Know How to Convert MCA Leads? Why a Cash Advance is Better than Traditional Funding

The question: ‘How to convert leads?’ is the most frequently searched phrase among cash advance brokers.

When it comes to accomplishing success in the cash advance business, it’s all about how you launch a marketing campaign and approach leads.

In the cash advance industry, knowing your target prospects is important before you market. Thankfully, UCC leads exist and help you reach prospects.

The merchant cash advance is increasingly gaining popularity among business owners, but finding prospects is a challenge.  

It is an easy and flexible alternative funding source that requires very little paperwork and provides quick access to funds.

Small businesses that apply for loans from big banks get rejected for one reason or another. The major reason is the poor credit ratings of these small businesses.  

In order to deal with this shortfall, the merchant cash advance was developed in order to help merchants fund their business.

If you are working in the MCA industry, now is the right time to launch your business marketing campaign and reap benefits. Getting fresh, qualified UCC leads will help you know your target prospects and sell business loans.    

Once you have access to UCC leads, the next step is strategizing a merchant cash advance marketing campaign.

A cash advance provides a better funding option over traditional business lending. Here’s how:  

Quick Funding Option:

The cash advance features a much quicker approval time as compared to traditional banks. It means faster cash-in-hand, which allows you to take advantage of the current market.

No Risk:

Bank loans and other traditional financing, requires you to have collateral while a merchant cash advance doesn’t risk your assets.

Credit Rating:

Cash advance financing doesn’t focus on the credit rating of a business, nor does it have an effect on it. An MCA stays off your credit report completely.

No Restriction:

There is no restriction on the use of the funds acquired from a cash advance. The capital loaned through a bank must be used for the purpose specified by the business.

Get fresh and qualified UCC leads from a professional service like ours and plan a result-oriented marketing campaign. Then strategize a campaign to show how a merchant cash advance makes a better solution, which will help you attract leads and sell MCAs. 

We, at Merchant Financing Leads, provide fresh and qualified UCC lists helping you reach target prospects efficiently. Our UCC data records contain information such as the company’s name, phone numbers, mailing address, city and state information along with the zip code. These UCC lists are highly beneficial for marketing campaigns such as telemarketing, direct mail and postcard mailings and offering additional merchant services, etc.

If you are searching for ways to attract leads and sell business loans, thus increasing ROI, getting our UCC leads can prove helpful!

Take Your MCA Marketing to Next level with Our Live Transfer Leads

The MCA industry is booming right now and has attracted millions due to its beneficial features and easy loan process. However, the merchant funding providers face difficulty in finding prospective clients. Thankfully, live transfer leads list to exist and help you reach the targeted market efficiently.

Continue reading Take Your MCA Marketing to Next level with Our Live Transfer Leads

Are You an MCA Broker? 5 Proven Techniques to Boost Your Business Sales

For those who are working in MCA industry are well acquainted with the process of marketing. You know the importance of finding prospective clients and building relationships. Thankfully, high-targeted lists such as merchant cash advance leads exist that can help you strategize a result-oriented MCA marketing campaign.

Continue reading Are You an MCA Broker? 5 Proven Techniques to Boost Your Business Sales

Explain the ‘How’ of a Merchant Cash Advance to Your Leads and Sell Efficiently

When you operate a business, there is always a need for a smooth flow of cash to run it successfully. Whether a business owner wants to expand, buy new equipment or pay wages, they need extra funds to operate efficiently. For established businesses, funding their operations is easy, but for the startups and those new to the industry, they need extra funds to ensure the smooth functioning of business operations. Traditionally, business owners would go to the bank and ask for a loan. However, qualifying for a bank loan at times can be really tough, especially for businesses with bad credit ratings. So, the business owner looks for alternative funding such as merchant cash advances.

As an MCA provider, you must be aware of the importance of having access to merchant cash advance mailing lists such as UCC leads that help you know your target customers. UCC lists provide complete important information about a business such as name, business name, contact details including phone number, address, etc. of the businesses that can be your ideal customers.  Having access to UCC leads will help you know how to reach your prospects and plan a strategic merchant cash advance marketing campaign that persuades prospects to buy loans from you. So, when you plan to launch merchant cash advance marketing, the foremost thing is to get quality UCC lists that will help you know your prospects better. The next is to strategize a marketing plan that will explain your business loan leads the ‘how’ of a merchant cash advance.

When you approach your UCC leads either via mail or email, the very first thing is to acquaint your prospects with how easy and quick this loan process can be as compared to a traditional bank loan. This alternative business funding provides an easy application and approval process. Unlike a traditional bank loan, a merchant cash advance doesn’t have any tough eligibility criteria and a loan is granted based on a business’ total credit card sales. A merchant cash is an advance on future credit card sales of the borrowing business and the repayments are even simpler. To repay the advance, the lender takes a fixed percentage of the business’s total credit sales every day until the advance is paid. The major advantage is that the business doesn’t need to pay back large sums all at once.

SEE ALSO: Want to Grow Your Merchant Cash Advance Business?

More importantly, this business funding doesn’t have any restrictions on usage, the money can be spent any way the business wants. All you need to do is to explain to your UCC leads that they can spend the borrowed funds on any business-related purpose that is beneficial to them- to buy new equipment, launch a new product, hire more talent, initiate more advertising and marketing, purchase another site, revamp the interior and exterior of your building, etc.

