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Forget Bad Credit With No Credit Check Merchant Cash Advance

When you are a small business owner and you also have a bad credit, then you know how difficult it is to obtain a business loan. But all hope is not lost as you can put your merchant account to good use.

A merchant account is a temporary bank account where all the money from your transactions are held before they are paid to you. This merchant account is what helps you accept credit card payments from your customers.

The same merchant account can be used to obtain a small capital funding and is called as a Merchant cash advance.

Problems with traditional business funding

Small businesses can have immeadiate small capital requirements. But traditional bank loans can take a lot of time, paper work and high loan rates. To make things worse, if you have a bad credit history, then your loan won’t even be approved.

What is a merchant cash advance?

A merchant cash advance is a loan amount that you can obtain based on your credit card transactions. A merchant cash advance provider will assess your credit card transaction history and decide how much money to lend. It is different from a traditional loan because there is no collateral involved.

The advance is purely based on your business to make enough transactions in the future to repay the cash advance. You are actually selling a portion of your future sales in order to obtain a loan. But unlike traditional bank loans, your credit history is not checked to decide on your eligibility. So even if you have a poor credit score but your sales is good, then you stand a chance of obtaining a good cash advance.

What do you need to apply for a merchant cash advance?

Small business can have a number of reasons that require capital funding. Even though a merchant cash advance lets you use the money for any purpose, typical reasons for obtaining one are as follows.

  • Repair of equipment

  • Advertising or Marketing

  • Purchase of new equipment

  • Business Expansion/New Locations

  • New Hires/Payroll/Tax Payoffs

  • Introduction of new products or services

Benefits of a merchant cash advance

The benefits of a merchant cash advance are almost exhaustive and hence are very popular with small businesses and those with a poor credit history. Let us see the benefits below.

  1. Easy application

There is no elaborate paper work or application process involved. Simply fill an online application form with the necessary documents and you are good to go. You may need the following

  • Tax return papers

  • Bank statement

  • Credit card statements

  1. Fast

Unlike traditional bank loans, you don’t have to wait for a long period. Typically your merchant cash advance will be delivered in a couple of days. Time can play a crucial role especially when it is an urgent financial requirement.

  1. Credit score

You don’t have to worry if you do not have a good credit rating.Evena merchant with poor or no credit are eligible. What’s even better, even if your business has a number of NSFs (No Sufficient fund), you can still get a cash advance. This is because the only deciding criteria is a decent credit card sales.

  1. Easy repayment

An agreed percentage of your sales is debited from your merchant account automatically on a daily basis. So you will naturally only have to pay less when sales are low.

Additional position advance funding

If you thought that merchant cash advance providers were a boon to small businesses, then you haven’t heard the best part yet. With small businesses, there can be ashortage of funds even after taking a cash advance. So if you want more capital, then you can go for additional position advance funding.

What this means is that you can take a second cash advance even before you have repaid the first cash advance. This is also called ‘stacking’ and are known accordingly as 2nd position, 3rd position, 4th position advance funding.

But because you have multiple cash loans, you don’t have to worry about keeping track of all of them. MCA providers help you consolidate them into one big fund which you can pay on a daily basis as a single cash advance.

What do you get from our Merchant cash advance?

We offer merchant services to small businesses who have a requirement for capital but do not have a good credit history. As we do not do any credit checks, it does not matter whether yourbusiness has a poor credit history, a bad credit history or even no credit history.

  • A high approval rate of 98% which means you can easily get one approved

  • Freedom to use the cash advance money for any purpose that you wish

  • No pre-requisite for a collateral

  • No fixed payment amount or rate

  • Pay at your own pace as there is no fixed payoff period

  • Completely automated payments which are debited from your merchant account

  • You can also improve your credit rating by paying up pending bills with the cash advance money

  • 24/7 customer support round the year

  • Cash earnings are not considered as part of the repayment amount


Citi Wide Merchant Funding

300 Carnegie Center
Princeton, NJ 08540

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