Your Ticket to Fast Emergency Funds
Too often, your success as small business ebbs and flows with the state of the economy, often leaving you to experience prolonged lean seasons. During these periods, you may find it difficult to push through any customer incentives or promotions, make any plans to expand your operations, or even meet your overhead expenses. What’s worse, traditional lenders are often unsympathetic to your struggles during such times. Fortunately, we at Greenwood Capital Advisors can offer a solution that allows you to bypass the bank altogether.
Advantages of a Merchant Cash Advance
You can secure up to $200,000 for each of your business locations through an advance on your merchant account. The funds available through such an advance can be yours in as little as seven days. Securing emergency financing through this route offers several advantages over traditional loans, including:
- No requirement of collateral
- No extensive application process
- No associated fees
Yet perhaps the greatest advantage is how easy it is to repay your advance. A portion of your future credit card payments is withheld until the outstanding balance is met.
Who would have known that your merchant account could be such a reliable source of emergency funds? That’s why we here at Greenwood Capital Solutions make it our job to understand all of the non-traditional financing options available to business owners such as yourself. To learn more about setting up a merchant cash advance, or to discuss the other financing tools in our portfolio, contact us today.