Since traditional banks have tightened the loan eligibility criteria for small- scale businesses, especially startups, they have been looking for alternative financing solutions. Due to their bad credit ratings, the traditional loan providers have stopped funding these businesses. Alternative financing such as merchant cash advances turn out to be the best solution for these cash-struggling businesses.
A merchant cash advance is an easy and efficient alternative to traditional financing that offers an array of beneficial features including easy application, high approval rate, timely results and a simple repayment process. An ACH advance is a merchant cash advance transaction that is repaid through direct daily ACH bank debits and not from the merchant’s bank account. ACH payments offer an easy application and repayment process which makes it a preferred option over other financing methods.
