As a small business owner, you will find that merchant account lenders provide the easiest and fastest way to get your hands on the money. This is because these lenders provide simpler application requirements, faster loan approval, and lesser, if any, security requirements in comparison with banks, credit unions, and other financing institutions. Keep in mind that the loans are considered as unsecured cash advances.
But there are obviously application requirements including being in business for 12 months, acceptance of credit card payments from customers, and a minimum volume of credit card purchases made by the business. Ask the merchant account lender about these requirements and negotiate for the terms of the loan, which can be easier than bank loan negotiations.