Bank loans are notoriously difficult to obtain for small businesses, leaving many owners to seek out a viable alternative.  Merchant cash advances have gained in popularity due to their fast and flexible nature, but it is important that you deal with a reputable lender, preferably one with experience in your industry.  Here we break down the must know components of a merchant cash advance.

What is a Merchant Cash Advance?

A merchant cash advance is not a loan. Cash advances provide business owners with access to much-needed cash, and typically have a fast turn-around time since they eliminate complicated application and approval processes. Moreover, desirable funding partners offer unique repayment options such as repayment using a portion of future sales.

What are the Common Uses of a Merchant Cash Advance?

Merchant cash advances are typically used for projects that owners know will drive immediate revenue. For example, a restaurant owner may use a merchant cash advance to purchase inventory before a holiday or busy time of the year; to renovate or expand their location; or they may use this type of funding to replace equipment that breaks unexpectedly.

What are the Benefits of a Merchant Cash Advance

The dynamic nature of a cash advance is obvious in terms of the exchange, as the business receives immediate capital in exchange for a percentage of future credit card sales.  However, cash advances offer these additional benefits to merchants:

• They are quicker to obtain than a traditional loan. Cash advances are approved in a matter of days whereas banks can take weeks or even months.

• Cash advances are easier to obtain than traditional loads, and if you work with the right partner, they also eliminate invoices, writing and mailing checks, and other tedious paperwork.

• Businesses that haven’t had much luck with banks are more successful with a merchant cash advance. Those who have been turned down for a loan or who have had credit problems can possibly obtain a merchant credit advance.

• If sales slow down, so does the amount paid to the funding partner since it is a percentage, not a fixed payment as with a traditional loan.

What do I get when I partner with Quikstone Capital Solutions?

When you choose Quikstone Capital for your business cash advance, you get a silent funding partner that cares about your success. We’re here to help you find the right solution to help your business profit and thrive.

We control both the credit decision and the funding process, so we can respond to your needs quickly. However, merchant cash advances are not for everyone. As your funding partner, you can count on us to:

• Tell you the truth - we’ll always act in your best interest, even if it costs us business

• Find solutions - tell us your issues or problems, and we’ll work with you to find solutions that protect your interests

• Help you plan - maximize your return on your cash advance with solid ideas to generate more sales and profit