Merchant Cash Advance provides Rhode Island businesses with upfront working capital in exchange for a percentage of future credit card sales
About Merchant Cash Advance in Rhode Island
A Merchant cash advance (MCA) is a business funding solution that allows small businesses in Rhode Island to get cash quickly and hassle-free. Alternative Funding Group helps companies of all sizes get cash flow in the form of a lump sum payment. It is repaid using a percentage of the borrower’s credit/debit card future sales. MCA in RI is a much faster and easier way to get your much-needed funds compared to bank loans that typically require a lot of time and effort.
Why do Rhode Island businesses need merchant cash advance?
A Merchant cash advance in Rhode Island offers a convenient and interest-free way to obtain funds. Rhode Island businesses tend to acquire help from external sources to help them fund everyday expenses or large purchases. This usually means they have hefty interest rates, unlike an RI MCA. Alternative Funding Group also makes the process easier and quicker by only involving a few steps and being more direct to business owners with what they need.
Who and what is Alternative Funding for Rhode Island?
Alternative Funding Group is a business funding provider that offers the popular merchant cash advance in Rhode Island and other business funding options to business owners who need to improve cash flow quickly. We focus on helping small and medium businesses to operate, grow, or expand.
How can Alternative Funding help RI businesses with Merchant Cash Advance in Rhode Island?
The main focus of Alternative Funding Group is getting business owners to have less-to-no cash flow issues. Our team of talented individuals helps you get your financial needs without needing to wait for a long time, unlike bank loans. Additionally, we do not add interest rates to our MCA in Rhode Island solution. The flexibility of our company allows our services and products to cater to your specific needs.
Get answers to questions about merchant cash advance in Rhode Island
What is Merchant Cash Advance in Rhode Island?
A Rhode Island Merchant cash advance is a fast and hassle-free funding solution that helps businesses acquire a lump sum of money for their expenses and other business needs. An MCA in RI features hassle-free repayment by using future credit card sales as payment.
In Rhode Island, is Merchant Cash Advance a RI business loan?
RI Merchant Cash Advance is an advance not considered a business loan because there is no interest rate. It is repayable using future credit card sales, unlike bank loans with other payment methods.
How fast can I be approved for an MCA loan in Rhode Island?
If the application form and business-related documents have been completed and verified, our distribution of Rhode Island Merchant Cash Advance funds only takes 24-48 hours.
How does a Merchant Cash Advance work in Rhode Island?
An MCA in Rhode Island works by using a percentage of your credit or debit card sales as repayment.
How long has Merchant Cash Advance been around in Rhode Island?
Merchant Cash Advance has been around since the 1990s. Barbara Johnson and her husband founded Advance Me but then moved to MCA.
How to classify RI Merchant Cash Advance?
Merchant Cash Advance in Rhode Island is different from a bank loan because of interest rates and revenue requirements. A RI MCA is more likely to get approved than bank loans because of their strict requirements regarding loans.
How do you qualify for a Merchant Cash Advance in Rhode Island?
Qualifying for an MCA in Rhode Island is easy and takes only moments of your time. First, fill out our online application, then submit some business-related documents. After that, it’s just a matter of time before your cash is given to you, most likely within 24-48 hours.