MERCHANT CASH ADVANCE
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Merchant Cash Advances are the fasted way to get money.
Merchant cash advances, while fast and convenient, tend to be worth their price only if you’re confident you can repay them quickly and without much harm done to your cash flow.
What is a Merchant Cash Advance?
With a merchant cash advance from Big Tex Capital, our lenders advance you capital in exchange for a percentage of your daily credit card sales, plus a fee. Merchant cash advances can be quick, easy ways to get a business cash advance with no need for collateral even if you don’t have a great credit score.
Maximum Loan Amount Of $2,500 to $250,000
If you have little or no collateral, limited business history, or a low credit rating, merchant cash advances could be a solution to your financing problems.
Paid Daily from your Merchant Account
In return for that lump sum advance, you agree to pay Big Tex Capital back with a percentage of your daily credit card sales. This is the fastest financing option there is.
Factor Rate of 1.10 - 1.50
Big Tex Capital measures your fees with a factor rate instead of an interest rate. Converted to APR, these rates often start at 15% but can get all the way up to triple digits.
Get Your Cash as fast as 2 Days
Big Tex Capital will make it our mission that once you are approved for a Merchant Cash Advance that we will get you your money as fast as 2 days if not in a single day.
Who Qualifies for a Merchant Cash Advance?
If you have little or no collateral, limited business history, or a low credit rating, merchant cash advances could be a solution to your financing problems. For businesses that make a big portion of their revenue through credit card payments; if you own a restaurant or a retail store, for example, then you can use a merchant cash advance as a short term financing tool. It can help with working capital, inventory purchases, debt payments, unexpected payments, and more.
How to Apply for a Merchant Cash Advance?
Applying to a merchant cash advance is a fast and easy process. Because merchant cash advances are paid back with your daily credit card sales, Big Tex Capital will look at your credit card processing statements to make sure you have enough volume coming into the business. Big Tex Capital might ask for your credit score and bank statements as well.
How Do Merchant Cash Advances Work?
BigTex Capital helps businesses get funding in all shapes and sizes… Every business could use some extra capital. But applying for loans takes time and energy that you might not have. In return for that lump sum advance, you agree to pay Big Tex Capital back with a percentage of your daily credit card sales. While a merchant cash advance is definitely one of the faster financing options out there, it is the most expensive loan on the market.
What Will a Merchant Cash Advance Cost You?
We’ve said it over and over: A merchant cash advance can be very expensive. And based on the structure, taking on a merchant cash advance can really take a chunk out of your cash flow. Merchant cash advances, while fast and convenient, tend to be worth their price only if you’re confident you can repay them quickly and without much harm done to your cash flow.
Big Tex Makes It Easier!
We know how much time it takes to run a business, so at Big Tex Capital we help you get a business loan in less time than our competitors. The team at Big Tex Capital will help you with the following:
SIMPLE APPLICATION STEPS
Big Tex Capital has designed and developed an all in one online Application that you can complete in just minutes. Sign and upload with your finger!
ACCESS TO MULTIPLE LENDERS
Big Tex Capital has partnered up with over 100 lenders to try to find your business the best possible loan and the most competitive rate.