Also known as Alternative Financing or Accounts Receivable Financing.
We have provided this type of funding to thousands of merchants. Merchants in every state have seen the benefits and we would be glad to include you. Your benefit can include money to expand, advertising money, additional locations, new equipment, renovations, or to buy out a partner. Merchant
Cash Advance is different from traditional methods in that-
- The funding does not require a personal guarantee.
- You do not need perfect credit.
- No set monthly payment.
- The approval and funding will be much faster.
- You do not need to have a specific plan for the funding.
- It is not linked to an interest rate since it is being driven by your sales.
- There is no time frame on payback or penalty for longer paybacks.
- No other hidden costs.
The funding is based on your current sales volume. Future sales are sold at a discounted price. The balance on this is lowered by deducting a small percentage of your future sales. The moving parts for this product involve the cost and effect on cash flow. Both parts are negotiable, but not all companies will give you every option out there. Shark Funds will isolate which are the most important issues to you and find
the program with the company that will fit your needs.
Our typical steps involved in the Merchant Cash Advance process are:
1. Your Needs
Shark Funds will contact you to discuss your unique individual situation and
put your needs first. We determine the best direction to accommodate your funding
needs. Merchant documents are generally requested. These may include bank statements,
credit card statements and other misc. business documents.
2. Evaluation
Our management team evaluates your needs and identifies the best lender. This
step is where Shark Funds is unique from any other Merchant Cash Advance provider.
We will then discuss your available options, make our recommendation, and provide
you with an executable contract.
3. Approval
At this point any additional documentation or issues are addressed. We strive
to limit this step by getting accurate information from the merchant at the
start of this process.
4. Funding
This process can happen in days or weeks. We do not make false promises
about the timing of your funding just to get your business.
Since each merchant is
unique, each timeframe for funding varies. Finally the
funds are directly deposited into your business account.
Shark Funds is your source for Merchant Cash Advance.
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