligible for traditional financing via banks and other lending institutions. And then there’s the issue of waiting around for bank funds to come through and the issue of putting up collateral – these challenges can lead to small businesses struggling for mere survival.

Mcas Are Fastest Funding Solutions

Whether you need auto repair shop financing or financing for any other small business, a cash advance is the absolutely fastest funding solution in the market. How fast is fast? If you’re eligible and you agree to the terms of the contract, you can receive an upfront amount in your business bank amount within 2-3 business days, if not on the same day. Merchant cash advance providers have a streamlined process to review applications and approve funding. The online application process is simple enough – you just need to provide proof that your business has been around for six months or more and provide recent business bank statements to prove that you have healthy incoming revenues.

Mcas Come With High Approval Rates

Many small business owners with imperfect credit try their luck with banks even though they know their chances of getting approved for a bank advance are low. Obtaining a cash advance for small businesses with bad credit is a more realistic expectation. Cash advance providers make the ability to earn and ability to repay through future receivables their primary condition to approve funding. Moreover, cash advance lenders do not typically ask for collateral – a hugely beneficial feature for small business owners who do not have significant personal assets.

Don’t Waste Time In Crunch Situations

Instead of wasting time exploring possible funding solutions in crunch situations, business owners should immediately consider cash advance for small businesses with bad credit. This will help them receive immediate funding to meet their current needs. This does not mean that cash advances cannot be used to fund future initiatives. Whether it is purchasing additional inventory, or equipment, expanding to a new location, or implementing a marketing campaign, a cash advance can be used for any business-related purpose.

A merchant cash advance is a simple, convenient, and fast way to get the business funding you need – now! To see if you qualify, fill in a simple online application form on the website of a trusted cash advance lending company!

If you own or operate a trucking business, you know that the industry is a capital intensive one and you can have a hard time trying to access trucking business funding immediately. Merchant cash advances have emerged as a popular alternative to traditional funding solutions. Read on to learn if a cash advance is the right fit for your trucking company funding needs.

Quick Approval And Funding

There are many situations where trucking companies require fast working capital. However, banks and other traditional lenders consider trucking businesses to be high risk and are reluctant to provide trucking company funding – or they have lengthy, complex processes that fail to meet the immediate requirements of customers. On the other hand, companies that offer cash advances have a fast and hassle-free approval process – once you qualify and agree to the terms of the contract, the advanced amount can be in your account within hours or days instead of weeks.

Approval Based On Incoming Revenue

A cash advance is an attractive trucking company funding solution because cash advances are approved based on the business’s ability to earn and not credit score. Approval rates for cash advances are high and businesses simply need to furnish basic information about their business and revenues for the past few months to apply for a cash advance. A cash advance is a suitable trucking business funding solution for companies that have existed for six months or more and are witnessing healthy revenues. The ability to earn is important because a cash advance is repaid from a portion of future receivables that is to be remitted over time.

No Collateral And Flexible Repayments

Banks and other traditional money lenders may require collateral to provide a cash advance. This can put small trucking business owners who do not have significant personal assets in a difficult position. On the other hand, providers of cash advance do not require any collateral – so business owners who do not have personal assets to put up as collateral can also apply for a cash advance that too without any worry of losing their personal assets in case of failure to pay. Another great thing about a cash advance is that business owners have flexibility in repayment – they can pay less when business is slow and remit more when business is booming.

No Restrictions On Use Of Advanced Amount

Cash advance trucking funding for business owners can be used to cover daily expenses such as tolls and fuel costs. It can also be used to cover payroll in the lean season or hire additional drivers in peak season. Besides, a business that wants to grow will want to expand the fleet and ensure regular maintenance of its vehicles. The beauty of a cash advance is that there is no restriction on usage and business owners can use the advanced amount for any business-related purpose. Moreover, cash advance companies welcome funding requests of all sizes – from a few hundred dollars to thousands of dollars.

If you’re ready to give merchant cash advances a shot – just visit the website of a reputed cash advance provider and fill in a simple online application form!

