Is A Merchant Cash Advance Right For Your Business?

A merchant cash advance, also called an MCA, provides another way of financing to a traditional small-business loan. With an Merchant Cash Advance, a company hands you an upfront sum of cash that you repay using a percentage of your bank deposits.

This type of financing is designed for small to medium-sized businesses that need capital immediately and can be used to manage cash-flow shortages as well as cover a variety of short-term expenses.

There's much to think on when deciding if a MCA(Merchant Cash Advance) is right for your business. You must take into consideration all the factors that come with an MCA. Here are some things to consider if you're thinking or deciding on applying for one.

Factors:

• Quick to fund. You can apply for a merchant cash advance online — and get approved quickly — usually with minimal documentation required. Turbo Advance offers funding within 24 hours.

• Versatile requirements. Turbo Advance works with businesses with bad credit, startups, as well as those with previous financial difficulties. Plus, MCAs don’t typically require physical collateral to back up your financing. Turbo Advance will consider traditional requirements but may focus on your debit and credit card transactions or business revenue. Of course, the better your qualifications, the better factor rate you can receive.

Reach out to us today at deals@turbocapitaladvance.com!