Hi im Dave Small Business Needs Help.
Who is Eligible for a Merchant Advance Business Loan?
Eligibility for MCA funding varies across the finance business sector, but the majority of lenders base their decision on the current monthly turnover being generated by the borrowers business. This also forms the basis for deciding the maximum funds that they will be prepared to advance.
As an example, Speed Fund LLC sets the bar at $6,000 per month, high enough to ensure they are lending responsibly yet low enough to be accessible to many small businesses that would otherwise be frozen out of a business loan. Another important criterion which most MCA lender’s insist on, is that the business uses a card terminal for taking credit/debit payments. This is because of the innovative way in which MCA Funding repayments work. How Ever Speed Fund LLC does not require the merchant to accept credit cards, because they offer even more options for merchants to
Get the funding they need.
For More information contact us. Speed Fund
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