Allstate Merchants Services

The Ins and Outs of a Merchant Cash Advance


The good thing about the merchant cash advance, also referred to as a merchant loan or credit card advance is that it is much easier to qualify than a traditional loan - even with blemished credit. Unlike traditional banks, merchant cash advance companies like Allstate Merchant Services is that we focus on a company’s overall sales volume.

How to Pay Back Your Merchant Cash Advance

This process is the actually simple. Even before you’re given a cash advance, your credit card processor is pre-programmed to get a small portion of your credit card sales daily. This amount is used to pay the merchant cash advance company back, slowly but surely. In doing so, you avoid the checks and late fees.

Applying for a Merchant Cash Advance

After completing an application, you will be asked to present important information such as your monthly mortgage or lease information. You will also be asked to include proof of ownership and your most recent bank statements. Getting approved does not take as long as a traditional bank loan. You can get approved within 24 – 72 hours and receive your cash advance within 7 days or less.



If you need to find out if a merchant cash advance is good for your business, click the following link.