From buying the latest trendy clothes online to getting easy business funding online, the internet has definitely made our lives easier. Yes, online merchant cash advance providers are making it easier for businesses that banks and other traditional money lenders consider risky to access financing. Here are some advantages of considering online providers of merchant cash advances.

Submit Application in Few Minutes

Applying for online business funding is as easy as it gets. Unlike when you’re applying for an advance from a bank, you don’t have to submit a hard application for a merchant cash advance. All you have to do is find a trustworthy company offering MCAs, fill in the information required for the online application form, and hit the submit button. The details you need to provide are very basic – for example, your industry, how long you’ve been in business, total average monthly revenue, average monthly credit card processing volume, how much financing you want and when you want it.

Benefit From High Approval Rates

A merchant cash advance is an excellent solution for online small business funding. Small business owners typically have a tough time securing an advance from a bank or any other traditional money lending institution. A bad credit score, inability to provide collateral, and lengthy, complex processing can make it impossible for small business owners to the funds they require when they need it the most. Merchant cash advance companies do not give major importance to credit score and do not ask for collateral – two important factors that work in the favor of small business owners.

Get Upfront Cash in 2-3 Days

Online merchant cash advance providers ensure an easy business funding process. As soon as you submit an application form, the merchant cash provider will look to see if you qualify for a cash advance. MCA companies focus on the business’s incoming revenues and ability to repay the advanced amount from future receivables. If you qualify, the company will send you an offer for you to review and if you agree to the terms of the contracts, funds are wired to your business bank account within days and sometimes within hours.

Repay From Future Receivables

In exchange for the cash advance, businesses commit to repaying a portion of future receivables over time till the advanced amount and applicable fees are paid off completely. This arrangement allows business owners to remit more or remit less depending on sales volumes. Business owners can repay more when sales volumes are more or pay less when sales volumes are low – this is a game-changing online small business funding solution that seasonal businesses can take advantage of. Moreover, business owners are free to use the advanced amount for any business-related purpose.

If you are looking for swift and easy business funding, do consider applying for a merchant cash advance online. Another advantage of the online business funding model is that you can research from the comfort of your home or office to find a reliable company providing competitive offers and flexible terms. Get the ball rolling and access the funding you need to run and grow your business!

Quick auto repair shop financing can be hard to come by through traditional lending sources, especially when you have less than perfect credit score. A merchant cash advance can be an empowering solution as it allows auto repair shop owners and owners of other small businesses to raise cash quickly in exchange for a portion of their future revenues.

Cash Flow Challenges Of Small Businesses

Many small businesses have trouble juggling cash flow with the current and future financing requirements. Sometimes, businesses need cash on hand fast – for instance, an auto repair shop to procure high in demand spares. The struggle is compounded in the case of seasonal businesses or when business owners have imperfect credit scores which make them ineligible for traditional financing via banks and other lending institutions. And then there’s the issue of waiting around for bank funds to come through and the issue of putting up collateral – these challenges can lead to small businesses struggling for mere survival.

Mcas Are Fastest Funding Solutions

Whether you need auto repair shop financing or financing for any other small business, a cash advance is the absolutely fastest funding solution in the market. How fast is fast? If you’re eligible and you agree to the terms of the contract, you can receive an upfront amount in your business bank amount within 2-3 business days, if not on the same day. Merchant cash advance providers have a streamlined process to review applications and approve funding. The online application process is simple enough – you just need to provide proof that your business has been around for six months or more and provide recent business bank statements to prove that you have healthy incoming revenues.

Mcas Come With High Approval Rates

Many small business owners with imperfect credit try their luck with banks even though they know their chances of getting approved for a bank advance are low. Obtaining a cash advance for small businesses with bad credit is a more realistic expectation. Cash advance providers make the ability to earn and ability to repay through future receivables their primary condition to approve funding. Moreover, cash advance lenders do not typically ask for collateral – a hugely beneficial feature for small business owners who do not have significant personal assets.

Don’t Waste Time In Crunch Situations

Instead of wasting time exploring possible funding solutions in crunch situations, business owners should immediately consider cash advance for small businesses with bad credit. This will help them receive immediate funding to meet their current needs. This does not mean that cash advances cannot be used to fund future initiatives. Whether it is purchasing additional inventory, or equipment, expanding to a new location or implementing a marketing campaign, a cash advance can be used for any business-related purpose.

