Merchant Cash Advance in Union County, NJ
Provide immediate access to funds based on future credit card receivables
MCA Financing in Union County, NJ
As a business owner, you know how challenging it can be to manage your expenses. Unfortunately, now more than ever, business owners are discovering that it has become challenging to obtain a standard bank loan. Sometimes, even having a stellar credit score or owning a reputable company is not enough for approval. This leaves many business owners wondering how they can obtain capital.
Through JSV Capital, a merchant cash advance in Union County, NJ, is tailored to business owners. With JSV Capital on your side, you can receive funds fast with no credit checks and no collateral. That way, you can focus on what matters most, running your business! So, how does a merchant cash advance differ from a traditional loan? JSV Capital has the answers.
What Is A Merchant Cash Advance?
A practical, hassle-free alternative to obtaining capital fast, merchant cash advances (MCA) are an ideal financial option. Traditional bank loans do not always guarantee approval, and the process can damage your credit score. But with a merchant cash advance, you can skip the extended waiting period, paperwork, and long-term damages to your credit.
To narrow it down, a merchant cash advance is an investment in a company’s future revenue. A lender purchases some of your future sales, and business owners are responsible for paying the lender in flexible installments. This is usually deducted from the business owner’s account and the amount is based on the profits of that week. If the company did not profit that week, then you do not pay.
Merchant cash advances have higher approval rates, flexible down payments and offer more financial freedom. And unlike a traditional bank loan, funds can be disbursed into your account in a few days.
How Does a Merchant Cash Advance Work?
With JSV Capital, there is no extensive approval period, no credit checks, and no necessary collateral when you apply for a merchant cash advance. With a remarkable 70% approval rating, a merchant cash advance is an ideal financial alternative for those who have either been denied or cannot qualify for a standard bank loan.
Merchant cash advances are based on how much your business makes per week, so every payment is proportional to the profit of your business. In addition, payments are taken out of your business account automatically.
There are no interest rates for merchant cash advances, although they do have factor rates. Factor rates work like interest rates, but the total pay is multiplied by its factor. For instance, if a merchant cash advance totals $1,000 with a factor of 1.1, that would mean that you pay $1,100. Since merchant cash advances are rated on the total that you pay, you do not need to stress about interest. The factor rate is more of a full fee that you pay at your own pace.
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What Do I Need to Qualify for a Loan?
How to Apply
What Do I Need to Qualify for a Merchant Cash Advance?
With JSV Capital, all you need to apply are tax documents and your business history documentation for approval. There are no credit checks or collateral necessary when applying for a merchant cash advance with JSV Capital. However, since merchant cash advances are basically the purchase of your business’s future sales, you may be asked to supply proof that your company makes a profit. This may include records of business credit card purchases.
Finally, you should also have a positive cash flow and have been in business for at least three months. Apply today for a JSV Capital merchant cash advance in Union County, NJ and take the first step towards financial freedom.
Do I Need Collateral For A Merchant Cash Advance?
With JSV Capital, clients are not required to give collateral or make any down payments in order to receive funds. Because merchant cash advances are not loans, they do not operate like loans, and collateral is not necessary. This includes interest rates, which don’t occur when you receive a cash advance. In turn, you’ll have a lower risk should something happen that financially impacts your business. JSV Capital is committed to educating and guiding its clients. For more information contact our specialists today!
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.