At Aries, a merchant cash advance gets you the capital you need to grow your business. It’s a simple financing solution based on future credit card sales. Reap the benefits of our flexible and affordable payments, as this type of merchant financing is paid on a daily basis or as a percentage of your credit card sales. This is a great solution for businesses with fluctuating or seasonal sales or those trying out new products or marketing opportunities. Payments can be made daily or even weekly.
Your business can qualify for a cash advance even if you don’t accept credit cards. With our Bank Only ACH program, you’ll receive your funding as a lump sum, and repay it in predetermined daily or weekly installments, which are determined after a review of the overall health of your business. This means that your repayment terms are based on what you can afford.
Within the context of an MCA, the term “holdback” is probably the least familiar. The holdback amount is the percentage of daily credit card sales applied to your advance. The holdback percentage (typically between 10 percent and 20 percent) is usually fixed until the advance is completely repaid. Since repayment is based upon a percentage of the daily balance in the merchant account, the more credit card transactions a business does, the faster they’re able to repay the advance. If transactions are lower on any given day than expected, the draw from the merchant account will be less. In other words, the payback is typically relative to the incoming credit card receipts.
Managing corporate financials can be challenging for any business owner or executive. At Aries Advance, our team of small business experts combined with our alternative funding options will give you the financial means to secure the future of your business, today.