In today’s challenging economic environment, obtaining working capital through traditional loans can be tough for businesses. That’s why Thoro Payments offers an alternative solution with our Merchant Cash Advance Program. Unlike traditional loans, a merchant cash advance doesn’t require collateral or perfect credit. Instead, we provide you with upfront working capital based on your future credit card receivables.
You can use this capital for virtually any business need—whether it’s expansion, payroll, remodeling, taxes, inventory, advertising, or even paying off an existing loan. Repayment is simple and stress-free: a small percentage is automatically deducted from your daily credit card sales, making it a seamless process that doesn’t disrupt your cash flow. Our goal is to get money into your hands without the complications of a traditional small business loan.
Key Benefits of the Merchant Cash Advance Program:
- No Collateral Required: An unsecured debt with no need to pledge assets.
- No Personal Guarantee Needed: No impact on your personal credit score.
- No Credit Reporting: Your credit score remains unaffected.
- Hassle-Free Application: Quick and easy application process with no fees.
- Minimal Documentation: Just submit the last 4 months of processing statements and 1 recent bank statement.
- Flexible Repayment: No monthly payments or fixed terms—payments adjust with your cash flow.
- Predictable Cash Flow: Enjoy better clarity and control over your finances.
- Immediate Funding: Funds are withdrawn directly before transaction deposits, with no delay in processing.
Ready to boost your working capital without the hassle of traditional loans? Contact a Thoro Payments team member today for more information about our Merchant Cash Advance Program.
