Merchant Cash Advance

A merchant cash advance is a form of funding that is not a loan. Instead is an advance of cash to the business in return for a number of future sales, which is typically paid daily or weekly. These structures are typically quick to close and are much less dependent on the credit score of the business owner. Although merchant cash advances are easier to close, they are generally a more expensive form of financing versus alternatives.

Positives:

  • Fast funding and straight forward process
  • Focuses on the revenue of the business
  • Lower credit score can still qualify

Negatives:

  • Cost may be high

Good fit for:

  • Businesses that need funding right away
  • Business owners with lower credit scores
  • Businesses with limited credit history
Business owner looking at a tablet, holding a pen and receipt

Get the Financing You Need
To Grow Your Business

Let us help you take your business to the next level. Great Percent Finance understands the challenges that small and medium-sized businesses face when it comes to securing business funding. Schedule a free, no-obligation consultation, and let us help secure the capital you need to meet your business goals and grow your business.