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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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Get $10,000 to $5 Million in Cash For Your Small Business!

Approval Can Take As Little As 24 Hours

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.

Cash-flow friendly!

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?
The rates of a merchant cash advance will vary by the size of the advance, the perceived risk of the merchant and the term of the payback. Typically, a business will pay back between 20% and 40% of the amount borrowed with a merchant cash advance. In some cases, the rates can range as high as 60% of the amount borrowed.
Do I need to switch my credit card processing to get a business cash advance?
No, but it can affect the amount of capital your able to qualify for. Generally, you do have to switch your credit card processing and point of sale system to get a business cash advance. Cash advance companies measure your revenue through their own proprietary hardware and software that is built into the POS system.
Is a merchant cash advance the same as a business loan?
A merchant cash advance is not the same as a business loan. Though in both cases a merchant will get money up front to pay back at a later date, merchant cash advances are not legally defined as loans and are not reported to credit bureaus.
Does a merchant cash advance build business credit?
Merchant cash advances do not build business credit. Paying back any number of merchant cash advances completely will not improve your business credit.
Can I get a business cash advance if I don’t accept credit cards?
Yes! We have multiple programs to qualify your business for working capital without accepting credit cards. In some cases significant credit card sales are required to get cash advance financing. Cash advance companies measure your revenue by credit card volume going through their own proprietary POS systems.

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.

Other services that Creek Capital can provide include: