Business Loans, Financing, and Lines of Credit up to $5 Million
When receiving a merchant cash advance, a financing company will give you quick capital in exchange for a set percentage of your credit card sales, on top of a fee. MCA loans can be quick, easy, and with no collateral- regardless of your credit score.
HOW IT WORKS?
A merchant cash advance give your business a quick access to funds through a simple and easy approval process. The funds are suitable for a wide range of business purposes. The main issue with MCA loans is that there are higher fees and interest rates than traditional loans.
If your business has little of no collateral, limited business history, or a low credit score, this type of loan could be a solution to your financial problems. MCA loans are used by businesses that make most of their revenue through credit card payment.
The application for a merchant cash advance is a quick and convenient process. Since this type of loan is paid back with your daily credit card sales, MCA companies will look at your credit card processing statements to verify that you have a sufficient volume coming into the business.
Voided Business Check
Profit & Loss Statement
Business Tax Returns
Personal Tax Returns
Business Debt Schedule
- Quick Funds Access
- Bad Credit Accepted
- Easy and Convenient Approval Process
- Wide Range of Business Purposes Accepted
- High Fees
- Limited Flexibility
Although MCA loans are not the cheapest to come by they are the most convenient and the quickest to receive. Sutton Funding is committed to providing a marketplace that will help all types of business owners and provide a working capital.