IS YOUR BUSINESS A GOOD CANDIDATE FOR MERCHANT CASH ADVANCES?
March 23rd, 2018.


If you run a business or you’re trying to set up a business, you will be well aware of the fact that you need some serious capital in order to not only stay afloat, but be successful. It can be very difficult to find financing, particularly if you’re a small business that hasn’t had a chance to establish itself yet. But with your success so reliant on capital and financing, what options do you have?


Merchant cash advances can be an excellent means of acquiring the capital you need to ensure consistent cash flow, but is your business a good candidate for this type of financing? What criteria does your business need to meet in order to be able to use a merchant cash advance? And what can you use it for?

There is a great guide provided by Merchant Cash Express that explains in more detail, but let's cover a few key items below.

What criteria do you need to meet?
Qualify as a small to medium business

In order to benefit from a lot of financing options, you need to qualify as a small to medium business. It is well-known that small businesses are in the most need of money, precisely because it’s so essential in helping lift a company off the ground and maintain it while it takes off. The first two years of a business are crucial.

As long as you have a small business that needs help, you should be good to go for applying for merchant cash advances, but of course, there are other criteria to take into consideration, as well. Forbes has some good info about the difference between a small business and a start-up.


For the full story at smallbusiness.co.uk CLICK HERE.