Are you low on cash and need working capital to fund operations quickly? Don’t want the fixed monthly payment of a traditional business loan? A Merchant Cash Advance from Kirk+Co is the perfect solution for your business funding needs. A Merchant Cash Advance is an excellent way to access working capital in a “cash-flow friendly” way by making daily remittances.
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A Merchant Cash Advance is a type of funding that is not a loan. It is a purchase of a fixed dollar amount of a business’s future credit and debit card receivables. The Merchant Cash Advance provider purchases a specified dollar amount of your business’ future debit and credit card sales at a discount. Your business, instead of paying one large fixed monthly payment until a set maturity date like a loan, remits a fixed percentage of its daily debit and credit card revenue automatically until the specified amount of purchased receivables is remitted in full to the MCA provider.
- Regular and/or On-Going Operations: paying employees, travel, training, and research and development
- Business Assets: equipment, inventory, paying vendors, vehicles, and technology
- Cost Management: seasonal downturns, renovations, business improvements, mergers, acquisitions, and business opportunities for expansion or growth
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