Get up to $200,000 for Your Business
When you need to take advantage of opportunities, you need access to cash quickly. Whether that means freeing up money for building improvements, repair, or to make a large inventory purchase, those opportunities usually coincide with short windows of time in which you can act. That means your funding needs to be responsive, more responsive than traditional loan boards are designed to be. That is when you need to consider merchant cash advance services.
How MCAs Work
Merchant account advances are based on the volume of monthly credit card transactions your business averages, so when you apply, 1st Industrial Commercial Lending and Consulting associates will review that information to calculate an advance size that has an attainable payback date. Then, you will be able to access your cash to do the work that needs to be done. The bigger your business booms after you take advantage of your opportunities, the more quickly you pay off your advance.
Benefits of Merchant Cash Advances
- Fast and flexible
- Easy repayment
- No application fees or closing costs
- No loss of equity in your business
If you are ready to take out an MCA so that you can take advantage of opportunities, our associates can help with an application. Contact us today to get started.