How Merchant Cash Advance works A merchant cash advance is a financial service, where borrowers sell a fixed percentage of their future credit card sales to the lender. Borrowers get money upfront and then repay the advance with a fixed percentage of their daily credit card sales until the advance plus fees are repaid in …
Rights & Regulations For MCA Lenders & Borrowers: A Complete Guide Read More »
Unlike a traditional bank loan that requires collateral, MCA is an advance taken against Credit Card Sales. So, businesses with weak credit ratings can also obtain MCA. What Are MCA Leads? The first step in the MCA funding process is to identify prospective borrowers and determine which ones are the best fit for the loan. …
Evaluation Criteria For Every MCA Lead With Bank Statements Read More »
For starters, let us try to understand what an Investment Portfolio is. What is an Investment Portfolio? An investment Portfolio usually refers to a set of investments made by an individual or business to maximize profit. Given today’s market, a well-maintained portfolio is a prerequisite to an investor’s success. Although the general motive of profit …
How Bad Quality MCA Loan Leads Often Tarnish Investment Portfolio Read More »
Strategies for MCA Business Setup Small company entrepreneurs may obtain capital quickly and easily with merchant cash advances. Within one business day, the registration is usually finished and you are authorized for working capital. The clearance rate is much higher, and funds are generally accessible in two days. Unlike most other typical company lines of …
Why is this important to you? The study of merchant cash advances includes statistics of the past few years forecasting the future that provides a comprehensive idea of the MCA funding market with ample future possibilities. MCA market members can go through the assessment and geographic information collection with a market breakdown. Lending statistics show …
Merchant Cash Advance Industry Insights and Stats in 2021 Read More »
Private lenders that are funding businesses are always on the lookout for Merchant Cash Advance leads. Companies able to succeed in the hunt grow faster than their competitors. Whether your company is new or old, you can always learn a lot about finding leads. . 1. Target a Niche Define what your target market is and …
What is Borderless Payment Borderless Payment is basically the idea of sending and receiving payments globally. Through globalization leads to lower trade barriers; as a result, banking and transactions remain decentralized at the same time. There are multiple payment gateways available today that facilitate borderless transactions, alongside blockchain technology accompanied by cross-border banking services. Before …
Borderless Payments – Is Contactless Payment the Future? Read More »
Let’s say you’ve got hold of a few leads for your company and want to pitch them. You must prepare an MCA sales pitch for converting every merchant cash advance leads into a separate investment portfolio. Try out these MCA sales pitch to get started – Sales Pitch #1 (General) Salesperson: Good Afternoon, Mr./Ms/Mrs. _____. …
Before we move on to more details, let us first define what Merchant Cash Advance is. What is Merchant Cash Advance? Merchant Cash Advance, in simplest terms, is quick funding for businesses, which is a great alternative to bank loan options or any other personal loan options. Let’s say you’re a business owner running a …
Reasons Why You Must Invest in Merchant Cash Advance Industry Read More »