What is a Merchant Cash Advance | Benefits of Merchant Cash Advances | Uses for Merchant Cash Advance| Payment Schedule| Program Requirements

 

 

What is a Merchant Cash Advance?


Advanceit is the only Canadian source of Merchant Cash Advances. We provide our customers with financing to help grow their businesses! Unlike traditional loans, Merchant Cash Advances have no fixed payments, timeframe or interest rates. It is the purchase of future debit and credit card sales at a discount and it is repaid directly through a small percentage of your daily sales transactions. In order to obtain this business loan alternative, customers must have a relationship with an approved merchant service provider, for your Interac and Credit Card Processing.

Advanceit approves businesses in industries that banks often reject and makes the process of obtaining business financing easier and more accessible than through traditional loans. We understand the unique challenges that small businesses face when trying to acquire funding. That’s why our program is tailored to help Canadian Small and Medium-Sized Enterprises (SMEs) achieve growth and increased profitability without having to deal with the red-tape encountered when dealing with financial institutions. Business owners do not have to put up outside collateral to qualify or go through the loan-qualification process. If your business has a slow month, you will not have to struggle to come up with a loan payment. Ensuring that we only get paid once you get paid!