Merchant Cash Advance FAQs
NO! There is no cost or obligation associated with submitting the application and accompanying information. Once submitted we will provide you a proposal for funding and you can make the best decision for your business.
Merchant Capital Source places no restrictions on how you choose to use the cash. Common uses include the purchase of inventory, purchase of equipment, remodeling, expansion, advertising, payoff debt and taxes.
We often offer larger advances, and loans, at better terms then our competitors and will pay off your existing advance if it is in your business’s best interest. Contact us and find out how much you are qualified to receive – please have your current balance from your current provider available when you call.
Our product is an advance, not a loan. As long as you qualify and meet our requirements we can provide you the cash very quickly without affecting your other obligations. Whether you have a secured business loan, a bad credit business loans or unsecured small business loans we can still work with you. Furthermore, because our obligation does not appear on your credit report as a trade line we do not encumber you and your business from receiving a loan once we are in place.
We work seamlessly with your credit card processor, or set you up on an ACH payment system, to take a small percentage of your daily Visa/Mastercard sales. There are no payment coupons, late fees or prepayment penalties.
If you have been in business more than 6 months, then we can most likely qualify the business for financing. Submit an application today to get the process started.
We purchase a set dollar amount of your future Visa/Mastercard sales at a discount, in exchange we pay you cash today. Then, through an automated process, we seamlessly collect the set dollar amount by taking a small percentage from each of your future Visa/Mastercard sales. Our merchant cash advances are a terrific alternative to those who have been unsuccessful in obtaining business loans.
We are not a traditional source of financing! No hoops to jump through, no tax returns, no personal liens, no cumbersome fixed loan repayments keeping you up at night and no bankers saying “no.“
Unlike traditional loans, there are no fixed payments to worry about. We simply buy a portion of your future Visa/Mastercard receipts; in exchange we pay you cash today and, here is the best part, we only get paid as quickly as your business allows. In other words, the amount that you pay MCS each month is determined by how well your business performs. We are true partners in your success.