Is it Time for a Merchant Cash Advance?
Finding the right short-term financing can be difficult, but it is essential, because having the working capital to take advantage of opportunities as they arise is the best way to grow your business. There are a variety of ways to find this kind of credit, but not all of them work in every industry. If your business does a significant amount of its sales through credit card transactions, then a merchant cash advance (MCA) can be a great way to access the financing you need for seasonal turn-overs, inventory purchases, and even renovation costs.
How MCAs Work
When you apply for an advance that uses your merchant account, a Jackson Ventures associate reviews your records to determine your average monthly volume of credit card receipts. This lets them calculate an advance amount, and after the cash is distributed your repayment is tied to your account transactions. That means that when you do more business, you will make a bigger payment, allowing you to pay down the advance faster, but when business hits a lull, the payment will flex with it.
- Fast cash—up to $200,000
- No loss of equity
- Minimal paperwork
- No application fees or closing costs
Contact us today to start an application for your merchant cash advance.