Benefits of Credit Card Factoring with MerchantCashAdvance

Credit card factoring is an inexpensive and quick way to obtain financing for small businesses. Businesses that take advantage of credit card factoring options enjoy many benefits and have a higher chance of surviving the unpredictable business world. Additionally, clients that take advantage of this service through MerchantCashAdvance, find even more benefits for their small business.


Quick Approval and Access to Cash



Because MerchantCashAdvance is not a traditional lending institution or bank, we do not require the lengthy application process that you will find with traditional loans. Our application process is brief. We do not require our clients to provide us with collateral, or fill out page after page of applications. We make our cash advances quick and simple, so that our clients can have access to the working capital that the need as soon as possible. Approval is given within seven to ten business days. Once approved, our clients can look forward to having the money they need within 10 to 14 business days! It’s that simple!



Flexible Repayments



Once a client has received a cash advance through credit card factoring with MerchantCashAdvance, it is not required to pay regular monthly or fixed payments. Instead, our clients pay a fraction of the future credit card sales as repayment. The repayment process is automatic. Through credit card factoring, we take a pre-determined percentage of each day’s worth of credit card transactions. Therefore, on days where our clients make less revenue, we collect less. On days with higher revenue, we collect more, never exceeding the pre-determined percentage. We believe in our clients so much, that we only collect when they receive credit card revenue.



With our automatic repayment process, there is no fixed repayment period, so our clients can repay as quickly as their revenue allows. Once our clients have repaid 90% of their cash advance, they are eligible to reapply for further funding.



Improvement of the Firm’s Cash Flow



Small businesses benefit from credit card factoring services since it allows them to obtain an operating cash flow. This cash flow is important in keeping the business afloat, and protects it from going under due to lack of money that is either tied up at the transaction processing points or held up by customers who are slow to pay.



Greater Capital Access



Many traditional financial lending institutions hinder small businesses from accessing funding from them due to lack of collateral or poor credit. As a result, many small businesses find it difficult to stay afloat and many end up closing. However, credit card factoring companies, such as MerchantCashAdvance, have come up with ways of helping the small business stay afloat. In credit card factoring, small businesses can get cash advances in regard to future receivables in credit even if they do not have any collateral. And with MerchantCashAdvance, we do not turn clients away merely due to less-than-perfect credit.



Risk-Free Cash



Credit card factoring provides businesses with risk-free cash that can be used for daily operational expenses or any unforeseen emergencies. It is also helpful to small business who wish to expand their establishments without risking paying high-interest to traditional commercial banks.



Learn More



To learn more about credit card factoring and how to receive additional working capital through MerchantCashAdvance, call 800-503-1146. One of our educated financial specialists will be able to give you further information, as well as help you find a cash advance plan that best suits your business needs.