Merchant Cash Group is committed to not only pleasing its merchants but also pleasing its ISOs and sales agents through proven pay-for-performance incentives.  We pay what we say with no caveats.  Our funding programs and commissions are attractive for agents who understand and who are committed to selling our product.  With two funding programs, Fast Funding and Traditional, MCG boasts excellent merchant appeal as well.

Our starter program, Fast Funding, has been established to service the funding needs of merchants who do not qualify for traditional merchant cash programs, and to provide an outlet for agents’ declined paper.  Almost every merchant who is processing at least $4,000 qualifies for Fast Funding since we allow liens and judgments, and FICO scores sub 550.  Funding amounts range from $2,000 to $10,000 and the merchant receives the funds in as little as 48 hours from submission.  Our agents love this product because everything really does happen fast.  Fast approvals, fast funding, and fast renewals.  All of this means that you also earn commissions fast and frequently.  A typical starter advance gets funded 6 to 8 times a year and that equals more renewal commissions for our agents.  Commissions are paid the same day the merchant is funded and agents keep 100% of the processing residuals.

Now on to the best part of this post.  To boost commissions even further, for the month of July only, Merchant Cash Group is offering a special commission structure for all deals submitted during this month and deal incentives to our top-performing ISOs.  Here are the details:

1.       For all Fast Funding deals that are submitted and funded in the month of July, you will receive an upfront commission of 10%.  Normally, commissions are split between the front-end and the back-end of the advance, but for a limited time you can receive your entire 10% upon funding. 

2.       For the top-performing ISOs, we are giving three different bonuses.  For the ISO who gets the most deals funded (25 deal minimum), we will pay $10,000; the second best performer (15 deal minimum) will receive $5,000; and the third best performer (10 deal minimum) will receive $2,500.

If you have not yet signed up to be a sales partner for MCG and would like to, you can be set up within 24 hours by sending an email to andrewr@merchantcashgroup.com or by calling Andy Roberts at 1-866-610-6569 ext 45 to request an agent packet.  Andy is our Business Partnership Developer and he is more than willing to provide agents with all of the tools they need, including sales training in a variety of forms, to be a successful extension of MCG.

In today’s tough economical times small business owners have had to really make hard decisions to stay ahead of the game.  One valuable practice for small business owners is to be able to have cash freed up for various reasons.  The reason could be inventory, expansion, repairs, advertisement and payroll.  This is why the MCA has become such a great and valuable tool for the small business owner.  This is done when the merchant cash advance provider purchases the business owner’s future credit card sales.  The provider will “advance” the merchant up to $500,000, upfront and then, instead of requiring that the merchant make fixed monthly payments, the provider will automatically deduct a small percentage of the business’s daily credit card sales.  With this method, the borrower only pays down his/her business cash advances when his/her business makes sales.

Small business owners who’ve exhausted all other routes or who simply want to take advantage of a simple and easy business funding method are encouraged to take advantage of the benefits that business cash advance provides, such as:

• Can use funds anyway they choose
• Approved in 48 hours or less
• Can be funded in 5-7 days
• Eligible to renew advance in 3-4 months

It’s been my experience that if the business owner is discipline in how he spends the advance and it’s used to enhance the business model than that is where a business owner is able to really leverage the funds they receive. 

Cash flow is:

• The movement of cash into or out of a business
• The excess of cash revenues over cash outlays in a given period of time
• The cash, as opposed to the profit, generated by a business

However you put it, cash flow is an important part of any small business and is therefore, much-needed by small business owners especially when the banking institutions aren’t lending to solid small business owners.

So how does one go about increasing cash flow?  First, the business owner must find a business funding method that is suitable, preferably one that offers various benefits, such as the Merchant Cash Advance.  The credit card advance allows small business owners to optimize their business’s daily credit card sales, turning them into up to $500,000 in business funds.

Based on monthly credit card sales, is how a merchant is advanced a business owner. Then, instead of requiring the merchant to make fixed monthly payments on the advance, a small percentage of the business’s daily credit card sales are automatically deducted, until the entire advance is repaid.  This usually takes about six to eight months. 

As mentioned in our previous blog the advantages of a MCA are noted below.

• Unsecured
• 48-hour approval
• Funding in as little as seven business days
• Minimal requirements
• Flexible repayments
• Renewal opportunities every three to four months

With the economy taken a dive the past 24 months no business types have taken a beating more than the mom and pop small business.  The mom and pop business has been for years the back bone of this great capitalistic society and today 99% of all financial institutions will not even look at small business who's applying for a loan.  That is where the MCA or Merchant Cash Advance has stepped up and creative a means for small business owners to get their hands on some financial help based on how much their business is processing in Visa, MC and discover card.  Below you will find 8 key points as to why the MCA is such a great offering to the small business owner and also why so many merchants are applying for this product.

1. It’s unsecured: No collateral to qualify.

2. It can be renewed: After 80% pay back of the advance the merchant can renew for a new amount and advance.

3. Merchants are can be funded in as little as 5 business days: Please note that Merchant must turn in a complete application packet to be funded in 5 days.

4. There are no restrictions on how the funds can be used: Merchants can use their advance for payroll, inventory, a line of credit and cash flow.

5. Easy requirements: A merchant must have owed his/her business for at least six months, have no unresolved bankruptcies, have at least one year remaining on the business lease and process a minimum of $4000 in monthly credit card sales.

6. Applicants can be approved in 48 hours: Most providers will update an applicant on the status of his/her application only 48 hours after the application is submitted.

7. Merchants can get up to $200,000: Funding is dependent upon a merchant’s monthly credit card sales. However, merchants can potentially receive up to $200,000 for their businesses at a time.

8. Repayments are flexible: We deduct a small percentage from daily credit card sales to repay the advance. With this method, the payments go with the flow of the business.