Merchant cash advance

A merchant cash advance doesn’t require to secure the loan against an asset. No collateral means that the process to get the merchant cash advance approved is quick and easy. Furthermore, no high credit score is required.

For instance, a customer buys your product for $5,000. However, whilst they agreed that the invoice would be paid within 30 days, you have urgent fees, wages and expenses to pay tomorrow. Invoices that you are waiting to be paid for can be bought by a factoring company at a discounted price for immediate cash. For instance, if it was discounted, the business will receive 80% of the invoice value. In this circumstance, the business would receive $4,000.