Merchant Cash Advance in Orlando
Provide immediate access to funds based on future credit card receivables
MCA Financing in Orlando
Whether you’re looking to expand your business venture or get a start-up off the ground, obtaining funding is easier said than done. When trying to go through a traditional banking institution, borrowers are met with lengthy funding times, a lot of paperwork and low approval rates. If you’re in need of working capital and either don’t qualify for a loan or can’t wait up to 90 days for funding, a merchant cash advance might be the financing option for you. Those looking for an alternative to traditional bank loans in Orlando, FL can obtain a merchant cash advance with JSV Capital.
What Is A Merchant Cash Advance?
A merchant cash advance is a type of alternative financing option that’s different from a bank loan. MCAs are a quick and convenient way to obtain fast funding for businesses in the short term. They do not require borrowers to put up collateral and are much more lenient in terms of their requirements.
Borrowers who are approved for a merchant cash advance will receive their money in one lump sum. The total amount is dependent upon a business’s income. Instead of requiring collateral, lenders will purchase a percentage of a business’s future profits. Repayments are also reflective of one’s revenue. These payments are calculated by a factor rate and can be withdrawn monthly or weekly.
Advantages Of A Merchant Cash Advance
Merchant cash advances are a useful financing solution for businesses in need of extra money in the short term. Here are some reasons why a merchant cash advance might be right for your business:
Higher Approval Rates
Qualifying for a merchant cash advance is faster and easier than getting a bank loan. In fact, MCA approval rates are 70% higher than loans from traditional banking institutions.
No Collateral Necessary
Since MCAs are different from loans, they do not require borrowers to put up collateral. Instead, a lender will purchase a portion of your business’s future earnings.
Repayment amounts on a merchant cash advance will be reflective of your business’s profits and ebb and flow of sales. Therefore, the payments will depend on how much money your business is bringing in.
The entire application process for a merchant cash advance can be completed online via a phone, computer, laptop or tablet. To apply, borrowers just have to log onto the JSV Capital website. Our financing options require less paperwork than traditional bank loans.
The application for a merchant cash advance takes just minutes to complete. After submitting the required documentation, our specialists will begin to review your application. Approval can happen the same day or within one to two business days. Funding will then be immediately deposited into one’s bank account.
Our Business Funding Advantage
What Do I Need to Qualify for a Loan?
How to Apply
What Do I Need To Apply For A Merchant Cash Advance?
The application process for a merchant cash advance in Orlando is faster and more lenient than applying for a traditional bank loan. The latter requires borrowers to submit a credit check, tax paperwork, business history documentation and so on. When applying for a merchant cash advance with JSV Capital, borrowers are only required to provide proof of sales by either submitting their bank statements or credit card purchases. Most business owners who have a positive cash flow and have been operational for at least three months will be eligible for approval.
How Much Funding Can I Get?
How much funding you can get from a merchant cash advance will vary per borrower. The amount is dependent upon how much revenue your business is bringing in, among other factors. The specialists at JSV Capital can provide additional information regarding your financial needs in Orlando, FL.
Inquire about our Business Loan programs.
We are one of the most trusted sources for merchant cash advances. Unlike most lending companies, JSV Capital provides access to quick and affordable small business funding options for all types of businesses.
Like you, JSV Capital is a small business, and we take pride in helping our neighbors secure the financing they need to grow and achieve success. Contact a reputable loan consultant at JSV Capital about how we can help you and your business get funding today.
Apply For Merchant Cash Advance Financing
No cost to apply. Applying will not impact your credit score.