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Merchant Cash Advance

APPLY FOR FUNDING APPLICATION
At Cashbox, we will offer you a lump sum payment in exchange for a slice of your business’ future sales and revenues when you decide to accept a merchant cash advance or MCA. To put it simply, you will straight receive your cash for operating your business and in time we will collect the proportion of your profits until we have received the total amount we have provided.
That’s where Merchant Cash Advance comes in.

If we look at today’s small businesses ecosystem one thing is clear, that in contemporary time credit card transactions now account for a major portion of businesses’ money transfers. We can now certainly state that cash is no longer the king, it is the era of credit and debit cards, one swipe away! Companies that need to create positive cash flow might use this credit basis to control cash flow when required.

When companies hit the slowest months of business due to seasonal impacts or COVID, these companies can obtain their funding from different lenders which can help them out in surviving and can keep the doors of their business open and stay in the competition.

Cashbox is ready and here to assist all kinds of small and big business firm owners who are having a hard time to find a loan or Merchant Cash Advance. In case, of small business firms it is a bit difficult to get a hold of the ever traditional bank loans. If by some luck, a business loan is granted, the dread of fixed monthly payments becomes more of a financial burden than advancement. These small businesses can bid farewell to the traditional bank loan system and can go for a merchant cash advance.

Not many are familiar with MCA being around since the 1990’s and the early businesses in this industry are the instigators of alternative financing. Merchant Cash Advance is not a loan; not really, it is rather quite different from the traditional business loan phenomenon.

The dilemma, what is a merchant cash advance?

As earlier said, MCA is not a loan but a cash advance which is based on your credit card sales as deposited in a business’ merchant account. The best part is you don’t need to present your collateral for this cash advance. The sole criterion is you agree with your lender to provide a proper percentage of your future revenues in exchange for the cash.

Cashbox will analyze your credit card sales, bank statements and other financial data to estimate how much profit your small business will make in the future. On approval of your loan, both parties agree to a cut which will be deduced from your credit card.

You can apply for a merchant cash advance and have a turnaround time of 24 hours for your funding upon approval. And you are free to use your cash advance as you want disregard of your purpose. There is no restriction. Besides, retailers these days, cash advance are granted to owners from different firms, whether you are a restaurant owner, a doctor, a retailer or from an automobile industry, you can apply for a MCA. The perks of having flexible financing situation, a quick access to cash advance and the ability to improve your business’ credit score are a click away! You now no longer have to wait for the slow and ancient process of taking a loan from a bank.

We will consider and evaluate the risks of your business and the weight of your credit cards as compared to other lenders and MCA providers. We as a company care about your business and you will not lose your home for sure. We will assess your receipts to have an idea if your business can timely pay back the advance. Therefore, MCA rates at certain times can be slightly higher than other financing options; hence it is necessary before applying for MCA you understand the terms and conditions of this merchant cash advance. However, this funding provides the necessary stress relief from the entire financial situation that a merchant cannot owe any funds until they generate revenue. This means you can easily clear your cash advance.

As we mentioned we deduct a small, set percentage from your daily used credit card transactions. If you are a small business owner, you are free to access your merchant cash advance the way you like and without worrying about paying a monthly payment which can consume your bank account. The slower your business is the less you have to pay on your loan. When your business is thriving, you pay off your loan much faster. So what are you waiting for, you can get your cash in the next business day (24 hours).

What is the process for MCA?

Fast & Easy Process


1.
Submit App and Bank Statements for a verbal offer


2.
Request Contracts with voided check and Government ID.


3.
Ready for a funding call with same day funding

However, Cashbox consist of specific requirements that merchants should take special note of:

1.  Security Agreement 

A UCC-1 filing is used to secure a lien against a business’s assets. In the case of a breach, these assets can be seized potentially.

2.  Guaranty

Cashbox and its Affiliates may need a personal assurance of performance, allowing them to pursue the guarantor’s personal assets, which are typically the company’s owner or office. 

3.  Confession of Judgment

A confession of judgment contracted by the borrower could speed up the process of securing a judgment against the business and its owner without the funder having to prove their case in court by filing a lawsuit. 

After meeting our requirements you can have your approved cash advance for your business.

However, Cashbox consist of specific requirements that merchants should take special note of:

1.  Security Agreement 

A UCC-1 filing is used to secure a lien against a business’s assets. In the case of a breach, these assets can be seized potentially.

2.  Guaranty

Cashbox and its Affiliates may need a personal assurance of performance, allowing them to pursue the guarantor’s personal assets, which are typically the company’s owner or office. 

3.  Confession of Judgment

A confession of judgment contracted by the borrower could speed up the process of securing a judgment against the business and its owner without the funder having to prove their case in court by filing a lawsuit. 

After meeting our requirements you can have your approved cash advance for your business.

Requirements – 3 month bank statements, month to date bank statement and our easy application. Proof of ownership, copy of voided check and driver license.

The typical cash advance is between $2,500 and $300,000. Depending on the amount of money you borrow, the repayment period could be as little as 90 days or as long as 30 months. However, the average term is 8 to 9 months. 

How Long Will It Take to Pay Off a Merchant Cash Advance?

The average cash advance ranges from $2,500 to $300,000. Depending on the amount borrowed, the repayment time could be as short as 90 days or as long as 18 months. The average duration, however, is 8 to 9 months.

