How You Can Use the Simple Merchant Cash Advances Financing Option
In the modern world of business, it is incredibly common to use financing to pursue company improvements or simply to get business owners back on their feet. However, many business owners are hesitant to apply because of the risk of accumulating debt or the difficulty in being approved. In reality, it is possible to completely avoid these challenges by choosing the right kind of loan. Swiftridge Capital is committed to working with you to determine the best financing option for your situation specifically. The merchant cash advance is one of the most appealing and beneficial types of loans. Learn more about cash advances to see if it is right for your business.
What Makes a Cash Advance Different?
Unlike traditional loans, cash advances do not have set payments each month. Instead, a small percentage of your credit card sales is taken. Not only does this make it easier to repay your loan, it means your loan is more versatile because less is taken during slower months. It is also much more difficult to accumulate debt. Some of the other benefits include:
- No closing costs
- Simple qualifications
- Little paperwork
- No required collateral
- Short approval time
- No upfront fees
Turn to Swiftridge Capital to learn whether a merchant cash advance can help your small business thrive.