For most businesses, there comes a time when they need extra cash to fund their business operations. Even big companies seek loans for launching marketing campaigns, expansion opportunities and investing in new product development. But, at times of stagnant economic growth, the traditional banks cease to fund small businesses owing to their poor credit ratings and tighten the eligibility criteria, which makes it sometimes difficult to qualify even for big companies. So, a merchant cash advance turns out to be the best solution.
As an MCA provider, you must have observed the increasing popularity of cash advances among business owners, but some businesses aren’t aware of this funding and haven’t opted yet for this alternative funding. To find the right prospects to sell MCAs effectively, getting a merchant cash advance leads list proves quite helpful. Having access to these business loan leads is an advantageous factor when launching a merchant cash advance marketing campaign successfully. These merchant cash advance mailing lists provide complete details about a business including name, company name, phone number, company address, etc. Knowing these details about a business and in which geographical area it is located helps you reach prospects in the right way. Using this approach, you will be able to know your target prospects beforehand. However, the question arises as to how to compel them to go for a merchant cash advance as a short-term business loan can be an option, too.
So, when you approach your target prospects either via a call or email, you need to tell them how merchant cash advance makes for a better option as compared to a short-term business loan. Here’s how MCAs makes a much better choice over business loans-
Merchant Cash Advance is Fast– One of the most important reasons why merchant cash advance leads would opt for this funding is to meet their capital needs. Unlike a short-term business loan that requires a long application process and an extensive list of formalities, a merchant cash advance is very easy to qualify for and process. So, when you consider merchant cash advance marketing, make sure it is a priority to tell your customers that a MCA is immediate cash.
Merchant Cash Advance is Easy- This alternative business funding offers a quick, simple and obligation-free application process. With a high-approval rate, this alternative financing is easy to qualify for and doesn’t require any kind of credit or collateral. More importantly, explain to your merchant cash advance leads that they are free to use the cash the way they want such as business expansion, purchasing inventory, etc. This will help you sell MCAs effectively.
Smarter and Safer– Owing to the numerous benefits- easy approval, process and safe repayments- the merchant cash advance comes out to be the best solution. When marketing merchant cash advances, acquaint your business loan leads that this alternative funding doesn’t require any credit or collateral. Therefore, merchant funding makes a smart and safe approach for getting capital to fund business operations successfully.
Explain to your targeted merchant cash advance leads that applying for a merchant cash advance is cost free, obligation free and will not affect your credit. It will help you market cash advance effectively, thus maximizing sales and profits. Having access to quality merchant cash advance leads is an ideal way to reach your target prospects. However, when you approach your target prospects, you need to tell them how a merchant cash advance makes for a better option as compared to a short-term business loan.