For a business owner in need of fast access to capital to grow their business, a short-term working capital advance – also known as a “merchant cash advance” – is a solid option. A merchant receives upfront capital in exchange for a percentage or a fixed portion of future bank deposits and/or credit card sales.
Businesses Are In Need Of Short-Term Working Capital
Many businesses are in need of short-term working capital advances for things such as making payroll, growing inventory, purchasing new equipment/packaging/supplies, marketing or advertising dollars, expansion/renovation of the business, rent payments, and more.
Some of the benefits include:
- Gain Access To Capital Quickly
- Little To No Paperwork
- Repayment Does Not Have To Be A Fixed Daily Amount
- High Approval Rates
- Perfect Credit Not Required
- No Collateral Required
If you have had strong sales, but struggle with little or bad credit, a short-term working capital advance may be a particularly good option for you in getting the capital you need when you need it and this can mean the difference between the success or failure of your business.
Let’s make it happen! Give our sister company, O’Hare Associates Capital Solutions, a call today at (207) 741-2400.