The economy has taken many wild dips and turns in the past couple of years. In fact, a serious change in small business lending has taken place for the better. Merchant Cash Advance, or, {MCA } can lend a hand in the success of small businesses across the country. Gone are the days when cash advances were only available to those with questionable credit that were trying to pay a bill. Today, small business owners have a new perspective on the tools and resources they use to grow their businesses. Small business lending via MCA is now a respected resource and shows no sign of declining and here, we’ll tell you why.
How loans via MCA can change your life.
The one element that makes or breaks a small business, especially one that’s just starting out is money, or, the lack thereof. But, smart business owners and business lenders know one important thing: small businesses are vital to a booming economy. They’re the lifeblood of towns and cities they serve. Small businesses are what create jobs so for the sake of local economies getting the money you need is vital.
So why a MCA?
A Merchant Cash Advance gives responsible small business owners the choices that are tailored to their needs. They don’t throw a net out into the business community and hope they can provide the products and tools you need. No, the MCA is a small business lending tool that gives you upfront benefits. They aren’t really loans as such, they’re more like a trade off.
- They provide your funds for whatever your business needs are. Then, your repayment plan is even simpler. The MCA company can take an agreed upon percentage of your future sales.There are choices as well depending on the MCA company you choose to work with. The repayment, in this case, is done through daily or weekly ACH { Automatic Clearing House} from your bank account on file. Another great feature is, you don’t have to be approved for the loan by stating exactly what you need it for. It could be capital or equipment; they sky’s the limit!
- Because your repayment plan is based on sales, it’s flexible and stress-free. There’s nothing worse than stressing out over how you’ll repay a loan as a small business owner.
- If you’re unable to secure a bank loan, and we’ll tell you, it’s hard out there, MCA’s will be the small business lending solution of choice for those in that position.
There are so many reasons why a small business lender can be the deciding factor as to whether or not your dreams come true.
There are just as many reasons to use a MCA that we could sit and talk about it for days. But, the most important part of it is to realize that this is the wave of the small business lending future. And, whether or not the economy is good or bad, these days, large corporations are set to lose more in a downturn. Small businesses have more value today than they have in a long time.