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CFA NewsroomBusiness FundingNewsSmall Business Tips7 Top Benefits of a Merchant Cash Advance for Businesses

7 Top Benefits of a Merchant Cash Advance for Businesses

Merchant cash advances are a convenient and new way for businesses to access capital especially when typical loans and lending seems out of reach. With just a few minimum requirements like taking card payments over £5000 per month, been trading for over 3 months with no adverse credit. No security needed or complicated business plans. Here are our top 7 reasons why you should consider an MCA for your business:

  1. Quick Access to Capital: MCAs provide a swift and straightforward way to access capital. The application and approval process is often much faster than traditional loans, which is crucial for businesses needing immediate funds for opportunities or emergencies.
  2. Flexible Repayment: Unlike traditional loans with fixed monthly payments, MCAs offer flexibility in repayment. Payments are tied to daily credit card sales, so you pay more when sales are high and less during slower periods. This adaptable structure helps businesses manage cash flow effectively.
  3. No Collateral Required: MCAs are unsecured, meaning you don’t need to provide collateral to secure the advance. This reduces the risk to your assets, making it a suitable option for businesses that don’t have substantial collateral to offer.
  4. Credit Score Flexibility: MCAs typically have more lenient credit score requirements compared to traditional loans. This makes them accessible to businesses with less-than-perfect credit histories.
  5. Easy Application Process: MCA applications are generally less cumbersome than traditional loans. The focus is primarily on your business’s daily credit card sales, which simplifies the qualification process.
  6. No Equity Dilution: Unlike equity financing where you give up a share of your business, MCAs don’t involve any equity dilution. You retain full ownership and control of your company.
  7. Use of Funds: MCAs allow you to use the funds for various business needs, from inventory purchases and marketing campaigns to equipment upgrades and renovations. The versatility of the capital makes it valuable for a wide range of businesses.

These benefits make Merchant Cash Advances a valuable financing option for small businesses seeking quick and flexible access to capital without the stringent requirements and fixed payments of traditional loans. It’s essential to thoroughly understand the terms associated with MCAs to make an informed decision that aligns with your business’s financial goals.

Want to discuss a Merchant Cash Advance with us? It’s simple, easy and perfect for more businesses.

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