An Alternative to the Traditional Bank Loan: The SJB Growth Capital Merchant Cash Advance
If you are looking for an alternative to the traditional small business bank loan, a merchant cash advance through SJB Growth Capital may be the right option for your company. This type of cash advance allows you to access funds more quickly than waiting for traditionally structured loan, usually within one week.
How Is the Cash Advance Structured?
SJB Growth Capital will provide a cash advance of up to $200,000 against your company’s merchant account. The funds are repaid through the future credit card sales your business receives, so repayment is simple and ends when your sales reach the total repayment sum.
What Are the Benefits?
The easy repayment structure allows you to avoid large loan payments due each month, no matter how high or low your total sales are that month. Other benefits of a merchant cash advance include:
- No application fee
- Quick approval and access to cash
- Approvals typically based on performance more than credit score
- No closing costs
- No equity loss
Without the need for application fees, closing costs, and a long waiting period, you can save time and cash that you need to start improving your business right away.
Contact Us for More Information
You can learn more about how our merchant cash advance program can give you freedom to manage your cash flow while on a repayment plan by calling a finance specialist at SJB Growth Capital today.