Looking for The Best Merchant Cash Advance Program?
At eMerchantBroker.com we will help you find the lowest cost merchant cash advance program. We will match your business to a merchant cash advance provider in our network. We have programs to help any business get the working capital they need.
We can even help business owners with bad credit. If you have a bankruptcy, judgments, tax liens, whatever the case, you can get approved for a merchant cash advance. A credit card processing advance is not a loan, it’s receivables financing. The lender is purchasing your future sales, for a discounted rate.
How much does a merchant cash advance cost?
First off, the entire cost of a merchant cash advance is a tax deduction for your business. You can write off the entire amount as a business expense. A merchant cash advance lender will look at your credit card processing volume over the last 3-6 months and will come up with your average monthly volume of Visa and MasterCard transactions.
The merchant provider will then make an offer based on the applicants time in business, transaction size and type and credit.
Each merchant cash advance offer is unique and their is no standard fee or percentage of holdback. Below is an EXAMPLE of a merchant cash advance offer.
Joes Restaurant processes $20,000 per month in credit card transactions and they need $30,000 for kitchen upgrades.
The Lender will purchase $36,000 of future sales for $30,000
The Lender will advance the merchant the full $30,000 and collect a small percentage of the daily sales until we have recouped the $36,000 in sales that we purchased for $30,000