How Merchant Cash Advances Can Help Improve Your Business
Financing is a hugely beneficial option that all small business owners have at their disposal. Of course, there are many business owners who hesitate to take advantage of this tool because of the potential difficulty in being approved or the risk of accumulating debt. While these are real concerns, the truth is that choosing the right kind of loan that suits your unique situation eliminates these dangers. One of the most appealing and beneficial types of financing is the merchant cash advance. Turn to SkyBridge Capital and Marketing Group to learn more about how you can benefit from a cash advance.
How a Cash Advance Is Different
This unique type of financing is unlike other loans primarily in the way it is repaid. Instead of making set monthly payments, a portion of your credit card sales for each month is taken. This naturally makes it easy and safer to repay because less is owed after slower months. This also makes it ideal for businesses with inconsistent incomes or seasonal services. Some of the other benefits of a cash advance include:
- Less paperwork
- Simpler qualifications
- Shorter approval time
- No required collateral
- No upfront fees
- No closing costs
If you think your business could benefit from a cash advance, turn to SkyBridge Capital and Marketing Group.