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Fast Merchant Cash Advances for Businesses

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  • 601 21st St, Vero Beach, FL 32960
  • (727) 513-6983
  • hello@ejnfinancial.com
  • Sunday: Closed

Merchant Cash Advance - EJN Financial

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Our merchant cash advance is a powerful working capital tool for

Business that Need Quick Access to

Hands exchanging cash on a table with a laptop and documents, illustrating financial transactions related to merchant cash advances and business funding.

What is a Merchant Cash Advance?

A merchant cash advance or MCA is short-term financing used by businesses to meet financial and operational needs. A merchant cash advance is technically not a loan, it’s known as alternative business funding and not covered by the same rules and regulations as other types of financing such as a short-term loan from a conventional bank, small business loan, or term loan. The proceeds of an MCA and repayment of the cash advance are generally based on historical credit card or debit card sales; and future credit card/debit card receivables.

Put simply, we provide a lump sum amount of cash based on an anticipated amount of credit card/debit card sales from your business operations. The purpose of a merchant cash advance is to accelerate the business owner’s cash flow, allowing the capacity to take quick advantage of upcoming growth opportunities.

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What is Invoice Factoring, and how does it work at EJN Financial?
Invoice factoring, also known as accounts receivable factoring, is a financing method where a business sells its unpaid invoices to a factoring company in exchange for immediate cash. At EJN Financial, this service allows businesses to convert outstanding invoices into upfront capital, enhancing cash flow without incurring debt. Once the customer pays the invoice, the remaining balance is returned to the business owner, minus a fee.

EJN Financial’s invoice factoring offers several advantages:

  • Quick Access to Capital:Businesses can receive funding within 1-3 business days.

  • Improved Cash Flow:Immediate funds help manage operational expenses like payroll and inventory.

  • No Additional Debt:Since it’s not a loan, businesses avoid taking on new debt.

  • Flexible Terms:Suitable for businesses with varying credit profiles.

EJN Financial works with over 500 industry groups, including sectors like food service, healthcare, automotive, textiles, manufacturing, construction, technology, and retail. Eligibility isn’t solely based on credit scores; EJN focuses on the overall health and revenue of the business.
The approval process typically takes 24 to 48 hours after submitting the necessary documentation. Once approved, funds are usually deposited into the business’s bank account within 1-3 business days.
Unlike traditional loans that require periodic fixed payments and may depend heavily on credit scores, invoice factoring provides immediate cash based on outstanding invoices. This method doesn’t add debt to the business’s balance sheet and offers more flexibility, especially for businesses facing cash flow challenges due to slow-paying clients.