Merchant Cash Advance Eligibility

shop owner with merchant cash advance eligibility

Is a Merchant Cash Advance the right solution for you? Answer these simple questions:

Do you have a business bank account?
Have been in business six months of more?
Is your credit score 500 or more?
Monthly revenues exceed $10,000?

If your answers to these questions is YES, a merchant cash advance can be the financing solution you are looking for.

Learn About Your Eligibility

If you are wondering if a merchant cash advance is the right option for you, there are a couple of questions you can ask yourself. Let’s take a look at your merchant cash advance eligibility.

First, you need to ask yourself what you plan to use the funds for. It’s best that you only use funds for emergency purposes. This could be anything from paying your emplopyees to covering rent. If you are struggling, a merchant cash advance might be the right option for you.

Meanwhile, you should always make sure you are able to pay back your merchant cash advance. Make sure to budget for the interest it will cost you to pay back the loan. If you have any questions about how you and your business can get the cash they need, you can contact us or visit our FAQs page.

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