Merchant cash advances (MCAs) are not loans, but the cash they provide to businesses allows owners to invest in those businesses in necessary and valuable ways so that they can grow. MCAs can help businesses that don't qualify for bank loans because they use different criteria. Instead of relying mainly on credit rating and availability of collateral, MCA providers like Quikstone Capital Solutions look at the longevity of the business and the amount of sales over time.
Whereas bank loans can take weeks or even months to disperse funds, providers like Quikstone Capital Solutions can get cash for their businesses in as little as seven days. That time frame could be even shorter if the business already uses Sterling Payment Technologies to process payments. MCAs can be the answer to imminent needs like replacing broken equipment as well as a way to leverage growth for future profits.
Advantages of Quikstone Capital Solutions
Quikstone Capital Solutions offers many advantages as a provider of MCAs. Sterling has decades of experience as a funding partner for business owners who need capital to grow their companies. Unlike some merchant cash advance providers, Quikstone Capital Solutions offers personal consultations to help you decide whether a merchant cash advance is the best option for your business.
Sterling works hard to help business owners find solutions to their capital problems that won't harm their businesses in the long run. The success of a merchant cash advance often depends on whether a business can get a return on investment from the advance. Quikstone Capital Solutions provides help with planning and ideas so that businesses can maximize the impact of a merchant cash advance.
Many MCA providers are looking to get their product into as many hands as possible, even if the business isn't one that can make good use of an MCA. Quikstone Capital Solutions, on the other hand, takes pride in the fact that they act in the best interest of their customers -- even if it costs them business. It's not a totally unselfish position, since customers who aren't right for MCAs are less likely to be able to pay them back, which would cost Sterling money.
Rather than look solely at making money from business owners, however, Sterling wants to be a funding partner that works together with owners to benefit businesses. Going above and beyond dispersing cash ensures that business needs are met, business owners are supported, and everyone benefits.
Ease of Use Helps Businesses Stay on Track
Using formulas to determine the optimal amount for a business to take as an advance is one way Quikstone Capital Solutions makes sure businesses are protected from an undue burden. Easy, automatic payments of a fixed percentage of daily sales give businesses the flexibility of paying less when sales are lower and more when they are higher. Unlike other forms of business financing, there is no set repayment period for MCAs. They are repaid according to the agreed-upon percentage of daily sales, which continues to be debited until the repayment amount is reached.
