Merchant Cash Advance
Are You Looking for Alternative Small Business Financing? Get a Merchant Cash Advance
As a small business owner, you may have had difficulty qualifying for a traditional small business loan, especially if your business is young. However, there may be an option you haven’t considered, a merchant cash advance. Here’s how we at Green Wing Commercial Capital can help.
What They Are
A merchant cash advance is an alternative loan that is taken against your credit card receipts. You may be approved for an advance based on your average sales if you allow purchases using any credit cards, such as:
- American Express
How They Work
After you complete an application and provide us with some financial information, your credit and that of your business may be checked, but your advance is not based solely on your scores. Once approved, you should receive your funds within seven days, which is much quicker than a traditional loan. Instead of paying a set loan payment, we take a portion of your credit card receipts until the loan is repaid.
How You Benefit
With traditional loans, you have to disclose how you will use the money, but no such disclosure is required for an advance. There are no application fees, closing costs or collateral requirements. In addition, this loan also has no effect on your equity. Our merchant cash advances feature:
- Up to $200,000 per business location
- Flexible payment methods
- No balloon payments
- No prepayment penalties
If your business needs an influx of cash, contact Green Wing Commercial Capital today and ask about a merchant cash advance.