Get the Money You Need Quickly: Use a Merchant Cash Advance

Get the Money You Need Quickly: Use a Merchant Cash Advance

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Depending on each person’s specific situation, everyone will need some kind of alternative at some point. When you’re faced with a shop or another supplier that doesn’t have the product you want, you have to find another source. However, alternatives in personal life are generally a bit easier to find than in the business world.

For example, if you’re a merchant and you need cash to get you through a short period of time, what alternatives do you have? You can borrow money from a traditional lender, though working through your local bank for a “standard” cash-flow loan will involve time you may not have when you’re faced with payment demands.

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Try This Alternative

You may not want to go through the classic loan process or even take a cash advance from your credit card. However, if your shop accepts customer payments by credit card, you can usually get cash more quickly through a program designed specifically for businesses in this situation. You can also use documented receivables to get access to money that will take care of cash-flow issues.

You can get started today by contacting a representative at Liquid Finance in Surrey, a provider who can help by making decisions using basic credit information and an assessment of risk. Their analysis of the potential transaction will be a bit different than you’re used to if you have relied on existing banks in the past. One of the primary factors they will consider is daily receipts from credit-card transactions.

As a merchant, you’ll be committing funds from future sales via credit card to gain access to quick cash flow. It’s not a loan, so you should understand the interest rates can be a bit higher than your loan options. But what you invest in terms of commitment and interest costs you gain in ease of use and flexibility. The finance company bases the cash advance on your monthly figures from credit-card sales.

No Repayment Deadline

One of the significant differences with this type of financing is you won’t be facing a deadline for repayment at some predetermined point in the future. The company gets its money back by taking a percentage of future revenue, a figure agreed upon when you put the plan in place. This process will continue until the amount is paid. It’s a great idea when it’s time to get new equipment, expand the workplace, or make another growth move.

These finance specialists have already worked with many clients in an array of industries, so it’s a proven method of getting access to much-needed cash. This is a relatively simple process once you and the company determine how much you qualify for, and you can have the money you need in a matter of days. If you have a minimum 12 months of card-processing history, why not make the call today?

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