Merchant Cash Advance in Canada- Best for Business Funding
Need a fast funding option for your immediate business capital needs? Merchant Cash Advance in Canada is the solution to look for. With quick approval, application process & minimal credit limitations, this financing solution is apt for small business funding.
What Does the Term Merchant Cash Advance Mean?
Merchant Cash Advance is a business financing option where you receive funds in exchange for a fixed percentage of your daily credit card sales.
Procedures to Follow for Merchant Cash Advance in Canada
MCA funding offers quick access to funds with a few simple steps:
Application
Apply for the Merchant Cash Advance option with a credit card sale record, combining other financial documents.
Approval
The lender assesses the credit card sales & fixes the terms with cash amount once the application is approved.
Fund Transfer
After approval, the funds are transferred to your business account.
Repayment Schedule
Merchant Cash Advance in Canada is based on credit card sales. As a result, the lender asks for a fixed percentage of daily sales rather than monthly instalments.
What Makes Business Cash Advance a Convenient Option?
Understand how a Cash Advance option provides easy access to business capital.
Quick Funding Solution
Merchant Cash Advances are different from traditional bank loans. You don’t need to wait for months to qualify for it. With bank statements, credit card history & few financial details you can apply for it.
Flexible Repayment
MCA is not based on a fixed interest rate like traditional bank loans. You have to repay a fixed percentage of your daily credit card sales.
How to Reach the Right Lenders for Merchant Cash Advance Loan?
Inquire about a few things before you settle with business financing firms for merchant cash advance loans .
Terms with Conditions
Look for a firm offering transparent MCA terms. Service Capital is a well-established firm known for its crystal-clear loan terms. Our customer support team is there to help you understand each detail for a trouble-free loan experience.
Flexibility in Repayment Terms
Go with a lender who offers flexible repayment terms to align with your business cash flow.
Sustain Cash Flow with Merchant Cash Advance
Finally, MCA is a great option for businesses struggling with seasonal fluctuations. It is ideal for temporary cash flow management. Considering everything above, you can reach the right firms for Merchant Cash Advance in Canada .
