Qualifying for a business loan in today’s economy is more difficult than ever, however a merchant cash advance is the hassle free way to fund your business. A business loan qualifying process is lengthy and time consuming. Banks will request; 2 years of tax returns for yourself and your business, P & L statements, bank statements, incorporation documents, collateral, good credit and personal guarantees. In return the bank provides; low approval rates and excessive paperwork. Even after your bank loan is approved, the bank may restrict the use of the funds.
A merchant cash advance will provide 24 hour approval and 24 hour funding after the approval.