As Canadian business owners, we understand that when an opportunity or unexpected emergency presents itself, timing is everything. That’s why at Canadian POS Corporation, we are happy to introduce our new merchant cash advance program. With a very easy application process and minimal paperwork, you can receive well-needed funds for your business in your bank account in less than 24 hours!
What are the steps to getting a merchant cash advance? We provide you with detailed financing options in two very easy steps. The first step is for us to review your credit card and debit card sales to determine an average of how much you earn through these transactions on a monthly basis. The second step is for us to determine how much of your future credit card and debit card sales we wish to purchase from you.
We then provide you with this quote for free and with no obligation for you to accept any money. The quote not only includes the amount of money that you’re approved for, but it also includes the cost of your merchant cash advance. It is a one-time fee. With this program, there is no interest rate that accrues over time. It is not a loan, so therefore you are not borrowing any money. This is also why we don’t require credit checks or expect any collateral.
So how does a merchant cash advance work? By purchasing your future credit card and debit card sales, we are advancing you money that you will be making eventually. By getting the money in advance, you will be given the freedom to invest in your business in any way that you see fit. The advance is paid back through a small percentage of your future credit card and debit card sales.
This is an automatic process. You will not be required to cut us a cheque or process any email money transfers. Every time you process a credit card or debit card sale, you will be making a small payment automatically. That way, you’ll never be forced to make a payment if you haven’t been paid first. There is no time limit for you to pay back your merchant cash advance. If sales are slow, payments are slower. If sales are good, payments are quicker.
Why is a merchant cash advance a better option than a bank loan? Well, let’s start with the fact that you’ll never experience a late payment. As mentioned, we work with your business so that payments are only made based on the credit card and debit card transactions you process. As mentioned earlier, because you are charged a one-time fee, you’ll also never incur interest charges or have any knocks against your credit history for participating in the program.
You can also use your merchant cash advance for whatever you like. Unlike with a bank loan, you are not required to divulge whatever it is you wish to use your money for. Remember, it is your money. It isn’t borrowed. Many business owners choose to use their merchant cash advances for renovations, advertising, buying new equipment, repairs, paying bills, buying out partners or maintaining cash flow.
The choice is most certainly yours! Keep in mind that just discovering how much money you can be approved for and what it will cost you is free. There is never any obligation for you to accept a merchant cash advance after receiving your free quote. So, please don’t hesitate to contact us to learn more about our new merchant cash advance program. For more information, call Canadian POS Corporation at 1-877-748-2884 or email us at info@localhost.