Retail can be a lucrative and fickle industry. During times of plenty, business is booming and you can hardly keep up with demand. By contrast during times of economic downturn, clothing, accessories and other niceties are often the first items to be eliminated from the collective budget, making the business of predicting the market an impossible feat. When the costs mount up and you can't afford to restock high demand items, it creates a compounded loss of income which can quickly sink an enterprise. This is why nearly one third of all retails shops close their doors within two years of opening them. It's also why many of the survivors seek alternative lending solutions to keep their business afloat. A merchant cash advance provides just the right amount of flexibility and financial relief to tackle a lot of the costs and obstacles that retailers face. Since repayment is made based on your credit card sales,
Since it is not a bank or business loan, the terms and requirements for a cash advance are a lot more simple and expedient. If you've been operating for at least six months, your business is already eligible for our free application process. Once approved, funds will be provided within 48 hours, directly to your bank account. Our automated system is built on incremental payments. Each credit/debit card sale you make pays off the balance, so when you won't be saddled with a large bill every month. A merchant cash advance is settled by its own source -your credit/debit sales and bank withdrawals, for a nominal factor rate. Talk to one of our specialists today and find out how a cash advance can help you attain your business goals.
By using your business’s future receivables or daily credit card sales, your business can qualify for up to $250,000 in the form of a Business Cash Advance.
Claremont Advance specializes in securing working capital for small, medium and large sized businesses. Industries like Retail, Auto Repair, Restaurants, Medical and Dental Practices, and many more rely on cash advances to sustain and grow over time.
You do not need perfect credit to qualify for working capital. We simply purchase your future receivables or daily cash sales upfront and give you the cash your business needs.
We've used this service 4 times and it helped increase our sales exponentially. The staff is great to work with and really knows their stuff.Chris Barrington
Not only was the staff super helpful, but very friendly and easy to talk to. I had many questions/doubts but they were happy to address them all.Janine Vega
For short term capital there is no better solution, especially if your personal credit isn't great, they can still make it happen.Ryan Segel