How Does a Merchant Cash Advance Work?

As a business owner you know that from time to time you need access to additional capital in order to insure that your company continues to grow. Well as you probably already have discovered the amount of capital available to small business owners has become increasingly more difficult to obtain. With major banks merging, being taken over by the government or simply going out of business entirely the ability for business owners like yourself to get the money you need for your business has never been more difficult.

Traditional business loans not only require an extremely high credit score, collateral, and personal guarantees they also require set monthly payments, if business happens to be slower than usual for a few months your lender will still require you to send in the full payment. Perhaps yours is a seasonal business and you have large fluctuations in your monthly sales. With a traditional business loan you are still required to make your standard monthly payments with no regard to your monthly sales volume.

Here is how a business cash advance differs greatly from a business loan, with a merchant cash advance from Pro Business Capital the repayment is based on your future sales. We care more about your future than your past. Working with your credit card processor we collect a small agreed upon percentage of your credit card sales over the next 6-12 months until the advance is paid back. So when sales are up the repayment is higher and if sales are slow the amount of your repayment is less. There are no checks to write and never a late payment. If you had a few slow months or are a seasonal business your repayment ebbs and flows right along side your sales. We don’t get paid until you do.