As a new business owner, you may find that every dollar you earn is going right back into your business. If you own a retail business, it is almost impossible to scale with such slow-moving cashflow. If you are wanting to purchase more inventory but do not have the capital or the credit score to do so, there are still some options available.
Cash Advance –
While many businesses will obtain a loan in order to scale quickly, you may find it difficult to qualify for a traditional business loan. However, with merchant cash advance in Fort Myers, FL, you can get the cash you need quickly so that you can take your business to the next level.
Credit Score Not An Issue –
With a cash advance, the decision is based on your business’s revenue, as well as, future profits. Unlike a traditional loan, you don’t need to have a stellar credit score in order to qualify. Similar to a payday loan, you simply present proof of your sales and can be remitted funds based on that.
Flexibility –
With a traditional business loan, in most cases, you are limited in how you can apply the funds. However, with a merchant cash advance, you can virtually use the money in any way that you like. Also, unlike a business loan, your payments are not based on a specific amount, but rather a percentage of your business’s future earnings.
Services such as merchant cash advance in Fort Myers, FL, are like second chances for people who just can’t seem to get their businesses above water. With all of the time and effort that it takes to ensure your business is successful, seeing your business grow can also be a major element to that success.
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