Mega M’s Merchant Cash Advance is not a typical business loan, but rather an advance against Visa and MasterCard merchant account receipts. It is repaid through the merchant account itself.
As a merchant, you can sell a specific amount of your future credit card sales and receive payment now to be used to build and strengthen your business.
Once approved, the cash advance is deposited directly into your bank account. Payback is made through an automated deduction from your merchant account of an agreed upon percentage of your net settled credit card sales. There is no interest rate – you agree to payback a predetermined amount. Also, there is no “term”, but rather it’s a percentage of your settlement. Your payback time varies with the amount of your card sales.
Do you have outstanding invoices that you would like to sell? Not a problem. Our accounts receivable factoring program gives you the money you need, quick.It’s fast and easy. We will purchase your outstanding receivables to give you the cash infusion required.
Mega M offers a vast array of finance and lending companies nationwide. Whether you need to lease a single Point-of-Sale system or large capital purchase for business, we have a program that will fit your needs. Leasing gives you the ability to purchase new equipment with a minimal down payment and enjoy the tax benefits of deducting 100 percent of your payment.
If you’re pursuing significant investment capital or are considering a sale or merger, let our extensive network of financial professionals locate the right partner for your company. Mega M has formed strategic partnerships in order to help locate potential investors and/or interested parties looking to make acquisitions. Call today for more information.