Utah Merchant Cash Advance

Merchant Cash Advance provides Utah businesses with upfront working capital in exchange for a percentage of future credit card sales

About Merchant Cash Advance in Utah

Companies need business funding from time to time. A Merchant Cash Advance in Utah can bridge a gap, cover an unexpected expense, or provide an advance to a UT company falling short on cash to meet the business expense. A UT Merchant cash advance is a fast and flexible way of obtaining business funding and moving forward. A merchant cash advance in Utah is not a loan but a cash advance based on the credit card sales deposited into your merchant account. Alternative Funding Group advances you the cash. Then, repayment of the MCA is via a percentage of daily credit and debit card sales plus a fee. This is an innovative business funding solution and a fast way to get positive cash flow again.

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Why do Utah Businesses Need A Merchant Cash Advance?

Whether you need new equipment, more marketing funds, or inventory, an MCA in Utah could be the answer to your business funding needs. When your business shows a history of merchant account transactions and a lump sum of capital could make a positive difference for your business, the UT Merchant Cash Advance option might be the solution to help. You’ll have flexible business use of the MCA and repay percentages of your credit and debit card transactions instead of meeting a fixed payment amount each month.

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Who and What is Alternative Funding for Utah

Alternative Funding Group is a business funding provider that offers small and medium businesses advances. We have helped many businesses move forward by providing the capital needed to operate, bridge a gap or expand.

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How can Alternative Funding Help UT Businesses with A Merchant Cash Advance in Utah

We are experienced with providing UT merchant cash advances to help companies overcome obstacles, reach goals, or expand. Our flexible UT merchant cash advance terms can often be a winning solution.

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FREQUENTLY ASKED QUESTIONS

Get answers to questions about merchant cash advance in Utah

What is a Merchant Cash Advance in Utah?

A Utah merchant cash advance is a funding option offered when a company needs a lump sum of money fast. This is used by businesses that have daily debit and credit card transactions.

In Utah, is Merchant Cash Advance a UT Business Loan?

A UT merchant cash advance is an advance. An MCA is not a loan. Actually, a merchant cash advance in Utah is considered a trading transaction.

How Fast Can I Get Approved for an MCA Loan in Utah?

The typical turnaround time to receive a Merchant Cash Advance in Utah is 24 hours or less.

How Does a Merchant Cash Advance Work?

An MCA provides a business owner with a lump sum of money which is considered an advance. Merchant cash advance providers generally deduct a percentage from the business’s daily or weekly credit and debit card transactions until the MCA is paid in full.

How Long Has Merchant Cash Advance Been Around?

Merchant cash advances appeared in the 1990s. However, they increased in popularity in the early 2000s and again during the recession of 2010. Traditional banks do not always have the ability to approve loans, offer advances or flexibility, making alternative funding options beneficial.

How To Classify Merchant Cash Advance?

A merchant cash advance in Utah is classified according to the monthly revenue, interest rate, and business credit limitation.

How Do You Qualify for a Merchant Cash Advance?

To be eligible for a Utah merchant cash advance, you need to be located in Utah or one of the 48 contiguous states, has revenue of 90,000 yearly or $7,500 for the last three months. Additionally, you’ll need to have regular credit and debit card transactions deposited into your merchant account. If you need to improve your cash flow, contact us to see if an MCA is the right funding solution for your needs.