Merchant Cash Advance

Skip Monthly Loan Payments by Applying for a Merchant Cash Advance

If your small business has experienced credit problems in the past, you may find it difficult to secure a traditional loan. Without financial backing, gaining momentum in your industry may feel next to impossible. At Capital Peak Financing, we are committed to offering financial solutions to companies of all credit profiles. Our merchant cash advances serve as an affordable alternative to traditional loans.

Understanding Cash Advances

Merchant cash advances are similar to loans in that they provide you a lump sum of money to use to put towards your company’s current needs. You can use the money to stock up on inventory, market your products, or improve your building.

What makes cash advances unique is that the money you receive is taken against your future credit card sales. As your customers swipe their Visas or MasterCards, these profits go toward paying off your advance. Once payment is complete, you continue retaining these credit card profits as normal.

Benefits of Cash Advances

One of the biggest perks of taking out a merchant cash advance instead of a loan is that you eliminate the need to stay on top of monthly payments. Payment is automatically retrieved from your merchant account.

Cash advances have a number of other advantages, as well:

  • Short turnaround time
  • Reduced paperwork
  • No collateral
  • No application fee

If you think a cash advance may be the right move for your company, reach out to Capital Peak Financing today to learn more.