Merchant Cash Advance Blog

How Businesses are Obtaining Their Machinery Finance

   Thursday, 25 January 2018 11:46 PBC Blog

How Businesses are Obtaining Their Machinery Finance

Financing any part of a business is daunting, especially when it comes to having no one to turn too. There are many reasons why a lot of options would not cover you when it comes to borrowing from them.

When you know the options for the machinery finance, you’re better able to take advantage of what is out there. You do not want to find yourself searching for the best way to finance the business that you’re running and not knowing who to turn too. Every business and person’s situation is different, which is why it is important to consider what options are best based on the situation.

Every business looking for machinery finance has made their top choice on which option they prefer over the others, but you make your own.

Read More:Merchant Cash Advance and the Quest for Alternative Business Finance

Investors in the Business

Investors are not only one of the hardest people to get on board with your business if you do not have any, but if you have some then they might have already felt like they have invested enough into the business. While machinery finance is great to have, it might not be something that investors are interested in, depending on the numbers you’re seeing for profits. You have to give them something worthwhile.

Investors are great if you don’t want to jump through hoops with a credit check if you don’t want to worry about being denied and so on. They are there to help the business continue to grow. However, for smaller businesses or those that do not have investors; this would be much more difficult to obtain an investor to work in the first place, which is not always ideal.

Investors are less likely to be used by businesses seeking machinery finance over other forms of financial choices.

Small Business Loans

Small business loans are loans that can be obtained through institutes, credit unions or traditional banks. These banks are ideal to work with when it comes to obtaining financing in a secure way that is easily verifiable and it might be required in the business that you own, but this is something that you should consider and lookup depending on the business.

They are, however, harder to obtain since you have to have a great credit history and score, you have to have a long-standing business in the right industry and you have to let them know what you want the loan for, machinery finance and all. You need to make sure that you put in all of the application information and the documentation that is requested.

When it comes to using small business loans, not many people choose to use these because they’re much harder to get your hands on and they require much more from the business owner than what they actually have.

Sometimes they may not qualify for these loans at all, which brings many businesses looking towards other options that are out there for them to make use of.

Grants or Government Funds

Another option for getting the funds that are needed for the machinery finance they need is through government funds or grants. These are usually extremely hard to get since they require the business to go through a lot in order to qualify for them. Additionally, the person will have to provide an extremely large amount of proof to ensure that they are not lying on their application. Another big thing is that they have to qualify under the right industry, so when looking for machinery finance, if they don’t cover it, they won’t cover you.

This is a lot of work that a lot of companies do not want to do when it comes to just grabbing some cash for machinery finance and being able to get what they need when the time comes. Of course, there is always another choice when the first three do not pan out for the business and the next one does not require so many rules.

Merchant Cash Advances

Merchant cash advances are used by businesses everywhere, even those that are looking for machinery finance. With their help, you can ensure that you’re obtaining the financing that you need from a reputable provider.

The company does not need to be in business for years and they do not have to worry about their credit scores or history. They will loan to the person and ensure that they get what they need when it comes to covering the machinery finance or any other finance that they need to have covered because merchant cash advances are for everyone.

They only ask that the business be in business for 6 months or more and have steady revenue coming in every month. This is to ensure that the company has the funds to pay back the amount that they are lent.

They do not care what the cash is used for, whether it is for machinery finance or not. They have you covered from start to finish.

Machinery Finance Operators Choosing MCA’s

With the shift in the financial world, so many more businesses are now choosing to go with merchant cash advances because they provide the ability to borrow without having to worry about not qualifying for being denied. They’re much easier to obtain and they take a much lesser amount of time.

When once businesses would have to wait weeks to months to obtain the business loans they wanted, machinery finance and all, even for smaller amounts, the cash advances made it so that they could obtain the same amount of cash for the same reason in just a weeks time or less.

This prompted many companies to make the switch to something that was actually going to provide them with the cash they needed when they needed it. Long gone were the days of sitting in the stuffy offices waiting for the cash to come in or to be denied. These businesses collected the cash, did what they had to do with it and were able to build their business in a quicker amount of time.

No games played, no extensive questions asked in the process…

How Quick is Quick in the Merchant Cash Advance World?

When it comes to quick cash, you would think that there is really no such thing, but that is not the case when it comes to a merchant cash advance. A cash advance does provide the business with a way to obtain quick cash when it is needed. When this happens, it is important to think about how this money can be used within the business to benefit it.

Quick is not what the banks out there provide, so this is something to think about since you want to make sure that you’re obtaining the right help in your time of need. With the cash advance that is given to you within a week, this is pretty fast cash and one of the biggest reasons why so many businesses are staying away from the traditional bank loans out there that are taking far too long to provide the business with the check needed.

When the time comes, it is important to think about the cash advance world and all that comes with it. When it comes down to getting the most out of what is being provided, you can be sure that they’re providing you with the best and nothing less. Take your time to find out if the cash advance is the right choice for you to make for your business. It might be if you need quick cash right now.

Read More: Boost for Alternative Lending Market

The Process is Simple

You just need to go through four simple steps and you’re well on your way to cashing out on the extras that come with the cash advance loans out there. Never worry about not being able to borrow from them again either, since you can borrow as many times as you like once you pay off the first advance.

1. Go online and sign up to obtain the loan that you would like to have

2.    Accept the terms and agreement that they send to you through email, including the amount, interest and percentage took from payments to your business

3.    Send the documents and acceptance letter back to the advance provider so that they can process and approve the application

4.    The advance will be sent to the business bank account that was provided within 72 hours of sending the documents in for review.

The entire process from start to finish only takes around a week, which is always a good thing to think about when it comes to cashing out on some great benefits and all that comes with having the financing needed for your company. Cash advances have you covered.


We provide two highly accessible financing programs that can get your business the working capital it needs in days instead of months.

For a small business, obtaining a traditional loan today is a complex and difficult process. That’s where Premier Business Capital comes in. 

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