ACH Processing

Many lenders out there who offer business cash advances will only review your application if your business processes credit cards. Here at Mega Fund Direct USA that’s not the case though; because we use a pioneering bank-only ACH program. This means that you can obtain a business cash advance from us, without the need for accepting credit card payments in your business. We offer business cash advances of up to $1 million.

The cash advance repayments work like this; you bank your daily takings as usual, then each month a small percentage of those sales will be taken as a repayment. It’s all automated – and it means that in months where your sales aren’t quite as strong as they should be, your repayments are less. Because a cash advance is not a loan, it doesn’t matter that you’re paying off less because interest is not being accrued on the debt.

Paying back a cash advance is really simple – there’s nothing you need to do on your end like send off a check or make a bank transfer because it’s done automatically. You’ll agree the percentage of sales to be repaid each month so you won’t be in for any nasty shocks. By making repayments on a percentage basis you won’t have to repay in fixed lump sums that could at some point become unaffordable for your company. If the sales aren’t there, your repayment will be low – it’s as simple as that.

A cash advance gives you flexibility and importantly of all that finance that you need for your business. The majority of our clients pay back their cash advances within 6-8 months. If you need more or less time though, this is not an issue. Remember a cash advance is not the same as a bank loan – so you don’t rack up massive interest charges as time progresses.

We won’t ask you for collateral when we issue you with a cash advance – which is a huge advantage for a lot of business owners. The only thing to bear in mind is that there’s a small one-time fee involved for setup of the ACH processing program.

That’s all there is to it really. You no longer need to accept credit card payments in order to qualify for a merchant cash advance because here at Mega Fund Direct USA we have an innovative bank-only ACH processing program for our clients.

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