Why choose a Merchant Cash Advance over other sources of capital?
Are you low on cash and need working capital to fund operations quickly? Don’t want the fixed monthly payment of a traditional business loan? A Merchant Cash Advance from Creek Capital, Inc. is the perfect solution for your business funding needs.
A Merchant Cash Advance is an excellent way to access working capital in a “cash-flow friendly” way by making daily remittances.
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What is a Merchant Cash Advance?
A Merchant Cash Advance is a type of funding that is not a loan. It is a purchase of a fixed dollar amount of a business’s future credit and debit card receivables.
How it Works
The Merchant Cash Advance provider purchases a specified dollar amount of your business’ future debit and credit card sales at a discount. Your business, instead of paying one large fixed monthly payment until a set maturity date like a loan, remits a fixed percentage of its daily debit and credit card revenue automatically until the specified amount of purchased receivables is remitted in full to the MCA provider.
How can I use the money from a Merchant Cash Advance?
Merchant Cash Advances from Creek Capital, Inc. can be used for any business related expenses, including but not limited to:
- Regular and/or On-Going Operations: paying employees, travel, training, and research and development
- Business Assets: equipment, inventory, paying vendors, vehicles and technology
- Cost Management: seasonal downturns, renovations, business improvements, mergers, acquisitions and business opportunities for expansion or growth
Advantages of a Merchant Cash Advance
You don’t need a stellar credit history to qualify.
Qualification for a Merchant Cash Advance is based primarily upon your business sales history.
Your business remits less on slow days and more on busy days to keep cash-flows smooth.
You don’t have to worry about fixed monthly payments during tough times
With a Merchant Cash Advance there is no set maturity date. This enables your business to be more flexible financially while fully funding all of its operations.
The remittances are automatic
A Merchant Cash Advance doesn’t require you to write any checks.
Faster & Easier than a traditional loan
Getting a Merchant Cash Advance is faster and easier than obtaining a traditional loan, making your much needed capital more accessible when you need it quickly.
Frequently Asked Questions about Merchant Cash Advances
What are the rates of a merchant cash advance?
Do I need to switch my credit card processing to get a business cash advance?
Is a merchant cash advance the same as a business loan?
Does a merchant cash advance build business credit?
Can I get a business cash advance if I don’t accept credit cards?
Is a Merchant Cash Advance the answer to your cash-flow problems?
Talk with us today to find the right solution to take your business to the next level and weather any challenges you might face.