by Blursoft, a nonbank financial services firm created and headquartered in New York, NY, provides Merchant Cash Advance Blursoft. Blursoft is a New York-based non-bank financial services firm. The firm specializes in providing merchant cash advances. Blursoft offers its merchant cash advance services across all 50 states including Washington, DC. Enabling businesses across the country to access the funding they need for their operations and growth.
MERCHANT CASH ADVANCE
For professionals who require a certain quantity of cash but are unable to acquire traditional funding, small business and merchant cash advances (MCA) is a type of unsecured business borrowing. When compared to typical financial terms, business and MCA do indeed offer numerous advantages to small enterprises, including flexibility and fewer application requirements. Continue reading to discover how MCA and a small business with working capital from Blursoft can assist your company every day.
What Benefits Can a Business and Merchant Cash Advance Bring to Your Company?
a merchant cash advance and business finance MCA is a versatile method of getting the cash sum that your company’s finances require. A portion of your sales (processed through debit or credit card processing) is used to pay back your company and MCA. In plain English, a company and merchant cash advance provides you with the financing you need right away based on your projected future profits. Any company with a normally low credit score or without any collateral to support a credit would benefit greatly from this financing option.
Young entrepreneurs, small-to-medium business owners, contractors, Uber drivers, and startups can all benefit from business and merchant cash advances since they can quickly get the funds they need since they may not have access to more conventional forms of finance. When you need quick financing for your small business, a small business MCA can help you out of a jam because it is considerably easier to obtain than traditional credit.
MCA vs Business Loan
Business and merchant cash advances are alternate forms of financing that aren’t formally regarded as typical bank funding and were developed in the 1990s. Like loans, small business financial merchant cash advance solutions give you a flat sum of cash. In this regard, the way a small business merchant’s cash advance is repaid differs from a business loan.
A company loan is repaid in monthly installments. But a merchant cash advance is repaid with future credit card sales. That will be made through your merchant account on a monthly, daily, or weekly basis. You don’t pay back a company’s or merchant’s cash advance until you make sales. Small enterprises might experience significant load and stress relief because of this flexibility. A business cash advance and merchant cash advance are used to sell future revenue (sales of credit cards). Therefore, it is not a loan for a business. The banks make it considerably simpler and quicker to obtain financing because of this.
What Benefits Can Small Businesses Expect from Using MCA?
Small merchant cash advances offer many benefits to small business owners. The fact that you can still get a merchant cash advance even with bad credit is arguably the largest benefit. Additionally, the application procedure is significantly quicker and simpler than with bank funding. The fact that the amount you pay back (interest rate cost) varies from month to month. It is also dependent on your sales card processing income, which is another fantastic benefit. It is not a set sum for payments.
You may be able to better manage your financial flow with this freedom. When business is slow, you make fewer payments. In any case, the proportion collected never decreases or increases, so your cash flow will always be adequate and timely. If the company is sluggish, the set monthly loan payments may be a serious burden on your resources. Blursoft’s working capital loan for businesses and merchant cash advance solution can give your small business what it requires.
How do I apply for a merchant cash advance (MCA) for businesses?
You can get funding from $5,000 to $500,000 from Blursoft Capital merchant cash advance (MCA) providers for a time frame of up to two years. We provide low factor rates starting at 1.2 for everyone. Once authorized, our small business merchant cash advance can be funded in less than 24 hours.
Companies must fulfill the following criteria for an expedited review in order to be eligible for small business MCA at the best Blursoft financing partners:
- You must have been in operation for four months or more.
- You must produce monthly sales of at least $10,000.
- You need to have a credit score of at least 500.
You can go straight to the application form and submit your loan request today if you satisfy those requirements and are eligible. Simply fill out the online form, connect your company bank account, or get in touch with us for support if you need it. After reviewing your application, a financial specialist will get in touch with you right away to talk about your needs and circumstances in order to identify the best financing option for you. Unlike other agencies, once your application is accepted, you get the money right away. Apply right away to join the thousands of companies that have already experienced tremendous growth because of small business MCA.
FAQ for Merchant Cash Advance by Blussot
Does Blursoft’s Merchant Cash Advance incur prepayment penalties?
Yes, borrowers who pay off their Merchant Cash Advance Blursoft earlier than expected are subject to additional fees. The interest savings from paying back a Merchant Cash Advance Blursoft early might be reduced or even canceled if prepayment penalties are considered while choosing a lender.
How frequently does Blursoft process payments for merchant cash advances?
Cash advance amounts range from $5,000 to $500,000 in total.
Monthly payments are processed by Merchant Cash Advance Blursoft depending on credit card transactions made by your company. This implies that until the full amount is paid. A certain proportion of your transactions will be automatically delivered to Merchant Cash Advance Blursoft as payment for your cash advance.
Does Merchant Cash Advance Blursoft charge an origination fee?
Yes, origination fees are charged by Merchant Cash Advance Blursoft. What is the lowest amount of repayment that Blursoft Merchant Cash Advance will accept?
There is no required minimum payment.
How soon will a merchant cash advance from Merchant Cash Advance Blursoft be funded, on average?
Blursoft can approve (or refuse) a merchant cash advance application within 24 hours, and after approval, your merchant cash advance will be funded within one business day.
What are the prerequisites for company funding for Blursoft Merchant Cash Advance?
The following commercial documentation must be submitted in order to apply for a Merchant Cash Advance through Blursoft:
- business permit
- commercial bank account
What is required to be eligible for a Blursoft Merchant Cash Advance?
Blursoft’s Merchant Cash Advance program may be available to applicants with credit scores as low as 500. Eligibility requirements are either 18 or the state minimum age, whichever is higher. A minimum annual income requirement for eligibility does not exist or is not disclosed by Merchant Cash Advance Blursoft.
Lenders are not permitted to charge service members more than 36% APR on credit supplied to covered borrowers under the Military Lending Act (32 C.F.R. 232). The Blursoft Merchant Cash Advance program accepts loan applications from active duty service members and their dependents who are covered by insurance. The services provided by Merchant Cash Advance Blursoft are open to U.S. citizens and permanent residents with green cards.
