As a growing small or medium business enterprise, what would you do with extra cash of say a sum of $3,000 or better still a whopping amount of $550,000?
There are plenty of things that can be accomplished with such a big amount. You can expand your business by buying new equipment, opening up a new location or adding more employees, improve your marketing, and add more inventories and do much, much more.
But where would you get such a big sum of money? An ISO merchant cash advance provider can make this happen in a surprisingly short time.
What is an ISO merchant cash advance provider?
An ISO (Independent Sales Organization) merchant cash advance provider helps businesses avail the cash flow they are in need of in an expedient and effective manner. The organization provides a distinctive opportunity through which your business can profit from the future receivables of your credit card sales.
They purchase the sales you make via credit card at a discounted rate, thereby creating a cash advance for your business. The money advanced is repaid via the processing program set for your credit card. For each sale via your business, a minor percentage is taken as repayment.
For those who wonder what an ISO merchant cash provider is and whether they have to undergo the hassle of dates, limits, and amounts as with other conventional loans, the merchant cash advance is a very simple and easy process.
It is fully automated. You can use the funds you receive freely for any purpose related to your specific business. Thousands of entrepreneurs have already benefitted by the ISO merchant cash advance providers and you can also join them and enjoy the perks.
Pros of using ISO merchant cash advance provider
The innovative process helps you to qualify easily without any stringent rules or regulations. You can receive the funds you need for your business within 48 hours. And the benefits do not stop there. Here are other advantages of the program:
- You need not have good credit
- Paperwork is very minimal
- Approval is very quick
- Money reaches you in 48 hours
- No need for collateral or personal guarantees
- Simple application process
How to apply
The process involves a funding specialist asking you a few questions to assess your business goals and in a span of 48 hours, you will receive the cash offer which on approval will be deposited in your account. The application form is very easy to fill and the money offered can be used for any expenditure related to your business including hiring employees, remodeling, adding new equipment or inventory, paying taxes, rent or dues and more.
When you avail the services of a reputed ISO merchant cash provider, you can be guaranteed of a quick and successful approval of your cash advance request. Without the need for having a perfect credit and instant approval, the merchant cash advance serves as a good loan alternative with the only downside being the high-interest rate, which is more than what the banks levy.