While failure to repay your Merchant Cash Advance can result in the seizure of your company’s assets and inventory, as well as liens on real estate and the freezing of your bank accounts. Alternative Lending Solutions specializes in providing merchant funding by acquiring future receivables from businesses. The deposits expected to be collected through banking transactions over a specified period are known as future receivables. From here, the company will have an arrangement with Cashbox or one of its affiliates to withdraw a daily, weekly, or monthly payment to return the working capital amount that has been funded with interest.

That’s where Merchant Cash Advance comes in.

MCA might sound perfect for those small businesses which need quick cash turn around and take advantage of this short-term prospect. It is crucial to note that the cost of this Merchant Cash Advance makes sense of finances for your business. While it is significantly painless to receive this cash, MCA comes with a premium cost. Nonetheless, many business owners consider this option as it is easy to access this funding for their businesses.

 

MCAs can help flourish businesses in wide range of productions, including:

  • Retailers

  • Construction companies

  • Health sectors

  • Manufacturers

  • Automotive businesses

  • Business services

That’s where Merchant Cash Advance comes in.

MCA is a perfect and an ideal model for:

It is ideal for those business firms that are planning to expand their growth and do not wish to struggle with the prolong loan process as offered by the traditional loan lenders. Call Alternative Lending Solutions today for your Merchant Cash Advance today.

Those businesses that are interested in financing their new marketing techniques to help them grow and generate revenue. Call Alternative Lending Solutions today for your Merchant Cash Advance today.

Those businesses that are in need of new or increased goods for future promotions such as, the special holidays and seasonal times, or other large-scale advance orders and capitalise new income. Call Alternative Lending Solutions today for your Merchant Cash Advance today.

It is ideal for those businesses which need a quick turnaround of capital in less than 48 hours. Call Alternative Lending Solutions today for your Merchant Cash Advance today.

Merchants need capital for a number of reasons. May be you are planning to grow your chain or you need new equipment or you want to explore different marketing strategies for which cash advances are ideal.

Besides, cash advances are approved quickly with their simple online application process as compared to bank loans which often consume more time in granting a loan.

At Alternative Lending Solutions, you can receive all these benefits through MCA.

How is MCA different from other alternative finances?

Merchant cash advance is quick and easily accessed which is based on past sales. One closely related alternative is Invoice Factoring that is also known as accounts receivable funding, a cash advance based on a business’ accounts receivable.

Business term loan, another alternative financing service in comparison to MCA is paid back with set terms and payments over a set specific period of time. On the contrary, MCA is cleared based on credit card revenues, depending on the business’ daily or monthly credit card transactions.

The Beauty of Merchant Cash Advance: Its Cons

Due to a MCA flexible nature, you can use this funding for whatever you like; this quick merchant cash advance can be a great solution for your businesses. The process is pretty speedy and you can receive your cash advance after approval in less than 48 hours. There is only a one page prequalification form to fill out and provide us with 4 months of your banks statements for offers. Alternative Lending Solutions analyse a business’ daily credit card sales to determine if the merchant can pay back in time. Repayment is based on daily sales.
 
There is no change in payment settlements; it will be the same each month so there will be no surprises in store if business goes sideways during slower months. There are no personal guarantees so if your busienss fails you don’t have to pay back the advance as long as you followed all the terms of the agreement. 

Merchant Cash Advance as the Beast: Its Cons
Keeping all positive factors aside, first and foremost MCA can be expensive as compared to other alternative financing services. MCA is also a short term opportunity and is not suitable for financing large scale initiatives.The contracts at times can be confusing. Therefore, it is mandatory that business owners consider all these factors before applying for a cash advance at Alternative Lending Solutions.

There is no change in payment settlements; it will be the same each month so there will be no surprises in store if business goes sideways during slower months. There are no personal guarantees so if your business fails you don’t have to pay back the advance as long as you followed all the terms of the agreement. 

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Advertised Terms and Information:

 

  • The information and disclosures above relate to advertised terms made by or through Alternative Lending Solutions.

  • Interest rates and terms are from a lender or lenders with whom Alternative Lending Solutions may match you and that offer the particular product. The disclosures are current as of the date indicated.

  • Alternative Lending Solutions is not a lender in any transaction and does not make loans, loan commitments or lock-rates. All credit decisions, including loan approval and the conditional rates and terms you are offered, are the responsibility of the participating lenders and will vary based upon your loan request, your particular financial situation, and criteria determined by the lenders to whom you are matched. Not all consumers will qualify for the advertised rates and terms.

  • You may not be matched with the lender making a particular conditional loan offer, and Alternative Lending Solutions does not guarantee that any lender will make you a conditional loan offer. Alternative Lending Solutions arranges for multiple conditional loan offers through its network of nonaffiliated lenders.

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  • Alternative Lending Solutions may request a credit report obtained by means of a soft credit inquiry. This report is only furnished with the consent of the consumer and is used to determine financial product pre-qualifcation. Alternative Lending Solutions may share this furnished consumer credit report with its direct lenders only for means of pre-qualification.

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  • While there are numerous factors that can impact an individual’s credit score, your personal score page provides you with six factors that may be impacting your overall credit score. It is these factors that create your VantageScore®:

  • Payment history – Have you consistently paid your accounts in a timely manner?

  • Utilization – How much of your total credit available are you currently using?

  • Balances – What is the total of your current and delinquent account balances?

  • Depth of credit – How long is your credit history and is there a varied mix of credit types?

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