Tag Archives: Merchant Cash Advance Live Transfers

merchant cash advance

Merchant Cash Advance in Three Simple Steps

If you are a startup or a small business, you will know how important it is to get some fast cash. Traditional business loans won’t do it for you as you may have to wait for months together to get the money. In most cases you may not even qualify for such loans. The perfect answer for your problem is the merchant cash advance.

Merchant cash advance can help you raise money in a quick and hassle-free way. Unlike the traditional business loans, merchant cash advances don’t involve extensive  paperwork. The process is very simple and straightforward.

There are many merchant cash advance providers who operate online. A couple such providers may even contact you directly by purchasing your details via merchant cash advance leads. If they are satisfied with the documents you provide, they can transfer the money within just about 72 hours. If you are in urgent need of money, either to pay off a debt or purchase inventory, an MCA could be really advantageous.

There are three steps involved in the process of applying for a merchant cash advance.

Step #1 – Setting up your account with an approved credit card processor

Merchant cash advance is an advance that you get against the purchase of future credit card receipts of your business. Therefore it is very important to set up an account with a credit card processor.Each MCA provider works with different credit card processors. If you already have an account with a credit card processor, you need to figure out if this processor has been approved by your provider. If not, you may have to set up a new account with one of the approved processors.

Step #2 – Submitting your application

Although the process of application is the same as that of any traditional commercial loan, the paperwork required in case of Merchant cash advance, is very minimal.  The documents that you need to submit include:

  • Your credit card processing statements for the past three to six months. (This will give the MCA provider a fair idea about the volume of credit card sales that you make in a month)
  • Your bank statements for the past three to six months
  • ID proof such as your driving license
  • A copy of a voided check
  • Your application, duly filled up and signed

Your application will be evaluated based on the duration for which you have been in business and the average monthly income of your business. This might vary from one provider to the other. While some MCA providers may necessitate duration of nine months in business, there may be others who may require at least one year. If the average monthly income of $5000 through credit card receipts should be okay with one provider, another might consider an even lower income.

Step #3 – Evaluating the contract

Once your application for Merchant cash advance is approved you will be required to sign a contract that specifies the amount of cash advance that you are about to receive and the fixed percentage of the monthly credit card receipts that the MCA provider would be receiving in return.It is very important to go through the contract carefully before you sign on the dotted line.

Remember – Merchant cash advance is not exactly a loan. You may get confused with the terms of the contract. As a merchant you are a seller here and not a borrower. You are selling a percentage of your credit card receipts in exchange for the cash that you receive as advance. Apart from the amount that you receive, the amount that you pay and the percentage of credit card sales, you need to also pay attention to penalties if any, in case any part of the agreement fails to be upheld.

Do your calculations and find out how much this cash advance will actually cost to your business. If it doesn’t seem viable, it is better to shop around and check with a few more MCA providers. You can choose from the many that contact you via

Merchant Cash Advance leads. read more

merchant cash advance lead, merchant cash advance live transfers, mca live transfers

Merchant Cash Advance Leads make a better option for MCA lenders

Merchant Cash Advance lenders have two options when it comes to finding small business owners who are in need of short-term financing – one is to hire MCA brokers and two is to buy Merchant Cash Advance Leads from professional lead generating firms.

A few years ago most such lenders would get their products sold through brokers who adopted the traditional door-to-door sales approach to gain customers. In fact this offline selling tactic continued even after Merchant Cash Advances started being offered online.

Merchant cash advances are available easily and there are many individuals and firms that offer them. Yet only one in every 10 brokers would manage to do good business. It is the crises of conscience they feel while hard selling this advance. They feel that the high-interest rates and unfair repayment schedules can end up killing the cash flow of their clients.

As an incentive to increase their sales, MCA lenders have started offering higher commissions to Merchant Cash Advance Brokers. For instance, a $20,000 MCA can get a broker a commission of $2,200. However, most Merchant Cash Advance brokers started resorting to unscrupulous tactics while selling these advances. The reason is that apart from MCAs, these brokers would also sell other short-term small business loans offered by different financing companies.

