What Makes Us Different
Entrust Cash Advance is not your ordinary merchant cash advance provider. The owners of Entrust Cash Advance manage the day to day operations while always adding a personal touch to the business.
As former small business owners, we know how frustrating it can be to find alternative small business funding – especially when banks turn down your request. Coming from entrepreneurs like ourselves, we understand the difficulties of managing a small business, which is why we treat each of our clients as would-be partners. We invest in businesses we believe will succeed and prosper thus becoming a tool for growth.
Our personal touch and business understanding makes us one of the most sought-after merchant cash advance providers on the market today. Our clients are so satisfied and happy with our services that 87% of them apply for a renewed cash advance with us.
For entrepreneurs, it is common knowledge that it takes money to earn money. Ask any business-minded person how they are faring in the current economic setting and they will tell you that it can be frustrating to find additional business funding – especially when you have an excellent business idea but still turned down by banks or other lenders. Most banks typically require a number of requirements to secure a loan and you have to convince your loan officer that your business idea will work.
The good news is that there are alternative sources of financing for small to medium-sized businesses other than banks and other mainstream lenders. The most popular is called a merchant cash advance (MCA), also known as credit card factoring.
Why is it popular? Unlike banks, merchant cash advance providers don’t require any collateral, no fixed term of repayment, no late payments, no penalties or surcharges and approval time is quick. The borrower has the flexibility of spending the money in any business-related expense, be it refinancing the existing business, remodeling an office, upgrading tools and equipments, as an addition to the working capital, marketing or payroll.
So how does a merchant cash advance work?
The provider purchases credit card receivables from the merchant borrower. That is, the provider advances money on the borrower’s future credit card receipts. In essence, merchant cash advance is not a loan to the client receiving the money. Rather than borrowing money, the merchant is selling an interest in his or her future credit card receivables.
