
MERCHANT CASH ADVANCE
Get your money faster and easier than with a traditional loan
This is a one time, lump sum advance in exchange for a percentage of your future sales. A cash advance is not a loan, has no interest rate and will not appear in your balance sheet as financial debt. This provides an alternative financial solution for business owners that do not qualify for a short term loan.
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Funding max of $2,500,000
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Term lengths between 2 and 18 months
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No collateral required
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Repayment via automated ACH debit – daily or weekly
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The difference between the amount you receive and the amount of your future sales you sell is tax deductible (consult your accountant)
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Builds business credit
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Same day approvals
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Funding within 1 business day
Example:
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You agree to sell $24,000 of your sales over the next 12 months, for $20,000 today.
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Every business day, for the next 12 months, a small percentage (usually 10% or less) of your daily sales is remitted to the purchaser via automated ACH withdrawal from your business bank account.
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This is a fixed dollar amount and in this case, would be $100/day. By setting a fixed daily (or weekly) dollar amount, it simplifies accounting and allows you to properly manage your cash flow