There are many different types of business loans / advances that a businessmight apply for, depending on the type of business and its particular needs and assets. A well-established business, for example, might take out an unsecured working capital business loan, based only on the good credit of the borrower. A smaller business owner with less than perfect credit will need some collateral to take out a traditional loan or they could obtain a merchant cash advance without collateral.

Equipment the business may have--or intends to buy with the loan--can also serve as collateral. A business may also sell their equipment to a lender for cash, and then lease it back from the lender, to acquire fast cash. Or they can obtain a merchant cash advance in the USA or Canada which involves the purchase of a portion of a business’ future credit card sales at a discount. To settle your obligation, the funder retrieves a fixed percentage of daily credit sales when they are “batched” - it is as simple as that.

It is very important for a business owner to know what type of business loan is best-suited to meet his or her business' specific needs. MFC represents many types of loans/advances for different types of businesses. It has secured and unsecured loans or merchant cash advances for any amount of credit.

Why choose Merchant Cash Advance (MCA)?

MCAs have already helped many businesses just like yours across the country. Funders understand that many retail and hospitality businesses find it difficult to acquire working capital through traditional loans because they lack collateral. That's why funders provide valuable working capital to businesses with a working capital product that is tailored to individual business needs. Their goal is to put money in your hands without the hassles of a traditional small business loan.

Even if you do not own the building in which your business operates, funders can provide you with working capital without the difficulty associated with traditional bank loans and factors.

The benefits are:

• No fixed payments
• No fixed timeframe
• Completely automated
• They get paid when you get paid

Here's how it works..

• You sell them a fixed dollar amount of your future credit and debit card sales at a discount. Through an automated process, they retrieve a fixed percentage from each sale as it is settled. The percentage they retrieve from each sale is fixed for the life of the funding--they get paid when you get paid.

Once approved, you receive:

• A lump sum of cash, immediately

You can use this cash to:

• Expand your business or add additional locations
• Increase your product line, add seasonal merchandise, meet unexpected expenses
• Purchase New Equipment
• Advertise and promote your business with new marketing programs
• Buy out a partner
• Perform renovation.
  

• Tell us how long you have been in business.
• Demonstrate a minimum monthly credit card volume of $3,000.00