Merchant Cash Advance
Moving Your Small Business Forward With a Merchant Cash Advance
Like many small businesses, your company’s profit margin ebbs and flows with the economic tide. Sometimes you need financial assistance to keep your business afloat. A merchant cash advance from Skogen Capital Lending can help you weather the storm. We offer this alternative funding to small businesses that may not qualify for standard business loans from credit unions or banks due to low credit scores or other financial liabilities. If you’re approved, we advance your account up to $200K for each business location within as little as seven days.
What Is a Merchant Cash Advance?
An MCA is a lump-sum business cash advance, similar to a personal paycheck advance, that is paid back via your future credit card sales. Repayment is taken directly out of your connected merchant account.
What Are the Advantages of an MCA?
These advances have several benefits over other financing options:
- Simplified application process
- No closing costs, fixed payments or application fee
- Extra cash to use at your discretion
- No collateral needed
- Funds deposited quickly
Are You Ready To Move Your Business Forward?
Our mission at Skogen Capital Lending is to support small businesses by offering various funding options. If your business would benefit from a merchant cash advance, contact us today to get your application started and secure the capital necessary to catch the next wave of growth and opportunity.