Line of Credit Opportunity
While a vital source of small business financing becomes increasingly unavailable to small business owners, where can a typical small business go for expansion, inventory, or even working capital? A Merchant Cash Advance may be a good option! We are in a current trend of larger organizations with better credit history and more experienced operators utilizing the Merchant Cash Advance industry. These are businesses that typically qualify for large sums of money but may only need a portion of their qualifying figure to purchase inventory, equipment, an acquisition or acquire "patch" financing.
A tactic we have seen with the really established Small Business Owners is only taking an advance of a portion of what they qualify for, reducing impact on cash flow and coming back to us only when it is necessary. They essentially treat a merchant cash advance as a Line of Credit, which is simply unavailable from traditional sources such as banks or SBA providers.
This is simply one example showing just how flexible our industry has become and the evolution that the current small business-financing world is in.
Want more information? Give us a call at 619-482-7200 – let’s talk a little more about how short-term financing sources can help you.