Sharp Shooter Funding - Advantages of a Merchant Cash Advance

CALGARY, AB --(Marketwired - February 14, 2016) - A "merchant cash advance" (MCA) is a working capital loan product that is provided by many of today's business loan providers featured here at Sharp Shooter Funding.

This type of working capital loan has grown wildly popular due to the very flexible requirements for approval. In many cases, even the FICO score of the guarantor is not an issue.

This type of loan is secured either by future credit card receipts or by "cash flow" that has been determined by the loan provider's inspection and verification of positive cash flow of the company's revenue.

MCA loans have loan amount and advance limits that are defined by the lender and can vary greatly.

Key Advantages & Benefits of Cash Advance Loans:

1.  No Credit or Collateral at Stake. A merchant cash advance is an
    alternative approach to accessing cash for your business. While
    traditional business loans can affect a business credit rating, a
    merchant cash advance is a sales transaction and therefore stays off the
    credit report in most cases. Merchants who take a cash advance also
    avoid the risk of losing collateral, a common issue in traditional loan
    default situations.
2.  Easy Application and Collections Process. Merchant cash advance loans
    are usually painless, straightforward processes from start to finish.
    Traditional lenders evaluate (among other things) financial statements,
    tax returns, credit reports and business plans. Merchant cash advance
    providers consider only simpler criteria: monthly credit card receipts
    or positive cash flow and length of time in business.
3.  Quick Access to Cash. Because there is so little paperwork to process,
    MCA working capital loans offer a fast turnaround. While traditional
    loans can take weeks or even months to process, MCA funding is typically
    available within a week of submitting the application. This fast
    response can be an important asset if the business needs immediate
    funding to pay off a creditor or take advantage of an unexpected
    opportunity.
4.  High Approval Rate. MCAs rely on real business performance and positive
    cash flow rather than credit and financials to evaluate applicants. This
    flexible approach allows most any stable business to qualify for a loan.
    Advance amounts typically depend on the business's average monthly
    revenue (positive cash flow) or monthly volume of credit card receipts.
5.  Revenue-Based Collections. One of the most compelling advantages of a
    merchant cash advance over a traditional loan is that the lender gets
    paid when you get paid! While the loan requires a fixed monthly payment,
    MCA collection amounts usually fluctuate based on the merchants sales
    volume. In high volume months, the lender retrieves a higher monthly
    sum; in leaner times, the lender scales back its share proportionally.
    This percentage-based collection policy allows the MCA lender to support
    the business success rather than draining its funds.

As you can see, the "MCA" or "cash flow" loan offers a real attractive alternative to the traditional commercial loan product especially in the current economy and tight commercial business loan market.

First Down Funding offers a wide selection of small business loan products to help business owners throughout the life cycle of their businesses from early stages to established businesses with rates as low as 5.9 percent for the best-qualified borrowers. Visit www.FirstDownFunding.com to learn more about what First Down has to offer.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Sharp Shooter Funding

Office (866) 644 1353
Customer Service (202) 350 9053
Fax (888) 503 0807

Email info@sharpshooterfunding.com
www.SharpShooterFunding.com