Gone are the days when traditional banks were the only funding option available for cash-strapped businesses. Moreover, we all are aware getting a loan from bank and other traditional providers is not at all easy. There is a long list of formalities, set eligibility criteria which businesses, especially startups find difficult to meet and fixed monthly payments can be quite stressing.
For the startups and businesses that are looking for easy and quick funding options- merchant cash advances is the ideal solution. The businesses that are in need of immediate capital to fund their business operations, have a billion dollar industry eager to fund them: MCA providers. The industry is just a decade old, but it has shown significant growth in the last few years. The MCA providers offer a lump sum payment to businesses against a share of future sales. The business owners are preferring the easy funding options such as merchant cash advances which provides plenty of room for the growth of merchant cash advance industry.
However, there are numerous opportunities available for the merchant cash advance providers and they can target businesses that are desperately in need of funds, it is still difficult to ensure if they are targeting right people or not. The best solution to ensure that you are reaching the right prospects is getting relevant lists from a lead generation company. Buying quality ACH mailing lists and considering ACH marketing is the ideal way to target businesses looking for funds and sell loans.
An ACH Advance is a merchant cash advance transaction and is generally preferred by businesses over other payments. They are repaid via direct daily ACH bank debits and this type of advance is also known as revenue advance. Since ACH leads are those that use ACH funding for the purpose of lending cash advances, businesses can target their marketing with ACH leads lists.
An ACH list contains the names and contact information of all those businesses that could be your target market. These are businesses that have obtained a merchant cash advance at one time and are expected to seek this type loan again in future. So, these businesses make your ideal customer as they are aware about the loan process and do not need much efforts on your part. Having these targeted lists help you pitch your MCA loans to right prospects. More importantly, the businesses listed are familiar with alternate financing routes; therefore they prove to be a more prospective set of clients for you.
A business in its growing phase needs a reliable source of capital for their successful growth, especially the startups and small businesses. And, merchant cash advances can facilitate this growth; however, it’s not easy to do so without a trusted data partner. Merchant Financing Leads works closely with you to deliver ACH mailing lists that match your business requirements and goals. With over 12 years of experience in the B2B marketing area, Merchant Financing Leads offers highly targeted lists that help you reach out to business owners with your own strategy.