How It WorksThere is a big difference between Merchant Cash Advance and a Small Business Loan. Find out the difference and why so many merchants are choosing this type of financing over a loan.There is a big difference between Merchant Cash Advance and a Small Business Loan. Find out the difference and why so
Merchant Cash Advance
Many business owners are now turning away from small business loans and taking advantage of our programs. The entire funding process takes between 1-3 days. With a 99% approval rating, almost everybody gets approved, even with bad credit. Our advances have 0% interest. Unlike a bank loan or a credit card, we charge a flat fee for our services, and therefore the total due never increases over time. Apply now!
Get Approved, and Choose!
After you get approved, you will be presented with a number of different options, and you will be able to choose which offer you would like to move forward with. We can also customize the perfect program to fit your business needs.
Your Business Does Not Need to Process Credit Cards
Since not all businesses process credit cards, we have partnered with two of of the banks we do business with to create the “Bank Only ACH Program“. If your business does not accept credit card payments, this is an especially valuable tool.
All transactions involving payback are based on total gross income amounts shown in the deposits in the business’s bank account, as opposed to credit card sales. An ACH mechanism is then implemented to facilitate the payback.
Due to the nature of the program, there are more underwriting requirements. Due to the programs infancy, the Business Cash Advance timeframe is shorter than usual. By basing our program on capital based on your gross deposits, we can approve more clients.
If you have some business financing questions or would like a free consultation, please contact Ocean Lending Group, LLC today.