MAY 15, 2020 | MASON ROBERTS
So, you’ve decided to start your own business and require the fast funding that only a merchant cash advance can provide! Nextwave Funding has you covered, but you may come to find that you also have some questions that need answering. You’re not alone, because the best course of action that one should take includes never jumping head first into a national or small business venture without becoming fully informed. The following are just a few of the questions that you should ask before acquiring the fast funding of your merchant cash advance. Perhaps you will also find out why you should choose this fast funding vs other means of money acquisition.
1. What About The Slow Months? Will My Business Survive With An MCA?
First of all, you may wonder just how a merchant cash advance works. You might confuse them with other methods of money acquisition. However, you must consider what makes merchant cash advances stand apart. Other methods have you receive a lump sum with many restrictions vs the fast funding of a merchant cash advance.
An MCA has you receive your money electronically in from 24 to 72 hours, and it is satisfied over the term as a percentage of future revenue. This means that your money comes as you need it, even during the slow months. You are still covered and don’t have to worry about running out of funds. You don’t even need good credit to sign up for your merchant cash advance!
2. What If I Need More Fast Funding Than I Initially Sign Up For?
The speedy merchant cash advances of Nextwave Funding are not only quick, but they can account for businesses of any size. Depending on the need and size of your business, you can typically ask for from $10,000 to $2 million in funding. Then you develop that feeling in the pit of your stomach. You have realized that you may need more funding than what you initially guessed.
It may please you to know that certain exclusive funding opportunities exist for those who require even more. This is despite the fact that $2 million will usually be more than enough. For more specific information per your situation, please contact your funding advisor at Nextwave Funding.
3. How And Where Do I Even Use A Merchant Cash Advance
When, where, and how one uses the fast funding of a Nextwave Funding merchant cash advance is completely in the hands of the customer. If you are truly at a loss of ideas for how to spend your merchant cash advance, we have some excellent ideas that could really help you out. You might have already made significant headway in your business industry. Don't worry. You can use the money to refurbish your store or open up a completely new location if you wish.
Efficiency might be an issue with your small business. You can spend it on measures to increase productivity, such as the latest technology, to keep things moving. However, most customers use the money to restock their supplies or product. It doesn’t matter, because once you have your merchant cash advance, no one can tell you how to spend your business funding!
4. What Do I Need To Provide When Signing Up For My MCA?
At this point, receiving funding to make headway in your national or small business might start to sound like a good idea to you. Now you find yourself wondering what is required of you to make this a reality. Luckily, the process doesn’t ask much from you. All that you really need to do includes filling out a one page application found on the Nextwave Funding website.
You must also provide four months of bank statements. You can take as long as you like to fill out the application and sign the contract. This quick and easy process is one of many reasons why it only takes from 24 to 72 hours to receive the necessary fast funding for your business.
The Fast Funding Of A Merchant Cash Advance Can’t Be Beat
When you look at other options, they just don’t compare to the funding institution that customers have relied on for years: Nextwave Funding. You can get your money in from 24 to 72 hours. You don’t even have to possess good credit to do it.
There’s no reason to put off your life any longer and start your business! Give Nextwave Funding a call today, and see what they can do for you! Let your ideas for a brand new business come alive and finally be your own boss!