Emerald Shores Funding
Emerald Shores Funding
Funding Within Reach
Funding Within Reach
Our Services
Our Services
If you own a business that earns anywhere from $200,000 to $5,000,000 a year, let Emerald Shores Funding assist you by providing the working capital you need. We offer merchant cash advance, and lines of credit to keep your business thriving. If you are interested in applying, you may get in touch with us by calling us here at (866)-253-2604.
Merchant Cash Advances
Merchant Cash Advances
What Is a Merchant Cash Advance
What Is a Merchant Cash Advance
A merchant cash advance, or MCA, is a quicker way for business owners to access funds to meet a short-term need. It is an alternative method compared to the lengthy, and document-intensive approval process that a traditional bank loan would require.
A merchant cash advance was originally structured as a lump sum payment to a business in exchange for an agreed-upon percentage of future credit card and/or debit card sales. The term is now commonly used to describe a variety of small business financing options characterized by short payment terms and small regular payments as opposed to the larger monthly payments and longer payment terms associated with traditional bank loans.
How Merchant Cash Advances Work
How Merchant Cash Advances Work
MCA providers look into the daily cash revenue and/or credit card receipts of the business to determine if they can pay back the amount on time. This means that business owners will be selling future cash revenue. and or credit card sales to acquire the funds immediately.
The business owner then enters an agreement with the Merchant Cash Provider. The two parties will then discuss financial matters such as the advance amount, payback amount(s), hold back amount, and term of the advance. Once an agreement is made, the cash advance will be transferred to the business bank account in exchange for deductions on future cash revenue, and or credit card transactions of
the business.
Benefits of Merchant Cash Advance
Benefits of Merchant Cash Advance
- Easy Application Process
- Faster Access to Capital
- High Approval Rate
- Less Financial Stress
- Revenue-Based Collection
- Secured Business Credit
Line of Credit
Line of Credit
Explaining Line of Credit
Explaining Line of Credit
A financial institution establishes an agreement with a customer on the maximum loan amount that the latter can borrow. This is called a line of credit (LOC). It allows the borrower to access funds from the LOC at any given time, as long as they do not exceed the agreed credit limit, and they meet other requirements such as timely repayments.
How It Works
How It Works
All Lines of Credit comprise of amounts that can be borrowed, paid back, and borrowed again. The lender sets the amount of interest, size of payments, and rules the borrower has to follow. Lines of Credit can be either secured (by collateral) or unsecured with the latter subjected to higher interest rates. When it comes to paying back, borrowers can adjust repayment amounts based on their budget flow.