Is all the necessary paper work for your loan application making you jittery? Are you annoyed by all the invasive concerns you need to solution to procure a bank loan? Are you worried that the fall of bank financing post the international credit crisis will leave your service short of funds? Are you searching for a quickly, efficient and efficient alternative to conventional bank loans? Merchant money advance is the answer to your issues if yes.
Merchant cash loan (MCA) supplies you with a terrific method to procure funding for your company without the inconveniences of conventional bank loans. Keep reading to discover out why you ought to pick an MCA over sluggish and expensive traditional loans.
Quick Processing and Turnaround
Unlike conventional loan applications in Gauteng that take weeks and even months to get processed, your merchant cash advance application is processed within 2 to 3 days. If sanctioned, your merchant cash advance funding will be launched within a week, in some cases even within 48 hours.
While conventional bank loans ask you for all sort of financial documents, you do not have to provide your financial statements, income tax return or other asset documentation to merchant money advance companies. You likewise prevent invasive and unneeded questioning that is an integral part of the traditional bank financing industry.
No Upfront Charges
Unlike standard bank loans, you don’t need to pay any upfront costs including application charges and closing expenses for merchant cash advance.
High Approval Rate
Unlike banks, merchant cash advance companies are not fussy about approving applications. Financing requirements do not consist of low FICO and earlier personal bankruptcies as requirements for denial. Your application is judged just on 2 factors alone, variety of months in company and monthly credit card sales. A poor credit report holds little value.
Are you tired of waiting for banks to process your loan application? Are you annoyed by all the invasive questions you need to answer to procure a bank loan? Are you looking for a quickly, effective and reliable substitute for traditional bank loans?