Using the Simple Merchant Cash Advances Financing Option
There are many different kinds of small business loans that you can take advantage of, and each of them has their own set of advantages and disadvantages. One of the most beneficial types of financing is the merchant cash advance. It has the advantage of being incredibly accessible and simple to repay. This is hugely beneficial in a world where small business owners need to be wary of accumulating debt or worry about not qualifying for a loan. Priority Commercial Lending is prepared to help you undertake the application process and help you receive the capital you need to succeed.
What Makes a Cash Advance Different?
The biggest difference between a cash advance and a traditional loan is the way it is repaid. Instead of making set payments, a small portion of your credit card sales for each month is allocated to repaying the loan. This makes it difficult to accumulate debt because less is owed at the end of slower months. If you have uneven income curves or run a seasonal business, a cash advance could definitely be for you. The other benefits include:
- Simple qualifications
- Little paperwork
- No required collateral
- No closing costs
- No upfront fees
- Short approval time
Turn to Priority Commercial Lending to get all the help you need with your small business loan.