A merchant cash advance is convenient, and easy on your cash flow.
Does your business need access to capital right away? A merchant cash advance is an excellent solution if credit cards and debit cards are your main sources of revenue. Here’s how it works: Bonafide Funding provides a lump sum of cash up front that you will pay back with a percentage of your company’s future sales. You won’t need to make a large monthly payment every month. Instead, you will repay your cash advance with fixed daily or weekly deductions from your business bank account.
The repayment term lengths for a merchant cash advance range between 90 days and 18 months. However, the more credit card and debit card transactions you process, the quicker you will repay the advance. Paying off your cash advance quickly can help improve your company’s Paydex score. Our online pre-approval application is simple and takes just a few minutes to complete. You can get pre-approved without having to provide financial paperwork or collateral. Once approved, the cash will be provided in just a few days.