Merchant Cash Advance provides Alabama businesses with upfront working capital in exchange for a percentage of future credit card sales
About Merchant Cash Advance's in Alabama
Alabama is a big player in many industries, such as automotive, aviation, and aerospace. Its business-friendly environment makes it a prime location for start-ups and tenured businesses. In the case of industries related to sales and servicing, there can be droughts throughout the year despite a company performing well overall. An Alabama merchant cash advance (MCA) can balance this by providing extra cash flow during the slower times of the year and keeping the operations running smoothly and consistently.
Why do Alabama businesses need Merchant Cash Advance Funding
When extreme difficulties within a business’ day-to-day arise or when there is a quick opportunity for expansion, business owners need an urgent boost of cash inflow other than their daily earnings in order to keep up with the demands of owning a business. A merchant cash advance in Alabama is the best way to quickly get more budget to spend on daily expenses or renovations, improvements, and expansions on the business.
Alternative Funding Group is a leader in providing alternative lending services and merchant cash advances to various United States-based companies. Our team of experts in the lending business can work together with business owners to provide a speedy assessment and make sure that their unique needs are met in the shortest window of time possible. MCA’s are one of our popular funding options that work for some situations.
How can Alabama Alternative Funding help businesses with a Merchant Cash Advance?
Alternative Funding Group’s flexible payment options and simple application process ensure that the companies that do apply for a merchant cash advance in Alabama will receive a same-day application answer and typically the advancement of funds within a day or two. We do our best to meet the unique needs of our clients.
Get answers to questions about merchant cash advance in Alabama
What is a Merchant Cash Advance in Alabama?
Merchant Cash Advances are a fast way to gain a boost in funding for your business which will be paid by a percentage of future credit card sales.
In Alabama, is Merchant Cash Advance a AL business loan?
It’s not a loan in the traditional sense. You can think of a Merchant Cash Advance as a cash advance on the sales that your company will gain in the future.
How fast can I be approved for an MCA loan in Alabama?
If you apply for an Alabama Merchant Cash Advance with Alternative Funding, you can get approved in as fast as one or two days.
How does a merchant cash advance work?
Once you have applied for an Alabama MCA, your cash advance will be paid back daily through percentages from your business’ credit card sales.
How long has a merchant cash advance been around?
The merchant cash advance started in the late 1990s by Barbara Johnson and her husband when they founded the Advance Me company and the technology to split credit card sales.
How do you qualify for a merchant cash advance?
Qualifying for a Merchant Cash Advance with Alternative Funding is as easy as filling out our online application and providing us with a couple bank and business related documents. We will then review your application and you can be approved in as fast as 24 to 48 hours.