Nowadays, it seems very difficult for a business to qualify for a traditional bank loan, especially startups and small-scale enterprises. Statistics show that approximately 80% of all small businesses that apply for loans from big banks get rejected for a multitude of reasons. This is when a merchant cash advance leads come to the rescue.
A merchant cash advance is a popular alternative to a small business loan. An MCA is a cash advance against future credit card sales. It is paid back by a fixed portion of credit card sales revenue going to the lender. Seeing the benefits, this alternative financing is increasingly gaining popularity.
As an MCA provider:
1.) You must understand the selling points of these loans in order to close clients on these loans.
2.) Finding new prospects is an also challenging. Thankfully, merchant cash advance live transfer leads exist to help you reach target prospects efficiently.
Studies show that there is plenty of room for growth in the merchant cash advance industry as only 10% of a market potentially worth 5 to 10 billion has been mined so far by advance providers. There is plenty of room to penetrate it further.
Our live transfer leads are the perfect answer to all your merchant cash advance marketing needs. A live transfer lead is a highly qualified lead that is immediately connected to you after being screened by us for key characteristics. We provide DNC-compliant live transfer leads for the MCA industry, At Merchant Financing Leads.
We understand the industry needs and what it takes to succeed. Our proprietary business owner database is utilized by our well-trained call center representatives to deliver industry-leading results from our merchant cash advance live transfers. We generate hundreds of qualified live transfers on a daily basis, through our network of call centers.
Let our experienced staff handle all your inbound marketing needs and experience a boost in sales.
Once you have access to MCA live transfer leads through us, the next step is to formulate a strategic merchant cash advance marketing campaign that makes selling business loans efficient and fast. Illustrating the advantages listed below to prospects will help you launch a successful MCA marketing campaign.
Easy Loan Application Process
Traditional bank small business loans take a long time to process and require a large amount of paperwork and meetings, whereas an MCA requires much less documentation and time.
Higher Approval Rates
To qualify for a bank loan, a business needs to show a track record of debt or credit receivables. If a business has a bad credit rating or no credit, it cannot qualify for a traditional loan. By contrast, a merchant cash advance doesn’t have any such restriction: It doesn’t take into account the credit rating of a business to qualify. So, when you market merchant cash to live transfer leads, you must explain the benefits and gain their interest.
Unlike traditional bank financing that needs collateral and risk to your assets, a merchant cash advance doesn’t need any kind at all. A business doesn’t need to put their assets such as a home or property on the line to obtain a merchant cash. Now you can get live transfer leads from a reliable firm and target prospects efficiently.
No Restriction On Cash Usage
This is one of the most important benefits that needs illustration when marketing merchant cash advances to business loan leads. Businesses are free to use the funds received for many needs. Examples include: purchasing new equipment, paying wages to employees, purchasing inventory, and more. An MCA doesn’t pose any kind of restriction on the use of capital.
Now that you know some key selling points for closing MCA leads, contact us to get access to MCA live transfer leads. We will bring these hot leads straight to your phone, and all you have to do is close the deal.