How Does A Merchant Cash Advance Make Your Life Easy?

It’s not uncommon for people to want to have things made easy for them. And, if you’re a busy business owner, it’s completely understandable for you to be one of those people. Certainly, having things made easy for you isn’t a bad thing. Generally speaking, the easier things are, the better life is! Who likes waiting in long lines? No one does. Who likes having things delivered right to their front doors? Everyone does.

Convenience plays a major role in the buying decisions of most people. This is one of the biggest reasons that Canadian POS Corporation is so proud to offer Canadian business owners the opportunity to attain extra working capital through our unique merchant cash advance program. When compared to bank loans, our application process is incredibly easy!

How does our merchant cash advance program make things easy?

Let’s start off with the fact that we require very little in order to approve you for a merchant cash advance. We don’t require credit checks, collateral or detailed business plans the way banks do. Instead, we simply review your past credit card and debit card sales. We base the amount of money we’re able to advance you based on the average amount of sales you pull in each month via credit card and debit card transactions.

Let’s also take a look at the costs of a merchant cash advance. They are all dependent on how much money we advance you. Along with a few other factors including your industry type and the length of time you’ve been in business, we’re able to assess both the amount of money you’re eligible to receive as a cash advance and its one-time fee.

How does a one-time fee make things easier than an interest rate?

With the one-time fee, you will know exactly how much you are being charged for taking the advance. Unlike with an interest rate, the one-time fee is not a number that grows, changes or fluctuates in any way. The charge for a merchant cash advance is a concrete number. It doesn’t matter how long it takes for you to repay the money, the one-time fee remains the same.

How does the repayment process make things easy?

Merchant cash advances and their one-time fees are paid back through a small percentage of your future credit card and debit card sales. If sales are going well, cash advances get paid back quicker. If sales are slow, cash advances get paid back slower. Our program works with the ups and downs of your business. Unlike a bank, we do not expect you to make a payment if you haven’t been paid first.

As part of our merchant cash advance program, we can provide you with a free, no obligation quote within minutes of reviewing your credit card and debit card sales. We are committed to giving you the information you need to help you decide upon whether or not our program is right for you. For more information, call Canadian POS Corporation at 1-877-748-2884 or email us at info@localhost.