Perks of a Merchant Cash Advance

  • January 6, 2020
  • By Sarah Solomon

Small Business owners need capital to survive.  There are various working capital options available, however, some options are better for your business than others.  Typically, many small businesses try to find banks that are willing to lend them money. Unfortunately, small businesses tend to not qualify for the banks. Even if they do, small businesses endure a long and grueling process to even obtain capital.  

Which working capital option is best for you?  If your business is in need of capital and wants it fast, a merchant cash advance may be the product for you.  A merchant cash advance is a quick way to receive funding without facing difficult regulations and requirements.  

Quick Transaction 

When applying for a merchant cash advance, you won’t have to wait very long to receive your capital.  With REIL, we have provided our clients with funding in as little as 24 hours. The sooner you fill out an application, the faster the funds will be deposited in your account.  REIL emphasizes a smooth and easy transaction. Our main goal is to get your business the lump sum amount it needs, efficiently and successfully. 

Credit Score isn’t Important 

The qualifications for a merchant cash advance aren’t rigorous.  Unlike a bank, to receive funds/ cash advance your credit score does not have to be stellar.  The application for a merchant cash advance can be completed online within a matter of minutes.  The most important requirement for cash advance providers to see is that their applicant makes a certain amount of business sales each month.  This way, the lender can devise an amount of capital they know you can pay back. Therefore, if your business makes frequent and consistent sales, a cash advance is definitely a viable option. 

Free Use and Spending Power 

Many business loans come with restrictions on how your company can use the money.  Merchant cash advances have no restrictions. The money is yours to use as you please, as long as it is ultimately paid back.  This is exactly why merchant cash advances are and have become so popular. You can use the funds to pay off debt, pay for a marketing campaign, or for inventory.  This flexibility of use gives your business plenty of opportunities. It’s your funds, you should spend them how you want. 

REIL Advice

If a merchant cash advance seems like the product for you, contact one of our REIL representatives today.  Merchant cash advances have numerous perks and we would love for you and your business to experience them. If your credit isn’t stellar but your sales are on point, this is definitely the product for you.  Let REIL help you and your business be successful.

One Comment

  1. It’s interesting to know that small business merchant cash advances would not take that long to receive. In that case, it is a good option for those who want to open up a small shop this year. I can imagine how huge a help it would be for aspiring business owners to achieve their dreams as soon as possible.

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