Merchant Cash Advance
what is a merchant cash advance?A fast and simple way for small businesses acquire financing
with minimal paperwork and no hassle.
Your business receives a lump sum of cash in exchange for a small percentage of your future credit card sales. Merchants can qualify for up to $250,000 per location in as few as 3 business days.
Acquiring money for your small business should be easy. Better Business Funding consistently delivers the right financing at the right time to companies like yours. A merchant cash advance is built to ebb and flow with your businesses income. This is the recommended program for a business with unpredictable income because your business repays the advance based off it's daily sales. Slower days yield a smaller payment towards your advance and busier days yield a higher payment.
- Get up to $250,000 in just days
- Renewals - Eligible for another Advance once you are 50% repaid
- Advance is repaid only after your Business processes a transaction
- No restrictions on the use of funds advanced
- 3 months in business
- More than $10,000 a month in credit card sales
- 1-Page Application
- Challenged Credit OK - 500 personal credit score required
- Repay via your Credit Card Terminal or Daily ACH
- Daily Payment based off of your Daily Credit Card Sales
- Fixed % of Daily Credit Cards Sales Automatically paid toward Advance
Avoid the brokers and “middlemen” fees
You won’t have to worry about extra expenses. You can put your resources towards the most important initiatives for your business.
Avoid having your credit run multiple times
No matter what your credit score, we offer cash advances with just a single credit run.
Build a real relationship
Work directly with a dedicated Funding Manager that will help you design a creative and customized plan based on your business needs.
Almost all business types and industries are accepted
There is virtually no limit to the type of business we work with.
No collateral or personal guarantee required
You can get the funding you need without the worry of placing your personal property or assets at risk.
Near instant approval
With minimal documentation necessary, you receive your funding much faster than a bank loan so you can get back to building your business. Once approved, funding typically occurs within 2-3 business days
How Does BBF Match Up?Compare With Other Funding Sources