Merchant Cash Advance Companies

Have you exhausted all of your efforts in trying to apply for different loans from different institutions? Can’t your business wait for months just to get funding from banks or from credit unions? Did you already look into the option of applying for a Merchant Cash Advance (MCA) because you badly and you urgently need funds?

There are a lot of companies that offer merchant cash advances to businesses that are in dire need of it – you can even find some of them online! Before we get into detail about these companies, let’s first try to figure out fully what an MCA is.

An Overview of the Merchant Cash Advance

A merchant cash advance is, in technicality, not a loan. It’s a method or a way of funding a business by providing funds fast and with urgency. How the process works is simple – a business or a company will be selling their future sales and revenue to a lender so that they can be given a lump sum amount they need.

In most cases, retail businesses utilize MCAs in order for their business to expand and grow. However, there also are situations where businesses use these funds to pay for debt or a liability that could be costly if it’s not settled immediately.

Merchant Cash Advance vs. Business Loans

You might be thinking – why not get a business loan? Aren’t the two the same? They are but when you look at them closely, they’re a lot different. The difference with how they’re paid back. Paying back a merchant cash advance would depend on a factor rate and it’s paid through credit card sales.

Whereas paying a loan back is going to be on a set of terms that are determined by the lender that the borrower has agreed to. In essence, they have the same goal and that is to provide funds to businesses but how they’re paid back, that’s the tricky part.

Providers of Merchant Cash Advances

If you’ve been wondering who provides merchant cash advances, then always remember that they’re the companies who can provide a large loan amount to business clients with specific proof that the debt or the loan will be repaid.

These can be business funding companies, lenders, and even online lenders. Contrary to popular belief, the Small Business Administration (SBA) is not part of these companies mainly because they are not able to provide funds immediately; it takes them months before they release funds.

Lending businesses and business funding institutions can help business owners get a merchant cash advance. In some cases, they’d require a collateral but more often than not, they wouldn’t ask for it.

SoFlo Funding is one of the businesses that you can deal with if you’re searching for a company that can help you get a merchant cash advance. We are a funding company dedicated to helping small businesses and its owners by providing loans and MCAs to them.

SoFlo Funding Loans and Programs

The vast and the wide plane of options we have for our clients overpower other providers and companies. As a matter of fact, our clients compared us to how the SBA provides loans, saying that we have the similar rates, and ours are even better!

We’re one of the companies who offer merchant cash advances so if you are in need of a funding fast, then you can definitely approach us. We have a team of funding managers, experts, and senior fund advisors who are ready and equipped with decades of knowledge and experience in terms of funding.

As part of our program, you can freely consult with them as to how you can maximize the funds you’ve gotten. We wouldn’t be persuading you to do this and that, but we’ll tell you the suggestions we have on how you’ll be able to efficiently utilize your funds.

We at SoFlo Funding can provide a wide number of benefits to our clients. These benefits include:

• Fast and High Approval Rate
• The Lowest and the Best Interest and Factor Rates
• Expect Your Funds to be Released in Less Than 30 Days!
• We Have Workarounds if You Don’t Pass Our Credit Requirement
• We Will Guide You Accordingly as to How You Can Utilize Your Funds