Merchant Cash Advance is a structured lump-sum payment method that was started by business owners, and for business owners at a small scale. But today, it has become a multi-million dollar industry spawning and expanding all over the world and is used by many people from many different fields because of the fast loans that they offer. But in their heart, they still stay concentrated on providing the best business loans to small businesses.
Mission of Merchant Cash Advance
The movement of Merchant Cash Advance was started to parallel the monopoly of banks and their systems. Banks which are privatized businesses themselves have turned up against businesses to redefine themselves as completely separate industries, even though they still stay completely for profit.
Merchant Cash Advance, on the other hand, is a focused endeavor of a democratic union of businessmen who help fund many small and big businesses by providing them with easy and fast business loans.
It sounds astounding as to how they are able to provide the best business loans so fast and without much detailed discussion on the table. But do not let this misguide you into thinking that Merchant Cash Advance is just an easy cash scheme done to con small business owners into getting brutalizing business loans.
Understanding Merchant Cash Advance
Business loans in Merchant Cash Advance are processed directly through business loan lenders and without any need for any third party brokers. The prospective debtor is encouraged to look for the Merchant Cash Advance lender by him/herself. As the internet is filled with many kinds of Merchant Cash Advance lenders, it becomes the responsibility of the best business loan seeker to do his/her own background checks and make sure that the lender he/she is approaching suits the debtor the best.
Following that, the debtor then contacts and proposes the best business loan details alongside his/her own business prospectus. Once the lender goes through the proposal, he/she gives the verdict and then chooses to accept or reject the proposal. Since the acceptance rate in Merchant Cash Advance is really high, the chance of your proposal being rejected is quite slim. Even if you have low credit, it does not matter with Merchant Cash Advance, as the lender is a business owner him/herself and understands that the only thing of value in business is, well, your business.
Afterward, the debtor and the lender conduct a meeting to negotiate the details of the best business loan in detail. The whole deal happens in complete transparency and only when both parties are completely satisfied with the final policies and verdict, do they sign the contract and go their separate ways. In less than a day after that, the lender transfers the complete business loan amount in a lump sum to the debtor.
Finally, the debtor is allowed to use this money, however, the way he/she wants. And the repayment happens by using the debtor’s future credit card sales. And hence, the whole process is designed to take the considerations of the business loan debtors.