A merchant cash advance is a simple, convenient, and fast way to get the business funding you need – now! To see if you qualify, fill in a simple online application form on the website of a trusted cash advance lending company!

With banks becoming increasingly stringent about dispensing small business capital funding, entrepreneurs are abandoning commercial loans and looking to other funding solutions to keep businesses competitive. Over the years, merchant cash advances (MCAs) have emerged as popular alternative financing solutions for business owners who need quick and easy access to money. If you are the owner of a small business, here are some reasons to consider MCAs.

Easy To Secure Approval

MCAs have emerged as one of the best business funding solutions because they are easy to qualify for. While banks have rigid eligibility requirements and mountains of red-tape to deal with, providers of MCAs offer a quick and simple approval process. Merchant cash advance applications are mostly online and consist of a short questionnaire. MCAs have high approval rates and business owners can have funding approved within hours if they meet eligibility criteria.

Less Emphasis On Credit Score And Collateral

Relaxed eligibility criteria are another reason that makes MCAs one of the best business funding solutions available in the market today. Business owners with a history of less-than-perfect credit find it near impossible to qualify for a business loan. MCA providers do not give much importance to credit score. Instead, they focus on historic business revenues over a period of time to determine eligibility and ability to repay. Moreover, they do not ask for collateral – so you don’t have to worry if you don’t have anything to put up as collateral or about losing your asset in case you default on repayment.

Linked To Future Business Earnings

Flexible repayments are one of the main reasons that make MCAs an easy business funding solution. Technically, a merchant cash advance is not a loan. It is an upfront amount that is advanced to you and deposited in your business bank account. In exchange for the advanced amount, you pay a percentage of future receivables on a daily or weekly basis until the entire advanced amount and applicable charges are paid off. Traditional bank loans require you to pay a fixed amount every month, irrespective of what your business earnings are during that period. Repayment of an MCA is linked to business earnings and a business owner can repay at a faster or slower pace, depending on business revenues.

Can Be Used For Any Purpose

There are many situations in which small business owners may need easy business funding. For example, when they want to buy inventory that’s available at a discounted price or to gear up for increased demand. They may need funding to cover day-to-day expenses such as payroll that may be difficult to provide for in the lean season. Alternatively, they may want to hire additional staff to provide better customer service during peak season. Business owners may require additional funds to cover unexpected expenses such as repairs or replacements. They may seek additional funds for business expansion activities or marketing campaigns. A merchant cash advance can be used for any of these purposes.

Whether you need working capital or business funding – a merchant cash advance can help your small business stay alive and flourish. For best outcomes, partner an experienced and trustworthy provider!

As the owner of a small retail store, you know how hard it is to source quick retail store financing from a bank or any other traditional money lender. A merchant cash advance can be your solution to access immediate business funding that you need to stay competitive in your niche. Take a look at some of the benefits of a merchant cash advance for retail store funding.

High Approval Rates

Financing your retail store is easier with a merchant cash advance because of high approval rates. Unlike banks that take your credit score to sanction a business loan, merchant cash advance providers look into your incoming revenues and take into account future sales projections to assess eligibility. You can qualify for a merchant cash advance even if you have a less-than-perfect credit score. Retail store owners are good candidates for merchant cash advances provided they can prove good incoming revenues.

Fast Approval And Disbursement

Merchant cash advance providers offer easy and efficient retail store business funding processes. Your eligibility for a merchant cash advance can be ascertained very quickly after you submit an online application form. If you qualify and agree to the terms of the contract, the upfront lump sum amount can be transferred to your business bank account within hours or a few days. In exchange, you pay a percentage of daily or weekly revenues as well as applicable fees until the amount is paid back in full. When dealing with banks, it can take weeks or months before you see the loaned amount in your bank account.

