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Education

weekly sales made via other means, Is a merchant cash advance right for your business?
such as cash or check.
Every business owner must ask themselves this question at some point, and the
Most repayments for the advance answer depends on two factors. First, MCAs are most suited to all companies
are processed automatically by au- seeking to receive a sizable advance. Second, the advance must be put into good
tomated clearing house (ACH), and/ use to ensure the impact on cash flow does not cause any difficulty in running
or the credit card processing com- the business.
pany at the end of each business
day according to the specified per- Chad Otar is CEO of Lending Valley Inc. For information about the company, please visit www.
centage of gross sales. Alternatively, lendingvalley.com. To reach Chad, send an email to chad@lendingvalley.com.
the amount can be deducted from
the business bank account daily or
weekly, based on a specified percent-
age of total credit card and/or check It’s a War out there!
and cash transactions. Time to Band together with the Band of ISO’s
How is this different from
a business loan?
In many ways, an MCA looks like a
business loan, but they are not the
same. Indeed, the differences be-
tween the two are determined by
how they are set up. A merchant
cash advance is paid from a split of
card transactions processed or taken
daily or weekly directly from the
merchant's account. A loan is repaid
within a specified period, in set pay-
ment amounts, and at regular inter-
vals. The Merchant Store Presents the ISO Co-op
Why did merchant cash advances
become so popular, and are there Best Buy Rates in the business!
downsides?
Customer Service that is actually a service to the customers!
Today, many SMBs rely on fund-
ing options such as MCAs for good True Revenue sharing
reasons. First and foremost is that Join today for a better Tomorrow!
an MCA is approved and processed
much faster. Whereas a term loan
may take weeks for approval, an The Merchant Store Promise:
MCA can be processed within the • 60 - 80% commission
same day or 24 hours. This is an im- • Transaction fees: 4 cents!
portant consideration for a business • $5.00 service fee
that needs quick cash to pay for utili- • Up-front bonus ( does not effect split )
• True revenue sharing!
ties, staff, equipment or resources. • Wholesale equipment pricing!
• Free Terminal and POS placement options!
Another reason is that MCA provid- • And, one-on-one support, when and how you need it!
ers will not turn down an advance to
a business simply based on its credit Real partner solutions for Career minded agents!
score. A startup needs to be in opera-
tion for a few months or even years
before it can receive a bank loan. On To setup your custom agent program,
the other hand, MCA providers will TheMerchantStore Contact us at: 844.898.2884
only need to look at the company's Minding your business or Visit our website: MerchantCoOp.com
cash flow records and a couple of
other factors to determine whether it LIFETIME RESIDUALS :: UP-FRONT CASH :: WHOLESALE EQUIPMENT
is eligible for an advance.

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