The Simplicity of the Merchant Cash Advance
As a small business owner, you likely already know about financing as an option to help your business succeed. Traditional loans are not for everyone, however. A merchant cash advance is a unique type of financing that is more accessible, less risky, and more beneficial. Cash advances offer:
- Less paperwork
- Simple qualifications
- Short approval time
- No collateral
- No closing costs
- No upfront fees
How a Cash Advance Works
What sets a cash advance apart from other kinds of loans is the way it is repaid. You still make monthly payments, but the amount changes each month. Instead of a fixed payment, a small percent of your credit card sales is taken. This may seem like a small difference, but it has huge benefits. If you have a slow month, the amount you owe is lower. It is nearly impossible to accumulate debt because of bad sales.
EvolveFlex Finance Group is here to help your business succeed. We know that no two businesses are the same, so no two financing plans should be the same either. Whatever works for someone else may not work for you, which is why we always work with our clients, explaining complicated financial concepts, finding the right type of financing for them, and helping them get approved.