Flexible Repayment Structuring

Technically, a merchant cash advance is not a loan. A merchant cash advance is an unsecured retail store financing solution that comes with a great deal of flexibility. This means that you do not have to put up assets such as your home or any business asset as collateral. Merchant cash advances are tied to future sales and repayments can be adjusted based on how your retail business is performing – you can pay off more when business is booming and you can remit less when business is slackening. Instead of making set payments every month over a fixed number of months as is the case with a bank loan, you have the flexibility to repay at a faster or slower pace, depending on the volume of business.

No Restriction On Use

There may be many reasons for financing your retail store. You may need fast financing to purchase inventory at discounted prices. You may want to use business funding to improve the décor and interiors of your retail store. You may have plans to open at a new location or implement an advertising campaign. You may want working capital to hire new staff and cover payroll. All these activities can help improve operations and increase business revenues. You can use a merchant cash advance for any of these business-related activities – there is no restriction as to how you can use the advanced amount.

There are countless ways you can use a merchant cash advance for your retail store business. To find out if you qualify, fill out an application form now!

Whether you need auto repair shop financing to cover planned or unexpected expenses, a merchant cash advance can be a quick and simple funding solution. Here’s a look at the nitty-gritty of merchant cash advances and how you can use them for your auto repair shop business.

How Does It Work?

A merchant cash advance is a quick and effective automotive business financing solution wherein an upfront lump sum is advanced to you in exchange for a percentage of your future business receivables. Companies that provide merchant cash advances have streamlined application and fast approval processes. Business owners simply have to furnish a few details pertaining to their business to set the approval process in motion. If they qualify and agree to fund terms, the upfront advanced amount can be transferred to their business bank account within a few hours or days and they are free to use it for any business-related purpose.

How Does It Differ From Bank Loan?

Business owners who are finding it hard to secure automotive business financing from traditional money lending sources may find it worthwhile to consider a merchant cash advance. Unlike banks, companies that offer merchant cash advances do not give major importance to credit scores and do not ask for collateral. Moreover, these companies offer flexible repayment terms. With merchant cash advances, your repayments can be daily or weekly, depending on what the contract states. Since repayments are tied to receivables, the actual amount you repay each time can vary – if the business is booming, you can repay more and if the business is slack, you can repay a smaller amount.

Use Amount To Cover Planned Expenses

You may use auto repair shop financing for several planned expenses such as replacing worn equipment, upgrading to new technologies, implementing a marketing campaign, remodeling premises, or opening at a new location. These activities can have a real impact on improving services, attracting new customers, or providing a boost to a flagging business. Whether you want to purchase new equipment such as a cutting-edge diagnostic system, vehicle lift, brake lathe, or engine hoist, a merchant cash advance can be the perfect solution to cover expenses. No funding request is too small or too big for companies that provide merchant cash advances, so you don’t need to hesitate while applying for this type of automotive business funding.

Use Amount To Cover Unexpected Expenses

It’s not uncommon for automotive business shop owners to encounter unexpected circumstances that call for quick automotive business funding solutions. For example, you may be in a peculiar situation where there are a huge number of customers requesting services or an unusual number of customers requesting the same service. You may need a quick infusion of funds to quickly purchase inventory and meet increased demand. Or you may need additional working capital to pay for operational expenses such as salaries, utilities, or rent. A merchant cash advance can prove to be very handy in either situation.

Interested in availing of a merchant cash advance? For best outcomes, partner a well-established and reliable company offering quick and easy approvals!

Commercial trucking is a lucrative but competitive industry where business owners need quick and simple trucking company funding solutions to improve operations and expand the business. Merchant cash advances (MCAs) have emerged as attractive alternate financing solutions for trucking business owners. Take a look at what a merchant cash advance can do for your trucking business.

Provide Access to Quick, Hassle-Free Funding

Due to various reasons such as administrative red tape and less-than-perfect credit score, many business owners have trouble accessing trucking company funding from traditional money lenders such as banks when they need it the most. On the other hand, companies that offer MCAs provide a simple application process, fast approvals (24 hours to 3 days is the average time it takes to get approval) quick access to financing and flexible repayment terms. To qualify, you don’t need collateral or a perfect credit score. Instead, the funding company looks at historical business revenues and your ability to pay back in the future. Repayments are done in a phased manner and are usually a percentage of future receivables.

