Merchant Cash Advance (MCA) is a short-term funding solution that is mostly availed to develop a business so that it can generate revenue. In most cases, a cash advance is taken by the merchant in lien of selling a small future business receivable to the lender. MCA is more like an investment in your company. It is calculated by using the factor rate.
If you have less business experience, it is unlikely for a conventional bank to provide you with a MCA. So, the best option would be to opt for a quick MCA from private lenders who will not consider your business experience but will provide you with the quick funds. With regular incoming funds, the MCA can be repaid according to the planned schedule.
You can avail your quick merchant cash advance by submitting your request at shorttermcredits.com and get the funds as soon as possible at considerable APR ranging from 14% - 18%. The final APR shall depend on various other factors.
Research and survey reports show that Merchant Cash Advance is probably one of the most preferred financing options for startups and also for the established businesses. By applying for an MCA with www.shorttermcredits.com , we will provide convenient and manageable financing options that will help you in overcoming your immediate fiscal requirements for your business. Apart from being available quickly, the MCA financing option does not overburden the borrower with a repayment plan for the amount to be paid within a certain time period. Our finance team will chalk out a suitable loan plan as per your requirements and limitations. Avail a quick MCA with us and use it well for the overall development of your business.
To avail a quick MCA from us, you will only have to submit the following details. There is no other elaborate checking done and you can get your funds as soon as possible.
'shorttermcredits.com' is a direct lender of merchant cash advance, and therefore, it has all the control over the APR & other terms that will be offered to you for your loan. We will display a representative APR that is based on the data from different aspects. The APR will range from 14% to a maximum of 18% with a repayment tenure ranging from 61 days to 180 months. The actual applicable APR will depend on your credit score, loan amount, loan term, the credit usage, and history, and shall be agreed upon by you and us.
If you are borrowing a quick merchant cash advance of $20,000 for a term of 10 years at an APR of 18%, the total payable amount at the end of 120 months (10 years) will be $43,244, with a monthly payable amount of approx. $360 and total payable interest of $23,244.