Is a Merchant Cash Advance the Right Choice for Your Business?
If you’re a small business owner who struggles to secure financing, you’re not alone. Many startups can’t get the financial assistance they require to be successful. In cases like this, a merchant cash advance may be the best solution. At GP Solutions LLC, we regularly provide qualifying businesses with cash advance amounts up to $200,000 per each business location. Once approved, you can spend the money in any way you like. Some companies use the money to advertise, while others put it toward supplies and equipment. You are free to use the funds however you see fit.
What Are Some Advantages of a Cash Advance?
A cash advance offers many advantages. Here are a few:
- Minimal paperwork required
- Rapid funds
- No fixed payments or application fees
- No closing costs
- No need for collateral
- Simple payback terms
Instead of having a fixed payment to make every month, you’ll pay back your loan with a portion of your future credit card sales. You’ll send an agreed-upon percentage of each future credit card transaction to us until your loan is paid in full. This type of payback system is simple and automated.
Do You Qualify?
It’s easy to qualify for our merchant cash advance program. You don’t need to have the ideal credit profile to apply. Even if you’ve recently been turned down for a traditional loan, you still have a great chance of receiving a cash advance through us. Call us today to start the application process.