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1. Get Your Salon Business Stand Out With Merchant Cash
Advance
You own a salon business and need quick funding and you thought it’s almost impossible to get quick
financing with banks? If banks turned you down, what’s the best alternative available? Merchant Cash
Advance can be your best funding solution for your salon business. Getting funding from merchant cash
advance is simple, fast, and easy. One page loan application, 2 days approval process, and cash in your
business within 5 business days, isn’t it stunning!
How Merchant Cash Advance Benefit Businesses
A cash advance benefit your salon businesses in many ways including, although cash advances aren’t
limited to new equipment purchases, promotional initiatives, paying staff, or purchasing a brand new POS
system. It serves as a lifeline for your salon when problems pop up: the disparity between remaining
open, mixing up the funds, or closing the doors.
Traditional Bank Hurdles
Due to stiff economy, current business atmosphere is challenging for small businesses, especially for
salons, and barber shops. Traditional lenders are unwilling to offer lending to small businesses. At the
very least, retailers find the documents irresistible and burdensome. With merchant cash advance
funding, this isn’t the situation as your personal credit isn’t a crucial element.
Cash Advance Amount
A merchant cash advance isn’t a loan but it’s an advance on your predictable credit card sales. The cash
advance lenders review your 6 months credit statements to analyze your average monthly processing
volume: an average advance equals one month’s sales, greater in some instances.
Eligibility Criteria
Every cash advance lender have different qualifications, approval process, funding amounts and
repayment schedule, though, borrowers must fulfill some essential requirements crucial to acquire
a merchant cash advance. As compared to traditional lending, the eligibility criteria is simple:
 You must be in business for at least 12 months.
 You must have Credit Card Processing Claims of 6 months.
 You must provide your Landlord contact details.
Scrutiny Of Shop
Every lender access the scrutiny of your shop for not less than 12 months. Longer staying in business will
ensure lenders that your business is well-established and on wheels throughout the cash advance period.
A rent and site inspection might be carried out by approaching to your landlord.

2. Cash Advance Repayment Terms
The repayment period of merchant cash advance typically ranges from 5 to 12 months, and signifies 10%
– 20% of the daily credit card sales. Payments are directly taken from sales, which makes the repayment
process more easy and painless. The objective of the merchant cash advance is to aid in your business
growth; the funding companies will keep the terms pretty simple. Also, many cash advance lenders will
renew your cash advance once 60% of the amount is compensated. Many salon businesses
find merchant cash advance expedient and renew their funding at least once in a year.
You will find a lot of reasons which stimulates the cash needs for a salon or barber shop and you will find
many funding solutions available. A merchant cash advance is the best alternative for a loan and by
taking benefit of your charge card processing history, you can secure the fast and quick financing for your
business.