Merchant Cash Advance Financing
Merchant Cash Advance financing, also known as a business cash advance, is financing based on your business’ future credit card receivables. This type of business financing is repaid on a daily basis as a percentage of your merchant credit card sales. If your business sales are high, your cash advance is paid off faster and if sales are lower, your payment is lower. Merchant cash advance financing is rapid. Normally you can expect to have your business working capital available in about 72 hours.
Nexus Financial Services merchant cash funding product is suitable for businesses who accept credit cards as a main form of payment. Watch our video to learn more about how merchant cash advances work and how they can benefit your business needs.
Unlike a traditional bank loan which places limitations in how you can use the funds, merchant cash advance financing offers great flexibility in how you wish to use the additional working capital for your business. Spend as you see fit:
Front Of House Improvements
- Purchase chairs, background music, signage
- Update floors, lighting, decor
- Revise waiting area layout for efficiency
- Go Green with walls, displays
- Expand staffing
Back Of House Expenses
- Upgrade restroom, waiting areas
- Replace equipment like cash register, site security
- Improve parts areas for improved efficiency
- Purchase small wares
- Upgrade safety conditions
- Modernize Point Of Sale (POS) System
- Integrate inventory system with front of house
- Refresh business web site
- Create business mobile app
- Use mobile SMS to current customers
Day To Day Operations
- Additional certification of staff
- Repaint, add cable TV service
- Purchase new staff uniforms
- Balance cash flow during down periods
- New/expand advertising
Benefits of Merchant Cash Advance Financing
Flexible Repayments – Repayments are based on a percentage of daily credit card sales, so we only make money when you make money.
A Simple Process – Apply online in minutes, get approved in a few hours and access funds in as fast as 72 hours.
Financing Now – Get up to 250% of your monthly credit card sales volume in one lump sum to take care of the things you need for your business.
Cash Flow – This allows businesses with fluctuating or seasonal sales the capital to take advantage of new products or marketing opportunities.
Very High Approvals
The application process for our business merchant cash advance financing is simple and straightforward. Since we focus more on the strength of your business than your personal credit score, we have very high approval rates. Your business can receive a decision and get funding in just a few days.
Starter – Businesses with as few as 6 months of credit card sales volume are able to apply. You may be qualified for up to 50% of your monthly average credit card sales volume in funding. After you’re paid off, you may qualify for more capital on better terms.
Regular – Businesses in operations for at least 1 year and process at least $5,000 a month in credit card invoicing.
Premium – Businesses in operations for longer than 2 years, receive lower cost options.
Merchant Cash Advance Financing Documents – Quote
- One page application completed
- Last current statement from business bank account
- Last four statements from merchant credit card account
- Previous and current year business financial records, if greater than $100K
Merchant Cash Advance Financing Documents – Funding
- Authorization Form
- Business proof of ownership documents
- Voided check from business operating account
- Driver’s license of business owner
- Landlord information or recent mortgage statement, if property owner
Popular Industries Using Merchant Cash Advance Financing
Why Choose Nexus Financial Services?
Whether your business needs new equipment, additional inventory, more personnel, room to expand or an acquisition opportunity you don’t want to miss, we can help you obtain the financing your business needs to make it happen. Our small business merchant cash advance is designed to help you start your business, manage the challenges as you build your business, or support you through the seasonal slow times of your industry.
At Nexus Financial Services, we provide a variety of financial options for small businesses. We are there for you when you need to make fast investments to take advantage of available business opportunities. Our small business merchant cash advance can be approved within a couple of days versus the weeks or months of a traditional lending institution. Because we have the experience and understanding of small business needs, we also offer some of the best small business merchant cash advance and financing solutions available that result in the success of our clients.