Cash flow challenges can affect businesses of all types, and sizes
Often, dips in revenue can cause anxiety for business owners. But there are options available.
Ebb and Flow
Cash flow is a scalable challenge. Whether you’re a large company that’s just been through a tremendous growth period, or a startup with limited resources and a long road ahead of you, fluctuations in revenue is the natural consequence of operating a business.
Many issues can contribute to falling revenue, including market volatility, shortcomings in your sales channel, or shifts in consumer behavior due to seasonality and trends. Although the reasons are many and varied, the results can hinder — and even hurt — business owners. Without assistance, debt can accrue, credit ratings can be damaged, and doors can close.
Merchant Cash Advance’s manageable, scalable repayment requirements allows merchants much more flexibility when considering MCA’s.
Cash Advance is Changing the Industry
Merchant Cash Advances are well-suited for helping to bridge the gap between fluctuations in revenue, while foregoing the stringent credit requirements and time-consuming process of applying for a traditional bank loan. Repayment terms are also less restrictive and based on incoming revenue, rather than utilizing a fixed monthly payment which can be difficult to manage during a lull in sales.
A Viable Solution
Dips in revenue can have terrible consequences for your business. Although you have choices, like cutting costs, renegotiating with your suppliers or service providers, exploring alternative funding options can be a viable solution to the natural downswing we all experience as business owners.
Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.
Pricing varies depending the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.
Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.
Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.
Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.
A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.
After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.
EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.