Using Your Merchant Cash Advance
At Nelson Capital Partners, we offer a huge range of different kinds of financing. This is one of the best tools that small business owners have access to. This is especially true when considering that each type of financing has its own unique advantages and specially selecting the right kind of loan makes it even more beneficial. One of the most useful kinds of financing is the merchant cash advance. Turn to Nelson Capital Partners to learn more about how this special kind of loan can be used effectively and how you can be approved for it.
What Makes a Cash Advance Different?
In most ways, a merchant cash advance is the same as a traditional loan. When approved, you receive your new working capital immediately and you are free to make improvements to your business. The difference comes in how it is repaid. Instead of making monthly payments that are set in advance, a small portion of your credit card sales is taken each month. This adjusts your payments to your income, making it easier and safer to repay the loan. Some of the other benefits include:
- Little paperwork
- Simpler qualifications
- Short approval time
- No closing costs
- No required collateral
- No upfront fees
Give Nelson Capital Partners a call today to learn more. We would be happy to answer all your questions.