This is often in case of emergencies such as purchasing stock, equipment repair or paying utility bills and funds are not available. In such times, a Merchant Cash Advance from Lighthouse Business Capital can save the day. This is where you sell a percentage of future business receivables at a discounted price. The merchant cash advance is usually provided to enterprises that display robust accounts receivables but do not have liquid access to the funds.
At Lighthouse Business Capital, it is very easy to apply for a Merchant Cash Advance. You can simply fill out an application form and submit three previous months of bank statements to begin the seamless underwriting process. After submitting the application, processing and underwriting takes as few as 48 hours to receive the funds that you need.
An excellent characteristic of the business Merchant Cash Advance from Lighthouse Business Capital is that you receive the funds in less than one week! When your application is approved, Lighthouse Business Capital delivers the funds in a seamless manner directly to your bank account. This helps you to boost your firm’s cashflow and get your business back on track! Additionally, it is easier to obtain a renewal offer once you have applied once, as your accounts receivables are recorded and it becomes easier for underwriters to see the business performance from the first funding round to the renewal offer.
The Merchant Cash Advance is a financing solution whereby you are selling future credit card sales or business accounts receivables to obtain capital. As such, there is no need to worry about having to make monthly payments for settling the Merchant Cash Advance. Interestingly, Lighthouse Business Capital does not require you to have a great credit score in order to qualify for a Merchant Cash Advance. As a matter of fact, you can use the funding provided by Lighthouse Business Capital to pay off debt and improve your business trade credit!
Running a business can cause you to experience substantial stress if you are short on cashflow or have unexpected expenses. Lighthouse Business Capital can provide you with a Merchant Cash Advance and help to alleviate some of the financial stress. You can fix the problem that your firm is facing using this cash inflow while tied funds from slow paying customers to settle in. This will help you to get back on track and proceed to rake in the profits.
A Merchant Cash Advance is a great way to get some much-needed cash for your business. Lighthouse Business Capital is a specialized company in this space. We perform quick application reviews and exhibit high rates of approval via our tailored underwriting models. Find out which solution is best for your business by simply filling out an application today and one of our dedicated Account Executives will contact you for a free consulting call!