meet short-term business needs with collateral-free loans
Are you looking for a loan to expand your inventory or products and maybe procure new brands as per customer demands? However, distributors ask for upfront payments and you don’t want to make bulk payments at the end of the month at the cost of working capital for inventory procurement. Even banks aren’t ready to consider lending a small amount to shops. NBFCs, on the other hand, follow a very long process of documentation and data processing which can be time consuming. You can avoid all the hassles if your business accepts payments via POS/EDC device through a credit or debit card.
We can provide you with quick funding to scale up your business offline or procure new stock for the upcoming festive season. We can help you to solve your short-term hurdles to stay ahead of the competition curve. The best part is that the entire process is based on the transaction history of your card swipes.
Adopt our pay-as-you-swipe repayment via your POS sales for easy repayments
How can Merchant Cash Advance help you?
If you have good Credit / Debit Card sales in your store, Merchant Cash Advance can help you get a working capital loan against your future card sales. You get easy access to funds and repay money daily via your card machine.
How does Merchant Cash Advance work?
We will provide you with a working capital loan based on your last 1-year card sales data. We work with your card machine provider to deduct a percentage of your daily sales as installment towards the loan.
Do you have to provide any collateral or security?
We provide 100% unsecured loans and you do not have to provide any collateral or security for a Merchant Cash Advance loan.
How can you pay installments against the loan?
The loan installments are automatically deducted daily from your card sales settlement. Balance amount is automatically collected from your bank account via NACH at the end of the month.
What are the charges for Merchant Cash Advance loan?
We only charge a processing fee of 1-2% when a loan is sanctioned to you. There are no other charges for the loan.
Who can qualify for Merchant Cash Advance?