MCA AND BCA MERCHANT LOAN FUNDING PROCESS AND SAME DAY ANSWER
If you are a small business and looking to submit an application and receive an answer the same day for a merchant cash advance or business cash advance then look no further! With us there are no upfront fees, the application takes under two minutes, and the approval process is super quick under 24 hours. The first step is to fill out an application form. The process is quick and requires minimal documentation which includes four months of business bank statements. We have years of experience and have funded thousands of businesses by providing honest and professional business advice. As a business owner, we understand your time is valuable so we work diligently to have your application processed quickly in order to find you the most competitive offers and provide an answer the same day you apply and can provide funding as quickly as one day!
Business Cash Advance/Merchant Funding for Salons and Barbershops
Merchant funding and Business Cash Advances is a type of business financing that is repaid on daily basis as a percentage depending on your merchant sales and sales deposits. Hair salons, day spas, nail salons, barber shops, and massage parlors provide beauty and wellness services and there always new beauty trends coming up so it is important for salon businesses to stay up to date and see their business flourish. Having the availability of cash flow and funds available is important and there will be times when you will need funding but do not have the time to wait for a bank loan.
Compared to other business loans through traditional banks. Merchant cash advances does not place strict limitations on how you wish to use the funds. Funds can be used on the following:
- Salon Improvements such as renovations, signage, additional staffing
- Upgrade restrooms and hair washing stations
- Replace equipment
- Update POS Systems
- Update Salon Website
- Staff Uniforms
- Balancing cash flow
- Any Business Purpose!
Does my business qualify for a MCA/BCA?
As long as your business is a legal business, been in operation for at least six months and have at least $4,000.00 a month in sales deposits, your business qualifies for merchant funding and business cash advances. Funding is based on sales deposits and not only credit card transactions like it once was. You do not need collateral because a merchant cash advance is not considered a loan like those offered through banks.
How Does Repayment Work?
Depending on your business’ sales and what you requested to borrow, you will have a fixed payback amount which usually paid back within 3 to 6 months through daily ACH withdrawals. This saves you time so that you do not have to worry about writing a check and having it be processed on time and this is done until the cash advance is repaid in full.
Why Choose Us
We can help small business owners that own a business in the bar or nightclub industry with the following merchant cash advance funding options:
- Merchant Cash Advance
- Second Position Merchant Cash Advance
- Third Position Merchant Cash Advance
- Fourth Position Merchant Cash Advance
We can help you obtain the financing your business needs whether it is in needing of updates or balancing cash flow during slow months. We have a quick application process which requires minimal documentation and are able to fund quickly within the same day. All that we require are four months of your business’ bank statements. Most importantly, if you have a low credit score or poor credit we are still able to work with you. In addition, we provide some of the best rates in the industry and provide a variety of financial options for small businesses and independent businesses.