All too often businesses need a little money to buy inventory, expand, remodel, or simply get through a slow season, however, banks are all too often not willing to take the “risk” on a small business loan. As a matter of fact, on average, 80% of small business loans are denied! These working capital loans could be the deciding factor between success and failure or the ability to take your business to the next level. Why are small business loans, to make your business better and more profitable, so difficult for banks to get? It just doesn’t seem fair!
Wouldn’t it be great if there was a business loan product that was based on your business’ monthly income instead of your credit and assets? Or a small business loan product that was paid back as a percentage of your sales rather than a big bill at the end of the month? Something that got you the cash you needed regardless of how you need to use it – even if that conjures pictures of a beach, bare feet, and a cold drink. Sure it would!
Great News! There is. Welcome to our merchant cash advance program where you can get approved and funded in as little as 24 hours!
How does it work? Simple, the lender bases their lending amount and terms on your monthly credit card volume and then, once you start to use it, the loaned amount will be paid back as a percentage of your merchant services deposits, a fixed regular ACH payment, or a combination of both. Best of all you can continue to use your current merchant services provider – or – if you prefer, choose The Merchant Doctor as your payment processing provider to accept credit cards.
The Merchant Doctor works with multiple merchant cash advance solutions so no matter what industry you are in we have a solution for you! With our multiple partnerships we offer working capital loan amounts from just a few thousand dollars to amounts in excess of $1,000,000.
Contact the Merchant Doctor today and get funded tomorrow!
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