NY Merchant Cash Advance releases a video that aims to promote awareness of this new financing option for all small business owners called a Merchant Cash Advance.
It has been getting harder and harder for small business owners to take out loans due to the current economy and reduced bankers’ interest in the small-business credit market. There is a small number of options available for owners to access quick cash when needed- especially with low credit and little collateral. A merchant cash advance offers a new financing option for owners.
What is Merchant Cash Advance (MCA)?
A MCA is a small business financing option characterized by short payment terms (generally under 24 months) and small regular payments (typically paid off each business day.) A small business owner would be able to gain immediate access to working capital for his or her business in as soon as three days through MCA. The application process is very simple and easy because MCA providers evaluate businesses through a different set of criteria for approval. The base criteria for businesses is to prove at least four to six months of bank statements. After the advance, the business Service Contacts owner will then share a small percentage of his monthly revenue with the MCA provider until the advance plus interest is repaid within normally a six to twelve month period.
What are the benefits of a Merchant Cash Advance?
A MCA is different from a traditional loan. It not only provides immediate cash to owners who have little credit and are denied bank loans, they have an easy application process, high approval rates ( > 90+%), and freedom for the business owner to use the money at his or her discretion. There is also no collateral involved and do not require fixed monthly payments. Instead, your payment level depends solely on your monthly revenue.
MCA providers such as NY Merchant Cash Advance help support small businesses owners by providing direct financing options that allow them to keep their business running strong and seize new opportunities. With the most affordable rates, years of experience and expertise, and an easy renewal and additional funding process, NY Merchant Cash Advance seeks to provide small business owners the tools they need to be successful.
To contact NY Merchant Cash Advance
Web: https://nymerchantcashadvance.com
Phone: (347) 478-5185
Facebook: https://www.facebook.com/nymerchantcashadvance
Twitter: https://twitter.com/NYCashAdvance
About New York Merchant Cash Advance (NYMCA)
New York MCA, headquartered in New York City, is the nation’s premier business financing firm. Our hedge fund has access to various funding sources: direct bank relationships, private equity funds, venture capital funds and private investors. Years of partnership and relationship building have helped us to develop an extensive network granting you fast access to working capital to meet any of your business and financial needs.
Since its inception in 2005, New York MCA has funded over $200 million to businesses nationwide. We work with you to determine the most convenient and efficient way to structure your customized MCA solution. Combining innovation with strategic investments, industry-leading training and unwavering commitment to customer service, New York MCA is positioned to driving business growth and success
