Merchant Cash Advance Blursoft

What Is a Merchant Cash Advance?

A merchant cash advance blursoft is a popular alternative funding option for small businesses. Instead of a traditional business loan, a merchant cash advance provides you with a lump sum of cash upfront in exchange for a percentage of your future credit card sales.

How does it work?

1. You apply for an advance from a funding company like Blursoft. We evaluate your business based on a few simple criteria like your monthly credit card volume and time in business.
2. If approved, you’ll receive a lump sum of cash, usually within a couple business days. The amount depends on your average monthly card sales and the percentage you agree to pay back, known as the “factor rate.”
3. You pay back the advance by allowing us to deduct a small percentage of your daily credit card sales until the balance is repaid. Payments are automated so you can focus on growing your business.

The benefits?

• Fast funding. Get cash in your account within days, not weeks or months like a traditional loan.

• Easy qualification. Approval is based primarily on your monthly credit card volume, not your credit score or other financials.

• Flexible payments. Your payments automatically adjust with your sales, so you only pay more when you’re earning more.

The bottom line: A merchant cash advance provides quick access to funding without dealing with the hassles of a bank. If you have a steady stream of credit card sales and need cash fast, it could be a great option for your business. And with a trusted partner like Blursoft by your side, the process is seamless from start to finish.

How Does Blursoft’s Merchant Cash Advance Work?

So how does Blursoft’s merchant cash advance work exactly? Basically, we provide you with an upfront lump sum of cash in exchange for a percentage of your future credit card sales.

• We start by evaluating your business’ credit card processing statements to determine your average monthly revenue. From there, we calculate how much of an advance we can provide while still allowing you to pay it back comfortably from a percentage of your sales.

The amount we offer depends on several factors, including your business’ financial health, credit score, time in business, and industry. Typically, the advance amounts range from $5,000 to $500,000.

• Once approved, the cash is deposited directly into your business bank account, usually within 1 to 3 business days. You then pay it back by allowing us to deduct a fixed percentage of your credit card sales each day until the total amount is repaid.
• The payback period typically lasts 6-24 months depending on the size of your advance. The good news is there are no fixed repayment schedules or terms – you pay more when sales are up and less when they’re down. There are also no penalties for early repayment.

The bottom line is a merchant cash advance provides you with fast, unsecured working capital to grow your business without the hassle of a lengthy application process or strict repayment terms. The ability to pay it back as a percentage of your card sales also means the advance amount is tailored to your business’ ability to repay it. If this sounds like a good solution for your small business, apply for your Blursoft merchant cash advance today!

Why Choose Blursoft for Your Business Funding Needs?

Fast and Convenient Funding

When you need capital quickly to take advantage of a growth opportunity or cover an unexpected expense, a merchant cash advance from Blursoft can provide funding in as little as 2 business days. The application process is simple, requiring just a few business documents to get started, and Blursoft’s team works quickly to review and approve qualified applicants. Once approved, funds are deposited directly into your business bank account so you can access the money immediately.

Flexible Terms

With a merchant cash advance from Blursoft, you only repay the amount through automatic debits from your credit card sales, so payments are flexible and scale with your revenue. There are no rigid repayment schedules, no personal guarantees required, and prepayment penalties if you want to pay off the advance early. The percentage you repay, known as the holdback rate, will depend on your business credit profile and processing volume. Blursoft aims for holdback rates that will not cripple your cash flow so you can continue growing your business.

Conserve Capital

A merchant cash advance does not require collateral like inventory, equipment, or property. Blursoft bases funding decisions primarily on your business’s potential and credit card processing history. This means you can obtain capital without tying up other business assets. The funds from an advance can then be used to purchase new equipment or inventory to drive sales growth.

Trusted Partner

With over 10 years providing merchant cash advances, Blursoft has a proven track record of success and expertise. Blursoft understands the challenges of small businesses and works with applicants to set holdback rates and terms that fit their needs. Blursoft is also committed to data security and keeping clients’ personal and financial information private. If you need quick, flexible business funding, Blursoft is a partner you can trust.

In summary, a merchant cash advance from Blursoft offers speedy funding, flexible terms tailored to your business, allows you to conserve capital, and comes from a trusted industry leader. For your business’s next financial need, consider Blursoft for a fast, convenient funding solution.

What Types of Businesses Qualify for Blursoft Merchant Cash Advances?

Merchant cash advances from Blursoft are available for many types of businesses. If your company has been in operation for at least 6-12 months and processes a minimum volume of credit card sales each month, you’ll likely qualify for an advance.

Established businesses

Blursoft works with established businesses from a wide range of industries, including:

• Retail stores (clothing, furniture, electronics, etc.)
• Restaurants (full-service, quick service, food trucks, etc.)
• Medical and dental practices
• Auto repair shops
• Online businesses

As long as you’ve been operating for at least 6-12 months, show monthly credit card sales of $5,000 or more, and have a personal credit score over 500, your established business will probably qualify for a Blursoft merchant cash advance.

