Innovative Mortgage is here to provide comprehensive support to business owners who may find themselves in situations where a business cash advance is the only viable option. We understand the business cash advance industry can seem overwhelming, and it’s known for high costs and less-than-transparent practices. However, our dedication to serving your needs means we’ll work tirelessly to find alternatives that may better suit your financial situation.
How Innovative Mortgage Can Help with Business Cash Advances:
- Exploring Alternatives: Our primary goal is to explore all other potential financing options before considering a cash advance, ensuring that if we proceed with one, it’s because it’s truly the best choice available.
- Intense Advocacy: We share your concerns about the industry, and this fuels our commitment to fight vigorously for every bit of savings possible.
- Broker’s Leverage: As a broker, Innovative Mortgage has the flexibility to shop around for the most competitive terms across a broad network of lenders.
- Document Preparation: Typically, the process for a business cash advance requires six months of bank statements and six months of merchant processing statements. These documents are critical in evaluating your business’s cash flow and the advance terms you may qualify for.
Steps to Prepare for a Business Cash Advance with Innovative Mortgage:
- Collect Bank Statements: You’ll need to provide the last six months of bank statements. These can usually be downloaded directly from your online banking platform.
- Obtain Merchant Processing Statements: Similarly, gather the last six months of merchant processing statements, which can be acquired by contacting your merchant processor directly.
- Consultation: Reach out to Innovative Mortgage so we can review your documents and understand your unique situation, providing personalized advice and guidance.
- Evaluation: We’ll evaluate your financial documents to determine the feasibility of a cash advance or uncover potential alternatives.
Get Started with Innovative Mortgage:
Our team is ready to assist you with your business financing needs, even when the path seems uncertain. Though merchant cash advances are not our preferred product due to their cost, in situations where they might be necessary, we promise to navigate you through the process with your best interests in mind, minimizing costs wherever possible.
Contact Innovative Mortgage today if you’re considering a business cash advance. Let’s discuss your options and find the financial solutions that align with your goals, ensuring you retain as much capital as possible to grow and sustain your business.
