A SmartScale Merchant Cash Advance is a convenient working capital solution for small and medium sized businesses. We remove the barriers in the traditional bank lending process by providing a flexible financing alternative based on your expected future revenues. You get the cash you need with no hassles, limited paperwork and no collateral. In return, a small percentage of your future credit card and debit card sales is directed to us until your balance is paid in full. Our SmartScale System can approve and fund your business within 48 hours.
A Merchant cash advance is a funding option for businesses that need access to money for operations, expansion or unexpected expenses. A merchant cash advance is not a loan; it is a purchase and sale agreement where the business receives a lump-sum payment upfront in return for a portion of the business' future credit/debit card sales. When a provider purchases future sales, they do so at a discount. For example, SmartScale may fund you $20,000 upfront for the right to collect $25,000 in future sales.
Unlike most bank loans, approval is based on the business' monthly cash flow, their ability to repay, as well as the volume of transaction revenue the business typically/historically runs through their business per month, not the business owner's personal credit history. Also, most typical small business loans must be backed by collateral, but collateral is not required for a merchant cash advance. These characteristics make funding more accessible to most small businesses.
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