A merchant cash advance (MCA) from Fiscus Capital Funding could be the perfect solution for your business if you are looking for fast, easy access to capital. We offer merchant cash advances up to $1M with no personal guarantees or collateral required. In this blog post, we’ll discuss what a merchant cash advance is and whether it’s the right solution for your business. Keep reading to learn more!
The Basics of Merchant Cash Advances
A merchant cash advance is a type of financing that allows businesses to borrow money against future sales. The borrowed funds can be used for any business purpose, and repayment is typically made through a percentage of daily credit card sales. merchant cash advances are typically repaid within six to 18 months.
Pros and Cons of Merchant Cash Advances
There are both pros and cons to merchant cash advances. Some of the benefits of merchant cash advances include:
• Fast and easy access to capital
• No personal guarantees or collateral required
• Flexible repayment terms
• Can be used for any business purpose
Some of the drawbacks of merchant cash advances include:
• Short repayment terms
• Repayment is tied to credit card sales, so if sales are down, repayment may be more difficult
Is a Merchant Cash Advance Right for Your Business?
The answer to this question depends on your specific business needs. If you are looking for fast and easy access to capital, and you’re comfortable with the repayment terms, a merchant cash advance could be a good solution for your business. However, if you are not sure you can repay the loan within the specified time frame, or if you are concerned about high-interest rates, you may want to consider other financing options. If you have any questions about merchant cash advances, or if you are ready to apply, contact Fiscus Capital Funding today! We’re here to help you find the right financing solution for your business.
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