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Mary Linda Posted on Aug 04, 2015
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How Quickly Can I Have The Cash Advance?

How much time I have to wait to get a merchant cash advance?

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Veronica Mercy
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Following a complete contract qualifies and performed, funding is going to be available the moment your merchant processing account is converted and also the Merchant Cash Advance lender sees 2 days of net settlement.

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If you fulfill the eligibility criteria set by the bank or NBFC from which you are taking loan, and have all the documents ready for merchant cash advance, then your loan amount will get disbursed 5-6 days.

If you want the loan amount to be processed earlier then you can rely on Capital Float. They will deliver your funds within 72 hrs so that you don't waste time in covering an unexpected business expense.

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Related Questions:

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1answer

How to get merchant cash advance for my business?

The continuous cash flow is very important for every business. The merchant cash advance is a great option when a business needs quick funds as compared to loans. The collections are based on the revenue of the company. Capital Float is a one of the best and reputable merchant cash advance company in Indian financial marketplace. You can get quick merchant cash advance on apply online application. Capital Float offers cash advance up to 1 crore with a tenure of 6 to 12 months.
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1answer

What happens if I default on a merchant cash advance?

If you are looking for funds for your business, merchant cash advance is what you can go ahead with. Within a few days of submitting the merchant cash advance, your business will be getting funds.
Talking of defaulting merchant cash advance, what can come up as a result depends upon the agreement that you share with the cash advancing company. But in this scenario, you are likely to face a default with interest being charged upon the amount the debt and you can even be sued by the agency owing the money in a civil court.
Hence it is suggested to clear your loans at the earliest to avoid extra payment on the basis of 'loan interest' as well as unwanted legal hardship. By using prominent financial lending service like Capital Float, you'll receive enough time and ways to clear out the merchant cash advance to avoid being into defaulter list.
0helpful
1answer

What is needed to apply for a merchant cash advance loan?

These days businesses have started using cashless mode of transactions. They have started equipping themselves with card payment devices. If you have such a business then going for a merchant cash advance loan can be an easy process. Top merchant cash advance companies like Capital Float are providing loans on very simple terms. They are providing feature laden loans such as the range of credit available is one lakh to one crore. You only have to fulfill some conditions regarding your eligibility for availing a loan from them.

The conditions are:
  • Your business should be a minimum operational history of one year
  • Your business should have a minimum turnover of Rs.20L
  • Your minimum card acceptance vintage should be of minimum 6 months
  • Your minimum monthly card volume should be Rs.1L
  • Your settlements should be at least six per month
If you meet the above conditions then it is hassle free to acquire a merchant cash advance loan.
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1answer

What Types Of Businesses Can Qualify For Merchant Cash Advance?

Majority of businesses qualifies for merchant cash advance. The major determining factor of qualification is your business cash flow. However, most types of home-based businesses and cash providing services are difficult to get qualified.
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How Long Will I Have To Wait To Find Out If I Have Been Authorized For Cash Advance?

Preapproval for cash advance is generally acquired within 24-48 hours. Funding can take as little as two working days, based on the amount of the transaction and the time it takes to get the essential documents required to fund.
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1answer

Where Can I Use The Business Cash Advance?

The business cash advance is right for lots of different types of business. The business cash advance can be used in any manner you like to grow and expand your business, for example, renovation, expansion, stock, equipment upgrade, website development, opportunity investment and emergency funding.
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What Are The Benefits Of Merchant Cash Advances?

Your business will get funds within a few days of submitting your cash advance application. The program enables much versatility in administering cash flow; as the loan is just compensated back by your credit card transactions. Since the payment is directly associated with your company's sales, you do not have to bother about making payment or missing due dates.
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1answer

How Exactly Does Merchant Advisors Determine How Big A Merchant Cash Advance?

At Merchant Advisors, we make use of the average credit card volume during the last 4 months to look for the amount we approve for the business. We encourage you to definitely submit any documentation (bank claims or sales tax receipts, for instance) that supports your overall product sales. By doing this, we are able to approve the greatest amount possible.
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