Newer businesses

If your business is less than a year old but showing strong, consistent growth in credit card sales, you may still qualify for an advance from Blursoft. However, the terms may be slightly less favorable than for established businesses to account for the additional risk. Blursoft will evaluate your business potential and cash flow to determine an advance amount and repayment terms that work for your situation.

Non-traditional businesses

Blursoft also provides advances for businesses that may not qualify for traditional bank loans, such as seasonal businesses, multi-level marketing companies, and businesses with an online sales model. As with newer businesses, the terms for non-traditional companies may be more conservative. However, Blursoft aims to provide funding for as many viable small businesses as possible.

In summary, Blursoft offers merchant cash advances and short-term business funding for all types of companies across many industries. They focus on your ability to repay the advance through consistent credit card sales rather than your personal credit score or time in business. So if you have a steady stream of revenue from credit card transactions, there’s a good chance Blursoft can provide your business with fast, easy funding.

How Much Funding Can I Get Through Blursoft?

Through Blursoft, you can access merchant cash advances ranging from $5,000 to $500,000. The amount you qualify for depends on several factors, including:

Your Business Revenue and Cash Flow

The more revenue and consistent cash flow your business generates, the higher the amount you can typically obtain. Blursoft will evaluate your revenue and cash flow over the past 6-12 months to determine how much your business can handle repaying.

• Higher revenue businesses, especially those with over $100,000 per month in sales, often qualify for advances of $50,000 or more.
• Businesses with revenue of $25,000 to $100,000 per month can usually access advances between $10,000 to $50,000.
• Newer businesses with less than 6 months of revenue may only qualify for smaller advances below $25,000 until they establish a track record of revenue and on-time repayments.

Your Business Credit Score

Similar to obtaining a business loan, your business credit score plays a role in how much funding you can access. The higher your score, the lower the risk to the funder and the higher the amount you can qualify for. Blursoft uses credit data from Experian, Equifax and Dun & Bradstreet to determine your business’s creditworthiness.

The Type of Business You Have

Some industries, like restaurants, medical offices and retail stores, are viewed as lower risk, so may qualify for higher amounts. Businesses in riskier industries may face lower maximums, additional requirements or be declined altogether. Blursoft aims to work with as many types of businesses as possible, but ultimately must consider the risk of default for the amounts they provide.

The amounts offered can vary over time based on changes in these factors as well as the overall economy and lending environment. The good news is, once you repay your first merchant cash advance, your business establishes a payment history with Blursoft that can help you gain access to even more funding in the future.

What Are the Repayment Terms for Blursoft Merchant Cash Advances?

Flexible Repayment Terms

The repayment terms for a Blursoft merchant cash advance are quite flexible compared to a traditional business loan. Rather than fixed monthly payments, you repay the advance through a percentage of your daily credit card sales. This means your payments fluctuate based on your cash flow. If business is booming, you’ll repay the advance faster. If sales dip, your payments automatically decrease.

How the Repayment Percentage Works

The repayment percentage, often called the “holdback” or “split,” is the percent of your daily credit card sales that will be withdrawn to repay the advance. For example, if you have a 20% holdback, 20 cents of every dollar in credit card sales will go toward repaying the advance. The holdback is deducted automatically through your credit card processor, so you don’t have to worry about missing a payment.

The holdback percentage depends on several factors like your industry, time in business, and personal credit score. Typically, it will be between 10-30% of your sales. The higher the percentage, the faster you will repay the advance. However, a higher holdback also means less of your sales are available to fund day-to-day operations. Blursoft will work with you to determine a holdback that maximizes your cash flow while still allowing you to repay the advance in a reasonable time frame, usually 6-18 months.

• No fixed monthly payments
• Repayment percentage based on your daily credit card sales
• Holdback deducted automatically through your credit card processor
• Typically 10-30% of your sales
• Repayment period usually 6-18 months

Early Repayment Allowed

With a Blursoft merchant cash advance, you’re allowed to repay the advance early if you choose, without any prepayment penalties. If your business has a particularly profitable month or quarter, you can make a lump sum payment to repay the remaining balance and stop the daily holdback withdrawals from your credit card sales. Early repayment will save you money that would otherwise go toward fees and interest charges over the life of the advance.

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What Are the Fees and Interest Rates Charged by Blursoft?

Blursoft is transparent about the fees and interest rates charged for their merchant cash advances. As with any business financing, it’s important to understand the costs involved before signing an agreement.

Factor Rate

The factor rate refers to the amount Blursoft deducts from your daily credit card sales to pay back the advance. The standard factor rate ranges from 1.15 to 1.45. So if you receive a $50,000 advance with a 1.30 factor rate, Blursoft will deduct $65 ($50,000 x 1.30) from your daily credit card sales until the full $50,000 has been repaid, plus the factor fee. The higher your credit card volume and FICO score, the lower your factor rate is likely to be.

Factor Fee

In addition to the factor rate, Blursoft charges a one-time factor fee of 2-6% of the advance amount. Using the same example, a 4% factor fee on a $50,000 advance would be $2,000. The factor fee is deducted from your initial advance disbursement. Some of Blursoft’s competitors charge higher factor fees, so compare offers from different providers.

