Looking for the best Merchant Cash Advance Companies? Here’s an insider’s guide.
So, you’ve decided to get a merchant cash advance but before you proceed you want to make sure your dealing with one of the best merchant cash advance companies out there. They all claim to be the best – but are they? Here’s a few questions to consider asking the funders directly. It’s a quick way to find out where they stand.
Direct funder – are you dealing with a servicing company or are you dealing with a direct funder?
Some companies aren’t the actual funders. Others might sell your account right after they fund you. The problem here is that there is very little flexibility with the rules. These companies will try to fit you into a certain box rather than customizing a solution that might be better suited for you and your business.
Customer service – do they have a dedicated customer service or concierge department?
This one should be pretty self-explanatory. Certain companies focus on excellent customer service – while others, sadly, do not.
How long is the program – 3 months, 6 months, over a year?
The best merchant cash advance companies have longer programs. This is important for two reasons. First, it provides you with more time to payback the advance, effectively lowering the rate. Second, it shows that they’re vested in the long-term success of your business.
The best merchant cash advance companies always prefer to deal with a well-informed client. So, go to their websites, call them up, ask them questions and get some clarity. Whichever company you choose, make sure they are transparent with the entire process. This should be a good forecast of what they’re like to deal with.
After reading this article it should be easier to find the best merchant cash advance company. Good luck on your search!
Interested in finding out more about Merchant Cash Advance?Click Here