What is Revenue Based Financing?
A financing tool that provides businesses with same-day capital to deploy towards your business operation, Also Known as an MCA
How does a "Fast Cash" Revenue Based Advance Actually Work?
A Revenue Based Financing (also known as a Merchant Cash Advance) is a sum of money given to a business in exchange for the future receivables of that business over an agreed-upon time period
There are 4 main areas that businesses can focus on to make the most of their advance.
1. Create New Revenue Streams
New capital can mean an opportunity to expand your business' revenue streams. Use fresh capital to create new areas where customers can interact with your brand.
2. Improve Operations
Improving and adding to your place of business can be a strategic use of an advance. Often this is focused on reducing operational costs. Think of what equipment, software, or person will bolster the success of your business.
3. Fix On-Going Business Problems
There could be something in your business that's going very wrong, and until it's resolved, the company will operate inefficiently. Capital from a merchant cash advance can be put to quick use to erase whatever issue is hurting your business.
4. Jump at an Opportunity
Opportunities can present themselves out of nowhere. Almost anything that can boost your business will require capital and is time-sensitive. Fast funding from an MCA allows you to move quickly and capitalize on the opportunity.