Most MCA firms and private lenders have now decided to cut down their dependency on third-party brokers. This can be taken as an advantage to the lead generating firms that offer

merchant cash advance leads read more

MCA LEads, MCA Live Leads, MCA Live Transfers, merchant cash advance leads, Merchant Cash Advance Live Leads, Merchant Cash Advance Live Transfers, merchant cash advance real time leads

What Should Small Business Owners look for, before Choosing the right Merchant Cash Advance Provider?

Merchant Cash Advances are easily available to Small Businesses, within a short span of time. However, as a small business owner, you will have to do your research before you zero in on the right MCA provider.

Not all MCA providers are similar.While some resort to deceitful practices, many of the Providers have been out of business since quite a few years now.  Nevertheless, there are plenty of providers available in the industry, some of whom may even try to contact you directly via

Merchant Cash Advance Leads read more

merchant cash advance lead, merchant cash advance live transfers, mca live transfers

How exactly does a Merchant Cash Advance Work?

Merchant cash advance is not like any other typical loan that involves monthly payments that need to be paid until the loan amount is paid off in full. It is a cash advance that is given to a small business in exchange of its future debit and credit card receipts.

The typical borrowers of

merchant cash advances read more

Merchant Cash Advance - 5 Prospective Clients to Focus on

When not to go for a Merchant Cash Advance

You may be eligible to apply for a merchant cash advance. Many MCA lenders may even have contacted you via Merchant Cash Advance Leads. However, this doesn’t mean you have to go for one, irrespective of the situation you are in.

Loans are always risky and merchant cash advances are not an exception to this rule. You will need a good volume of credit card sales transactions per month. Your business should be in a good condition to be able to repay the advance and yet operate successfully.

It is true that

Merchant Cash advances read more

Merchant Cash Advance leads, Merchant Cash Advance leads transfers , Merchant Cash Advance live leads, Merchant Cash Advance live transfer, Merchant Cash Advance live transfer leads,

Top 3 Reasons Why Small Businesses go for Merchant Cash Advances

Small Businesses that have emergency cash requirements either to run their operations or to expand, have limited options, when it comes to borrowing money. Although Merchant Cash Advances (MCAs) happen to their last resort, there are many that opt for this option.

Here are the top 3 reasons why small businesses choose merchant cash advances over other types of loans:

They are quick

About 24 to 48 hours is what you may have to wait if you want to get an MCA. In case of other types of loans the time taken from the application submission to the disbursement of advance could be anywhere between one to two months. MCAs seem to be the saviors of small businesses when they are pressed for time.

The paperwork involved in MCA is very less when compared to the other options. In fact many MCA lenders even operate online, making it easy for borrowers to fill up and submit their application along with the necessary documentation. If the lender is convinced, you may even get your loan approved within about 30 minutes of time. The documentation required for an MCA loan include:

  • Bank Statement for the previous six months or an year (depending upon the lender)
  • Daily credit card receipts for about a month or so to make sure if you can repay

It doesn’t take much time to get this documentation ready, which is why the process of application submission is the fastest here.

There is no worry of losing your home

Merchant Cash Advances read more

Merchant Cash Advance leads, Merchant Cash Advance leads transfers , Merchant Cash Advance live leads, Merchant Cash Advance live transfer, Merchant Cash Advance live transfer leads,

3 Tips that can be Incredibly Useful While Borrowing a Merchant Cash Advance

It is a norm to go for a traditional loan option, whenever a small business is in need of money. However, the application process here is very lengthy and you may have to qualify in order to apply for one. In case you are looking for a timely option a merchant cash advance could be your only alternative.

Many may not even be aware of the term merchant cash advance. Nevertheless, with time this industry has come a long way through and is expected to reach up to 10 billion dollars. Merchant Cash Advance for sure is big business.

Merchant cash advances are great options for those businesses that have a large volume of credit card sales transactions. They may work well for retail outlets, restaurants and departmental stores where there is a huge traffic on an everyday basis. A portion of the sales goes directly to the lender’s account whenever you swipe a customer’s credit card on your device.

Although easy to obtain, there are three things you need to know about

merchant cash advances read more