Advantages of a Merchant Cash Advance

 Posted on February 20, 2025 in Small Business Loans

As a current or aspiring business owner, you have many options when it comes to funding. However, many traditional lenders will turn you away if you do not meet their exact specifications. A merchant cash advance (MCA) may be just what you need to provide you with the capital you need to grow your business. 

At Fidelity Advance, we know the struggles business owners go through. Our San Diego funding advisors can work with you to reach a solution that addresses the needs of your business. We can meet with you to see if a merchant cash advance is right for your business, and if so, you can fill out our hassle-free application for funding.

Accessibility

Most banks and traditional lenders will not approve applications for funding unless you are a well-established business with a high credit score. This can severely restrict your options for startup capital or quick funding, as it can be difficult to build up a good credit score if you are not given the opportunity to pay off borrowed capital.

One of the biggest advantages of an MCA is its ease of accessibility. Unlike other forms of funding, you can get approved for a merchant cash advance even if you have a poor credit score. As an added benefit, our application process does not require a hard credit check.

Quick Capital

When you apply for lump-sum financing through a traditional lender, it can take months before your application is approved. At Fidelity Advance, our funding advisors know just how urgent your business needs may be. We have a streamlined application for funding, with a quick turnaround on approval.

Furthermore, a merchant cash advance can give you a large lump sum to work with, which could be put towards inventory, special equipment, or just cash to work with during off seasons. An MCA can be spent at your discretion, helping you cover urgent business expenses when other funding solutions might take too long to get approved.

Flexible Repayment

Most forms of financing involve rigid repayment schedules that may not account for your business’s changing circumstances. By contrast, a merchant cash advance can give you some flexibility to pay off what you owe.

What separates MCAs from other forms of financing is the repayment model. Instead of set payments every month, merchant cash advances are paid back through a portion of your credit card sales on a daily basis. If you work in an industry where customers pay with their cards, this could be a highly productive model for funding. An MCA’s flexible repayment plan can account for dry seasons in your business without any fear about collateral.

Meet With a San Diego, CA Small Business Lender

If you are struggling to find a funding solution for your business, a merchant cash advance could give you the capital you need to grow your company. At Fidelity Advance, we help small business owners and entrepreneurs find practical financing solutions tailored to their needs. To schedule a free consultation with our California small business funding advisors today, call our offices at 888-316-2246.