• Factor rates and factor fees can vary based on several factors:
• Your business’ credit score and financial health
• Industry and time in business
• Monthly credit card volume
• Loan-to-value ratio of the advance

The factor rate and factor fee are Blursoft’s primary source of revenue. By keeping these rates competitive, they aim to provide fair and affordable working capital financing for small businesses. However, merchant cash advances are still an expensive form of financing compared to more traditional bank loans. Only pursue an advance from Blursoft if you’ve exhausted other, less costly options and need quick access to funds for your business.

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How to Apply for a Merchant Cash Advance From Blursoft

To apply for a merchant cash advance from Blursoft, follow these steps:

Gather Your Business Documents

You’ll need to provide Blursoft with information about your business’s financial health. Gather your business bank statements from the last 3-6 months, your most recent merchant statements showing your monthly credit card sales volume, and your business tax returns from the last two years.

Check Your Eligibility

Make sure your business qualifies for a merchant cash advance before starting the application process. Blursoft works with many types of businesses, but in general, you should have been operating for at least 9-12 months, have a minimum of $5,000 in monthly revenue, and have a personal credit score of 500 or higher. If you meet these basic criteria, you have a good chance of being approved.

Apply Online

The application process for Blursoft is all online. Go to their website and fill out the initial merchant cash advance application which will take about 10-15 minutes. You’ll provide info like your business name, address, your personal info, monthly revenue, the amount you’re requesting, and so on. Blursoft’s algorithms will instantly determine if you pre-qualify. If so, you’ll be able to electronically sign the final documents right on their website.

Provide Additional Documents

If Blursoft needs more information to fully underwrite your application, they’ll request the documents you gathered like bank statements, merchant statements, and tax returns. Upload everything they need to make a final decision. The underwriting process usually only takes 1-2 business days.

Get Your Funding

Once approved, Blursoft will fund your merchant cash advance very quickly, often within 1-3 business days. The funds will be deposited directly into your business bank account so you’ll have immediate access to the capital. You’re then free to use the money to cover short-term cash flow issues, make payroll, purchase inventory, market your business or for any other expense. Payments are automatically deducted from your credit card sales as a percentage each month until the advance is repaid.

Blursoft Merchant Cash Advance FAQs: Common Questions Answered

So you’re interested in a merchant cash advance from Blursoft but still have some questions. Here are the answers to some of the most frequently asked questions about Blursoft’s merchant cash advance program.

What is a merchant cash advance?

A merchant cash advance provides small businesses with quick funding in exchange for a percentage of future credit card sales. It’s a popular alternative to traditional bank loans. Blursoft advances funds, which you repay through small deductions from your daily credit card receipts.

How much can I borrow?

Blursoft offers advances of $5,000 to $500,000. The amount depends on your business’s monthly credit card volume and other eligibility criteria. In general, you can borrow 5-25% of your annual credit card sales.

What are the fees and rates?

Instead of interest, merchant cash advances charge a fixed fee. Blursoft’s one-time factor rate typically ranges from 1.15 to 1.4. That means if you receive a $50,000 advance, you’ll repay $57,500 to $70,000 total. The higher your monthly volume and credit score, the lower your factor rate. There are no other hidden fees or penalties.

How long do I have to repay the advance?

The repayment period depends on your factor rate and monthly credit card volume. Typically 6-18 months. Blursoft deducts a fixed percentage (10-25%) of your daily credit card sales until the advance is repaid. This keeps payments affordable and prevents a balloon payment.

Do I need good credit?

Blursoft does not require a minimum personal or business credit score. While your credit history is considered, Blursoft relies more heavily on your business’s financials, monthly credit card volume, and other eligibility factors. Even businesses with less than perfect credit may qualify.

How fast can I get funding?

If approved, Blursoft can deposit funds in your account in as little as 2 business days. The application process is simple, and Blursoft provides a fast, no-obligation quote and credit decision. Funding speed depends on submission of required documents.

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Final Words

So there you have it, the basics behind the concept of merchant cash advance blursoft. It may sound complicated but it’s really a straightforward way for businesses to get quick access to capital without all the hassle of a traditional bank loan. The funding comes fast, the repayments are automatic, and you only pay for the money as you use it. If your business has steady cash flow but you need an injection of capital to fund a new marketing campaign, buy new equipment or stock up on inventory, a merchant cash advance could be a perfect solution. The best part is you’re in control – you choose how much you want and how fast you want to pay it back. So don’t let the unfamiliar terminology scare you off, merchant cash advance blursoft could be the key to unlocking your business’s growth and success.

FAQ,s

• What is a merchant cash advance?

A merchant cash advance blursoft is a popular alternative funding option for small businesses. Instead of a traditional business loan, a merchant cash advance provides you with a lump sum of cash upfront in exchange for a percentage of your future credit card sales.

• How do I get out of a merchant advance?

A merchant cash advance does not require collateral like inventory, equipment, or property. Blursoft bases funding decisions primarily on your business’s potential and credit card processing history. This means you can obtain capital without tying up other business assets.

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