Description
Of all the financing that uses factor rates, merchant cash advances are among the most popular. You can borrow as much as $200,000, and the money can become available within 24 hours of your approval by a lender.
With a merchant cash advance, you base the financing off future earnings. So a lender may check your credit score, but they won’t do a deep dive into your financial history. They’ll be more interested in how your business has done the past few months and where it’s projected to go.
With a merchant cash advance, you base the financing off future earnings. So a lender may check your credit score, but they won’t do a deep dive into your financial history. They’ll be more interested in how your business has done the past few months and where it’s projected to go.
