1 / 6

What Are the Procedures To Get The Best Merchant Cash Advance?

Small business owners, small industry owners and professionals do face the occasional cash crunch. In such cases, traditional sources of funding take way too long when money is needed in a couple of days. This is where merchant cash advance comes to their rescue. There is no need to furnish guarantees, collateral or security and documentation is minimal. The Amount is disbursed in less than a week following the application. <br>

wscapnow
Download Presentation

What Are the Procedures To Get The Best Merchant Cash Advance?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What Are the Procedures To Get The Best Merchant Cash Advance?

  2. Small business owners, small industry owners and professionals do face the occasional cash crunch. In such cases, traditional sources of funding take way too long when money is needed in a couple of days. This is where merchant cash advance comes to their rescue. There is no need to furnish guarantees, collateral or security and documentation is minimal. The Amount is disbursed in less than a week following the application.

  3. It is usual for lenders of merchant cash advance to ask for documentation. Borrowers will find it easy to initiate an online process by filling in an online format the appropriate website. He may or may not be required to submit documents at this stage. If it is required, he may submit scanned copies of following documents: • Driver license as proof of identity and proof of residence or any similar acceptable documents • Bank statement for the last six months • Business tax returns may be optional • Card processing statements may be required by some lenders • Some lenders may ask for a voided business check. wscapnow.com

  4. On submission of the online form the borrower usually receives a call from the lender within a day. After a brief talk, the lender’s representative may ask for submission of a form and supporting documents. This may be paper-based or an online process. Once these are submitted the documents are verified and if the applicant is considered eligible he will receive notification of approval and funds will be deposited directly into his account. It is as simple as that. wscapnow.com

  5. However, before initiating the process, the borrower would do well to conduct due diligence. This means checking the upfront charges levied, factor rate and the repayment method as well as flexibility of lender to adapt terms should it be necessary afterwards. The best merchant cash advance can be obtained this way and can prove quite helpful for business growth. wscapnow.com

  6. Follow us https://twitter.com/wscapnow https://www.facebook.com/wscapnow/ https://www.pinterest.com/wscapnow/ https://plus.google.com/100345122896476929011 http://www.wscapnow.com/ info@wscapnow.com 800-589-4161 wscapnow.com

More Related