Business Cash Advance
What is Equipment Financing?
A loan or lease intended especially for the purchase of commercial equipment, such as machinery or cars, is known as equipment finance. Typically, the equipment serves as security for the loan. This option helps businesses preserve cash flow by enabling them to purchase critical tools without having to pay in full up front. Furthermore, paying interest is frequently tax deductible.
Requirements for a merchant cash advance
To qualify for an SBA loan, an organization must meet certain conditions, including being classified as a small business, operating for a set period of time, demonstrating profitability, and having a good credit history.
Annual Revenue
$100,000
Credit Score
600+
Time in Business
Minimum of 11 months
What Documents Are Needed To Apply?
Drivers License
Voided Business Check
Bank Statements
Balance Sheet
Profit and Loss Statements
Business Tax Return
Personal Tax Return
Business Plan
Business Debt Schedule
Get loan options from multiple lenders
Talk to a business loans specialist at: (916) 719-8433
Apply for a MCA in as little as 5 minutes.
1. Complete your application
In order to match you with the lender that offers the best rates and conditions for your needs, provide a few details about your business and personal loan preferences.
2. Speak to our underwriter
Meet your personal underwriter here to make sure we have all the paperwork and data required to provide you with the best alternatives for your company as quickly as possible.
3. Review your loan options
Examine the various loan alternatives accessible to your company and select the one that best suits your needs right now.
4. Receive funds
In less than 24hrs, when you determine what works best, we’ll deposit the funds into your account.
Benefits of an MCA
- Quick Capital Access: MCAs are a helpful tool for handling pressing financial demands since they offer quick money, frequently in a matter of days.
- Flexible Repayment system: The repayment amount varies according to your daily credit card sales, allowing the repayments to be in line with the cash flow of your company.
- Non Collateral Requirement: MCAs don’t require tangible security like regular loans do, they are an option for companies without assets to pledge.
- Flexibility With Credit Score: MCAs are an alternative for firms with less-than-perfect credit because approval for them frequently depends more on your company’s sales history than on your credit score.
Why Use Assetcc for your SBA Loan?
$100M Funded to Small Businesses Throughout the US
70+ Lenders in our marketplace
5000+ Loans Funded over 9 years