During this tough time, many small businesses are struggling to maintain profits and keep their doors open. More than 100,000 small businesses have closed as a result of the COVID-19 pandemic, despite the fact that the government has issued billions of dollars in support. According to a recent study, over two percent of small businesses have been closed, and the numbers are even higher for the restaurant industry where they reach approximately three percent.
To help combat these troubling statistics, FlashBanc is here to offer our Merchant Cash Advance Program. In these unprecedented times, we are happy to be able to offer cash advances of up to $300,000. Keep reading to learn more!
Fast, Easy, and Flexible
If you’ve ever tried to apply for a bank loan to help support your business, you know how frustrating the process can be. The business loan application process can take an enormous amount of time and effort. Additionally, the chances of getting approved for a small business loan are slim, unless you have great credit. Best case scenario, you’re approved for a loan, but it can take months to receive the funds. During this pandemic, waiting a few months for an infusion of cash into your business simply isn’t an option. As far as support from the government goes, a majority of the loans and grants available are part of the Paycheck Protection Program (PPP). Although these funds are undoubtedly helpful, they can only be used for certain business expenses and they are heavily focused on covering payroll expenses. PPP was designed to help save jobs, but there are many stipulations for participating, and the funds often only cover a few months of payroll expenses.
In contrast to regular bank loans and funds available through PPP, our Merchant Cash Advance Program offers high approval rates, fast funding, and no business-use restrictions. Even if your credit is less than perfect, we can offer your business cash advances of up to $300,000 to help you through this tough time. The way our program works is we’ll provide you with working capital against future credit card sales from your customers. As your customers make purchases, repayment of the funds will be collected automatically. Most importantly, we provide fast funding, which is so important during this pandemic. While many banks will take weeks or even months to provide funds, we offer cash advances within days! This can mean the difference between saving your business or closing your doors. Imagine what this cash advance can do for your business. You can pay for rent, taxes, payroll, marketing campaigns, business expansion efforts, or any unexpected expenses that arise. The flexibility of our program will allow you to do whatever it takes to keep your business going. There are so many businesses struggling right now and our goal is to provide them with the assistance they need to keep their livelihoods alive.
Get Started Today
If you are interested in our Merchant Cash Advance Program, please contact us today! We will be happy to provide additional information about the process and how FlashBanc can assist you and your business. We will make it through this hard time together.