123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Reasons Why People Prefer Merchant Cash Advance Over Business Loan

By Author: Merchant Cash
Total Articles: 5

The Merchant Cash Advance is an effective way to get money to cope up with any economic difficulties in business. It is also considered as a help in hand option for business seeking out help in terms of money. It is a novel as well as another way of getting business loan.

It is totally different from the traditional business loan or funding programs. Now a day more and more people are opting towards it and preferring it on traditional business loans. Let’s find out the reason why people are approaching this instead of traditional loans.

Quicker processing

While opting for any kind of load whether a personal loan or a business loan mostly people opt for the one that has quicker processing. This is the main reason of people’s approach towards Merchant Cash Advance. It takes only few days in processing whereas other business loans takes weeks or month for the same. You can also find providers giving approval within 24hours and transfer funds within a week.

No interference in the use of funds

Another reason that attracts people towards MCA (Merchant Cash Advance) is zero interference in the se of funds. The providers don’t have any interference in the use or development of MCA. This is a right of the business owner how he wants to utilise it or in what way he is going to use this fund. The business owner can use it in any way as per their desire they can use it for paying rents, bills, expenses, tax payment, etc. On the same side they can use this fund for paying off their personal obligations.

Simple application process

The proverb “NO PAINS, NO GAINS” is not applicable in case of Merchant Cash Advance. On the other hand banks ask investigative questions and insist on detailed business proposals. The MCA providers only need months in business and monthly credit card receipts. The MCA application criteria’s are very simple a person has to be in business for at least nine months as well as monthly credit card receipts of average $5,000. They don’t require any document evidences like financial statement or tax return form and don’t include any incidental charges or application charges. In this case online approval is also achievable.

Higher approval rate

Poor credit history, bankruptcies and low FICO is not considered as the factor for disqualifying a person for getting MCAs. There are a numerous providers available that calculate business performance for funding.

No security required

The most positive aspect of Merchant Cash Advance is that it does not require any kind of security in case a business is not doing well. It is considered as a great aspect for small businesses. In simple terms we can say that it is a fortunate thing for small business.

The Merchant Cash Advance is an effective way to get money to cope up with any economic difficulties in business.

Total Views: 70Word Count: 479See All articles From Author

Business Articles

1. Eglobedata Released Most Accurate Real Estate Industry Email List And Build New Revenue Streams
Author: Brayden Tyler

2. Switch To Pharmacists Email List For Getting Cost Effective And Good Return
Author: Andrew Rayel

3. Explore An Opportunity For New Business Prospects With Business Development Executives Email Lists
Author: Charles Daniel

4. Ideal Instrument Services Are The Leading Dealer And Distributor Of Mitutoyo Products In Pune
Author: biz porto

5. Landed House Exterior Contractor – A Preferred Landed Property Renovation Contractor Singapore Can S
Author: James Han

6. Why You May Need A Photobooth On Your Big Day
Author: William

7. Carpet Styles
Author: Barry’s My Carpet Inc.

8. Trade Show Display Rental- All You Require For Incredible Brand Value
Author: Daniel Wilson

9. Scada Free – Access Data From Remote Location Easily With The Help Of Web Scada !
Author: Archer Finch

10. Try A Herding Class With Your Dog Part - I
Author: Unknown Member

11. Documentation Of Employee Discussions Is All Important
Author: NetZealous LLC, DBA TrainHR

12. Try A Herding Class With Your Dog
Author: Unknown Member

13. Best Scar Removal Creams
Author: 123fixscar

14. Why Should You Hire Huntington Beach Dry Cleansing Service Provider?
Author: Robert Paul

15. Rajasthan College Of Engineering For Women
Author: Rajasthan College of Engineering for Women

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: