A Complete Guide to Merchant Cash Advances (MCAs) For Small Businesses

Are you a small business owner who struggles to fund your day-to-day business operations? If you answered yes, you’re definitely not alone. Many business owners find themselves in the same situation, with little to no capital on hand to cover various expenses, such as expansion, renovation, or emergency costs. 

Sure, you have the option of taking out a loan from the bank. But what if your credit score is less than stellar? Getting approved is unlikely. Not to mention, you may have to spend a ton of time filing heaps of paperwork only to end up getting your loan application rejected.

At Blursoft, we aim to provide an alternative solution to one of the most common problems of small business owners. Through our Merchant Cash Advances (MCAs), you can finally gain access to much-needed capital at competitive rates.

What is a Merchant Cash Advance?

If you can’t borrow money from traditional lending options, it’s time to give a merchant cash advance a more serious consideration. This isn’t your typical loan where you’ll take out a pre-determined loan amount and make payments throughout the loan term. Instead, you’ll receive a lump sum amount based on your credit card receipts. You’ll pay for the merchant cash advance with a percentage of your daily credit card sales.

As you can imagine, this alternative form of financial relief can hold the key to giving your business new life. Many businesses rely on a merchant cash advance not only to keep them afloat but to fund their growth and expansion. Essentially, you’re getting cash leveraged against future sales. If your small business has a high volume of credit card sales, this can prove to be the missing piece to your financial puzzle.

The Benefits of Using a Merchant Cash Advance

1. Fast access to cash

The primary benefit of using a merchant cash advance is that it gives you extremely fast access to cash. At Blursoft, we can transfer funds to your account in as little as 24 hours. Our loan specialists understand that time is of the essence for many small business owners. As a result, we take pride in our fast approval process to help you leverage the cash you need to boost your business.

2. Good credit score isn’t necessary

Another reason why merchant cash advances are getting popular is that you don’t need a good credit score to get approved. Our loan specialists put more weight on your credit card sales and non-invoice sales numbers. As long as you can show your ability to cover the repayment terms, you can rest assured that you’ll get approved for our merchant cash advance.

3. Flexible repayment terms

You’d want to choose us as your merchant cash advance provider because we offer flexible repayment terms. Our loan specialists will discuss the available options to ensure that you’ll feel comfortable with your repayment schedule.

4. Freedom to use funds

Traditional loans limit how you can use your newly acquired funds. For merchant cash advances, you have total control over how to spend the money. We impose no stipulations on how you should use the cash. Whether you want to increase your cash flow, purchase inventory at huge discounts, pay for debts, or cover unplanned expenses, it’s all on you how to use the funds.

Apply for a Merchant Cash Advance Today

If you think that a merchant cash advance has room in your business strategy, feel free to get in touch with us. You can use our online application to get started. A loan specialist will reach out to you and discuss the terms of your merchant cash advance. And in as fast as 24 hours, you’ll be notified regarding the status of your application.