Funding to Expand Your Fleet

With a merchant cash advance for trucking business funding, you may consider expanding your fleet to take on more jobs, increase revenues, and improve your standing in the industry. It’s no secret that customers consider trucking business owners with larger fleets to be more reliable and developing your fleet early on is a great way to position yourself as a respected/trustworthy service provider in this competitive industry. Besides, fleet expansion can lead to various economies such as savings on the cost of shipping per mile.

Funding To Hire Qualified Drivers

It would weigh heavily on your trucking business if you had to turn down jobs due to a lack of drivers. Having enough drivers for your fleet is necessary for long-term success. You can consider using trucking business funding to recruit more drivers and making investments in their training, licensing, insurance. You can also use the funding to budget for potential union expenses or uniforms. The beauty of a merchant cash advance is that it can be used for any purpose – there is no restriction as to how you can use financing to grow or expand your business.

Funding To Invest In Latest Technology

Purchasing the latest high-tech solutions such as improved camera systems, electronic logging systems, automated data systems, and enhanced routing systems can make your commercial trucking business more lean, efficient, and safe. Updating technology is imperative to remain competitive in this industry; however, the high costs of new technologies are the primary reason to hold back business owners from making an investment. Also, banks are less welcoming of small business owners looking for commercial truck business financing. Companies that offer merchant cash advances welcome funding requests from all types of industries and businesses. It will be much easier to secure a merchant cash advance and use the advanced amount to upgrade technology.

If you want to succeed in the commercial trucking industry, start setting goals and make plans to grow. And to get the necessary commercial truck business funding to implement your plans, apply for a fast and easy merchant cash advance from a reputed company.

Running a successful automotive business requires an expenditure on day-to-day operations as well as expenditure on growth activities. When you’re short of funds and you need quick automotive business financing, a merchant cash advance can be an excellent solution. Here’s how merchant cash advances work and how you can best utilize cash advances to keep your automotive business competitive.

Repay From Future Earnings

Automotive business financing through a merchant cash advance can provide you with a lump sum of cash within a matter of hours or days. Funding approval is determined by expectations of future earnings. Under the merchant cash advance model, the borrower commits to remitting a portion of future receivables till the entire advanced amount and applicable charges are paid off. Unlike bank loans, there is no need for putting up collateral and you have the flexibility to pay more or less based on earnings.

Not Like Bank Loans

A merchant cash advance is an excellent solution for small business capital funding. Most traditional lending institutions are wary about lending to small businesses and may ask for collateral even if they approve. They consider various factors including credit score and credit history for approval – you may become ineligible for a bank loan if you have a healthy business but less than perfect credit score. Moreover, traditional lending institutes typically have lengthy, complex application processes, and months may pass by before you have the funds.

Easy Application Process

Although there are many small business capital funding options, merchant cash advances shine because providers don’t consider your credit score for approval. Providers of merchant cash advances offer simple, straightforward, and efficient application processes – you simply have to fill out an online application form, providing basic information about your business and business performance in the past few months. Approval rates are high and if you qualify, funds can be wired to your business bank account within hours or days.

Use To Cover Operational Expenses

Merchant cash advance providers welcome funding requests of all sizes. Whether you need a small amount of automotive business funding to cover daily expenses or a larger amount on a business opportunity, you may consider the merchant cash advance solution. If you need additional working capital to cover unexpected expenses such as equipment breakdown or cover payroll in a lean period, a merchant cash advance can come to your rescue and help you keep your business running smoothly and efficiently.

Use To Fund Growth Activities

A smart way to use automotive business funding is by investing in technology upgrades. For example, purchasing a state-of-the-art vehicle diagnostic system can help your staff perform accurate vehicle inspections on the latest cars that are heavily computerized. You may use a merchant cash advance to carry out renovations that can ultimately lead to new customers and more satisfied customers. For instance, you can add new furniture or utilities to provide a more comfortable waiting room experience.

You may also use the lump sum advance to open at a new location to meet the needs of customers in the surrounding areas.

For best outcomes, partner with a reputed provider of merchant cash advances. Plan by filling out an online application and see if you qualify!