If you’re looking for funding for your small business, it’s important to consider the different financing options available to you. Here at TB Capital Partners, we specialize in helping small businessowners secure funding for their businesses in various ways. Merchant cash advances, for instance, can be helpful for entrepreneurs in many different circumstances.
Here are a few major benefits of merchant cash advances:
- Quick approval process. Some small business funding sources have long approval processes. If you need funding fast, this can be a problem. Merchant cash advances have much quicker approval processes than most other options, so it’s ideal for situations when you need to secure funding right away.
- Tied to your revenue. Rather than paying set amounts on a regular basis through a traditional loan, merchant cash advances are paid through your business’s transactions. Because payments are based on your revenue, you won’t have to worry about missing payments during a slower season in your business.
- Minimal credit emphasis. Small businessowners with a limited credit history or bad credit can struggle to get the funding they need to get back on their feet and thrive with their business. Most merchant cash advances don’t prioritize a high credit score for approval as much as traditional loans do because of how repayments work, so you will still have funding options even with subpar credit history.
We love being able to help small businessowners succeed in their ventures by helping them secure the right funding source for their business. Call us today to learn more about how our services can help you.