Give N Grow Capital provides business cash advance for small business that is affordable to you based on your business financials. Apply Now!
Running a business is not a piece of cake that you can just start and sit back and relax. It looks smooth and easy to the eyes of the people who have never experienced anything related to running a business. It takes lot of hard work and pain to make your business stand tall in the market. Along with your efforts and hardship you need the funds required at the right time to ensure a business to run smoothly. Funds can be required for starting the business or for expansion of it or for the emergency expenses which occurs day and night.
To fight this immediate need and cash crunch, have ever thought of the best options that can help out as immediate as possible. This gets even worse especially when the normal routes of financing have been shut on your face with denial from banks. There is an option for the businesses that have credit card to use. Merchant Cash advance gives you the power of getting cash for the sale you are yet to register and complete. This helps in turning the sales of days to come into the cash flow for today. Merchant Cash Advance also known as Business Cash Advance, has to be the fastest, easier and safer way of get cash for your business at time of need.
How a Merchant Cash Advance works?
The first and most important requirement for getting a business cash advance is to have a credit card issued to your business. A business can sell a part of the future credit care sale, for example an amount of $50,000. Business will immediately get a lump sum amount of around $40,000 (Approximately 80% of limit, cash is issued against) from a business funding company. This company will collect the payment in parts, approximately 15% to 35% of every credit card sale till the point where the whole amount of $40,000 is recovered. And business can immediately use this amount to fulfill whatever issue they need to take care of.
What are the eligibility criteria?
Yes there are some criteria that a business needs to fulfill before they are eligible for Merchant Cash Advance. They are as follows –
• Business should have been established at least 6 months before.
• Your FICO score need to be over 500
• Your business account should have a deposit of at least $120,000 at the annual bases.
What are the formalities that you need to complete?
If you answered yes to all 3 questions, you’re in luck! All we need is:
• Complete the form provided by business funding company and get it fully signed.
• A credit card processing statement of at least last 3 months.
• Bank account statements of your business of at least last 3 months
Thus you can understand the importance of a source of immediate and fast cash to help you maintain the flow of work. Merchant Cash Advance or Business Cash Advance is certainly a very useful facility and every business should be prepared for it to attain at the time of need. To acquire Merchant Cash Advance facility you just need to go online and visit http://givengrowcapital.com/ and let a little burden of cash requirement go off your should to keep running your business smoothly.
Looking for Merchant Cash Advance? Give N Grow Capital offers best quick fast Easy Business Loans to help with your instant financing online. Apply for the loan now! We give you the funds you need, so you can grow your business!