Merchant Loans
Merchant loans are designed to meet your business’s financial needs. Whether you’re looking to expand, improve operations, invest in growth, or manage day-to-day expenses, merchant loans offer quick, flexible funding options.
What Is a Merchant Loan?
Merchant loans provide fast, revenue-based funding—especially useful for businesses with steady credit card transactions. They offer quick access to cash for expansion, managing cash flow, or addressing seasonal fluctuations.
How Merchant Loans Work
- You receive a lump sum based on anticipated future card sales.
- A set percentage of daily credit card revenue is automatically deducted to repay the loan.
- Repayment continues until the original advance, fees, and commission are fully paid.
- Most loans are repaid within about six months, depending on your sales volume.
You can budget with confidence, as the advance and fees are defined upfront.
Key Features
- Fast funding and approval: Often available within a few days.
- Flexible repayments: Payments adjust with sales volume, easing pressure during slow periods.
- No collateral: Typically unsecured and based on revenue, not assets.
- Revenue-based structure: Repayment scales with business performance.
Why Use a Merchant Loan?
Merchant loans help businesses act quickly on opportunities or cover urgent needs without lengthy approval timelines. They’re ideal for:
- Businesses with high credit card sales (e.g., restaurants, retailers, service providers)
- Companies that may not qualify for traditional bank loans
- Seasonal businesses needing repayment terms that align with revenue
How to Apply
- Assess your needs: Know how much capital you require.
- Research lenders: Compare terms, costs, and reputation.
- Gather documents: Include sales reports, bank statements, and business info.
- Submit your application: Apply online or directly with your chosen lender.
- Use the funds: Once approved, allocate the money where it’s needed and follow the repayment schedule.
Are You a Good Fit?
Merchant loans (also known as merchant cash advances) work best for businesses that:
- Have been operating for at least 6 months
- Show consistent monthly sales
- Need fast cash and flexible repayment options
Merchant Loans vs. Traditional Loans
- Application process: Faster and requires fewer documents
- Repayment terms: Adjusts with income, unlike fixed loan payments
- Accessibility: Easier to qualify with less-than-perfect credit
Fast Business Funding Without a Bank
Need cash fast without the bank hassle? Merchant loans let you borrow against future sales. They’re perfect for businesses with fluctuating income, and approval often comes in just a few days. With only basic financial records and steady sales, you could qualify quickly.
Next Steps
If traditional loans aren’t an option and you need funding fast, a merchant loan might be the right solution. Contact Swish Funding today to find out how we can help you grow your business quickly and efficiently.