Merchant Cash Advance: Get the Things Your Business Needs Without Traditional Debt
Many small business owners know they need financing to grow, but they’re worried about taking on debt. If that’s how you feel, you should check out a merchant cash advance from Dorra Financial Group. MCA financing can provide a lot of capital for business growth, but without worrying about strict debts, late fees or heavy monthly payments. Merchant cash advances from Dorra Financial Group feature:
- Up to $200,000 per business location
- Flexible repayments
- No balloon payments
- No prepayment penalties
What’s the Difference Between MCA Financing and Traditional Loans with Debt?
How is it possible to get funding that doesn’t have debt? You do have to pay back the funds provided. The beauty of MCA financing is the way repayment works.
The size of your working capital advance depends on the average sales volume of credit card transactions your business handles. Repayment happens the same way: based on a percentage of your monthly sales.
In practice, this means you always have enough for payments. Whether you sell a little or a lot, these percentage-based payments are automatically deducted as sales happen.
What Are the Benefits of Debt-Free Financing?
With traditional loans, there is always the possibility of something going wrong. You may have trouble making your loan payment, leading to late fees and other problems.
With MCA financing, there’s never a risk of losing business assets, and you don’t feel pressured. Your credit score isn’t at risk.
Find out if MCA financing is right for your business by speaking with our friendly advisors right away.