Skip to main content

Merchant Cash Advance

The cost of running a high risk business can be steep. And to make matters worse, banks and credit unions won’t lend money to high risk businesses. WNY Merchant Consulting steps in to fill this void left by banks and credit unions with Merchant Cash Advances to finance initiatives to help grow your cannabusiness.

Merchant Cash Advances aren’t loans: They are advances on debit sales receivables. If you sell cannabis and related products, and you accept credit and debit cards, you can qualify for a Merchant Cash Advance from WNY Merchant Consulting. Funds are disbursed in lump sums, and repayments are made at a fixed percentage of daily credit and debit card sales processed until repayment is completed. So, the faster your cannabusiness grows the faster the money is repaid.

Though marijuana has been legalized for both medicinal and recreational use in many states, federal regulations continue to make it difficult for cannabis -businesses to access the resources they need to effectively run and grow their businesses.

Since most banks operate at the federal level, many of them avoid working with cannabis businesses to remain compliant with federal laws, making it difficult for these -cannabis businesses to get access to loans, cash advances, and traditional payment processing solutions used by most businesses.

Cannabis retailers need access to modern financing solutions that are compliant with the constantly changing regulations in the marijuana industry. This allows them to streamline company operations, hire new staff, expand facilities to satisfy the day-to-day needs of their businesses.

At WNY Merchant Consulting, we are committed to providing secure, reliable, and compliant financing and cannabis payment processing solutions for high-risk businesses that need access to capital quickly.

What is a Merchant Cash Advance
& How Does it Work?

Merchant Cash Advance gives businesses access to a lump sum of cash that is repaid at a rate proportional to their daily sales. This means that if your sales dip, then your payments will also decrease, making it easier for merchants to manage their repayments. Businesses can use this lump sum of cash to fund their daily business operations while maintaining a steady cash flow, making Merchant Cash Advance a great alternative to traditional business loans for suppliers, retailers, and manufacturers. Merchant Cash Advance are not business loans, so they don’t have set repayment terms or APRs. Instead, they are designed to give merchants as much flexibility as possible.

Here is how our streamlined Merchant Cash Advance process works:

  1. You apply for a Merchant Cash Advance through WNY Merchant Consulting.
  2. If approved, WNY Merchant Consulting provides a lump sum payment within 48 hours.
  3. You use the funds to finance daily business operations.
  4. You repay the cash advance via a percentage of credit and debit sales through our payment processing system at your business.

Merchant Cash Advance offers convenient, flexible, and fast access to funds for merchants in high risk industries.

Close Menu