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Struggling with bad credit? Learn how to secure Merchant Cash Advance (MCA) funding. Focused on your businessu2019s revenue, not your credit score, MCA provides a flexible repayment option tied to future sales.<br>
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How Does MCA Funding Work? Merchant Cash Advance (MCA) is a type of financing that gives businesses the ability to sell its future sales for an upfront lump sum of working capital. Unlike traditional loans from traditional banks, MCAs don’t have fixed monthly payments or require perfect credit, making it a potentially great option for some small business owners.
How To Get MCA Funding with Bad Credit MCA providers focus on your business’s revenue rather than your credit score for eligibility, making it an option for businesses that have a steady cash flow but may have encountered credit challenges in the past. To get a business cash advance with bad credit, you’ll need to show consistent monthly revenue, usually through credit card transactions or other verifiable revenue streams.
Considerations for Merchant Cash Advance with Bad Credit Like any small business loan, it’s essential for small business owners to calculate the total repayment amount to determine if the MCA is feasible given your business’s cash flow. Remember that using an MCA for business financing is best suited for businesses that can sustain the high costs and have a clear plan for how to maximize the use of these funds.
Why Choose Biz2Credit? • Trusted partner for franchise funding • Biz2Credit was founded in 2007 and has provided more than $10 billion in loans. • Dedicated support team • Tailored financing solutions