Illustrating how a merchant cash advance turns out to be the best alternative funding for cash-struggling businesses will help you plan a strategic merchant cash advance marketing campaign and sell MCAs efficiently.

Why Businesses Prefer Merchant Cash Advance and How You Can Fund Them

Gone are the days when traditional banks were the only funding option available for the struggling businesses. Nowadays, several alternative financing options have emerged that help startups and small businesses meet their capital needs in an easy way. Moreover, at times of stagnant economic growth, banks also refuse loans to businesses having poor credit ratings, so they look for alternative financing. In such a situation, merchant cash advances come out to be the best solution for the businesses struggling to get loans from banks. This is where you come in, but MCA providers continue to face difficulties finding the right prospects. Having a merchant cash advance leads list will help you target the right ones.

Two Major Benefits of a Merchant Cash Advance

Convenience- A merchant cash advance is a convenient and easy alternative financing option for all types of businesses. Unlike traditional loans, it does not require months of back and forth before the lean is even considered. There is no need to provide a specific business plan or back tax returns either. Normally, candidates for the loan will only need recent copies of recent bank statements and proof of your sales to receive an MCA loan.

Repayments are Even Simple- Unlike traditional banks where the borrowers pay a fixed monthly instalment as repayment, merchant cash advance repayments are a percentage amount of total credit sales, which can fluctuate based on sales volume. This feature is quite beneficial for the businesses as they do not have to worry about hefty monthly payments.

Though merchant cash advances are the most flexible business loans available, still it can be difficult for MCA providers to sell their services to businesses in need of this type of funding. The biggest reason is that most business owners aren’t aware about this alternative type of funding and how beneficial it can be. However, with merchant cash advance advertising, MCA providers can directly connect with the businesses that are actively looking for capital to grow. However, calling random people to hunt for prospective leads is a tiring and time-consuming process.

So, if you want your merchant cash advance marketing to garner effective results, the best way is to buy a merchant cash advance mailing list. These highly-targeted mailing lists contain detailed information about businesses who are seeking loans including contact details, city, phone numbers, etc. Having a reliable merchant cash advance leads list will help you launch an effective merchant cash advance advertising campaign to sell loans efficiently.

SEE ALSO:  Try UCC Database and Target the Right Business Loan Leads!

At Merchant Financing Leads, we provide highly-targeted lists that will help you find prospective clients and sell business loans efficiently. Our lists are compiled from several sources and are frequently updated so MCA providers can get the best ROI on their marketing efforts. Get in touch with us today to get your highly-targeted leads list. We provide lists with up to 93% accuracy that will help your business grow.

Why MCA’s are Taking Over Traditional Bank Loans

Whether you’re planning to start a new business or thinking of expanding an existing one, a quick supply of cash is needed to keep up with the pace. Traditional bank loans come with a number of terms and conditions which are sometimes difficult to meet. Moreover, seeing the recent economic downfall, banks have even ceased funding businesses with a not so great credit history. This is especially problematic for startup businesses. With all these hoops to jump through, it can cause a delay in your cash flow which can directly affect your business operations. In such a scenario, a Merchant Cash Advance, or MCA, can be your solution.

Merchant Cash Advances – The Basics

A merchant cash advance is a quick and easy alternative to business funding without the need for collateral. For entrepreneurs who have bad credit and cannot fulfill the loan criteria of a traditional bank, merchant cash advances are the ideal solution. Unlike a traditional bank loan, MCA loans are easy to apply for and are processed quickly. In return, the MCA providers recoup their funds by deducting a fixed percentage of total credit sales, each month. It is perfect for businesses with a high concentration of credit card receivables.

Easy loan requirements, quick processing, and no formalities, are making merchant cash advances the preferred choice over traditional bank loans.

Here are Four Reasons Why MCA’s are Taking Over Traditional Bank Loans

No Credit or Collateral

A merchant cash advance is a safe approach to funding a business. Unlike traditional business loans that can affect a business’s credit rating if there is an issue in repayments, a merchant cash advance is a sales transaction and thus stays off your credit report. This is an important reason why merchants consider MCA loans over traditional loans.

Easy Loan Requests, Fast Processing, and Repayments

A merchant cash advance is an easy, straightforward loan process from start to finish. This business loan is often described as immediate cash because there is very little paperwork. Traditional banks analyze a number of things, including financial statements, business plans, and tax returns, while merchant cash advances follow simple criteria considering only two things: monthly credit card sales and the length of time in business. You do not need another reason to opt MCA loans for financing your business.

High Approval Rate

A merchant cash advance depends on actual business performance instead of credit to assess the applicants who have requested a loan. This practical approach allows any stable business to qualify for an MCA. Typically, the loan amount depends on the business’ average monthly revenue in the previous year.

Fair-Minded Repayment Methods

A leading MCA provider claimed that, “We get paid only when your business gets paid.” And, that statement is very true. While a traditional bank loan requires a fixed monthly payment, merchant cash advance repayments are a percentage amount of total credit sales, which can fluctuate based on sales volume. When sales are more, the MCA retrieves a higher monthly sum and in lean times, the MCA recoups its funds accordingly. In this way, merchant cash advances collect their share proportionally rather than draining the business’ funds.

SEE ALSO: How Pay Per Call Marketing Will Attract Business Loan Leads for You

When a business owner needs a safe, quick cash infusion, an MCA is the best alternative. Moreover, merchant cash advances offer a business the flexibility to negotiate the ups and downs of today’s dynamic economy.