North American Bancard cash advance program
Our cash advance program will provide you with working capital that you can use to advertise, remodel, expand your business, and much more. A sluggish economy can be hard on a business. We understand! You must continue to grow your business while at the same time cover your expenses. Fortunately, an advance on your merchant account is a great alternative. You might not have access to a credit line, or maybe you don’t have time to go through a lengthy application process, in either case an advance can be helpful.
A cash advance is more flexible as compared to a conventional loan because there is no fixed monthly payment. Your advance and payment amount is based on your future sales rather than being fixed. You pay back the advance through a small agreed upon percentage of your daily credit card sales. You make payments while you make sales, in contrast to being locked into a fixed monthly payment when sales are low. The advance does not have to be paid off during any particular time frame either. For these reasons, a cash advance is more convenient and flexible than a conventional loan.
Most importantly, you do not have to put up collateral or pay off the advance in any given time frame.
You will benefit from a cash advance because:
- There is no lengthy loan application process
- You do not have to undergo a credit check
- No collateral is required
- There is no fixed monthly payment
- There is no fixed time frame for repaying the advance