Merchant Cash Advance Blursoft Detailed Review – Things You Should Know
Merchant Cash Advance Blursoft is a popular nonbank financial services provider to help small businesses in getting advance cash. It is based in New York, USA, and is available in more than 45 states as well.
Initially, it is quite hectic for small businesses to get easy and quick business financing. Whenever you need to take a loan for a small business, you may have options like; traditional banks, etc.
Nowadays, merchant cash advance Blursoft is becoming popular among small businesses as they finance hassle-free advance cash to startups.
However, if you are wondering whether merchant cash advance Blursoft helps your small business or not, simply stay tuned till the end of this blog.
What is Merchant Cash Advance Blursoft?
The merchant cash loan BLursoft is a USA-based company that is specially designed for those small businesses that go through some difficulties in the bank loan procedure. They offer a finance process where you can pay your future revenue in an easy and simple way.
The company only provides advance cash, not a loan and the advance is based upon the future sales and revenue of your business.
Blursoft designed the finance process uniquely, they say:
“You pay the financed cash advance with a percentage of your credit and debit card sales“.
Here you can pay the cash advance in multiple options; either based on your debit card or credit card sales. Moreover, the payment also comes with some additional fees as well.
Some common business that works with merchant cash advance Blursoft includes:
- Businesses with bad credit.
How do you Borrow from Merchant Cash Advance Blursoft?
Nowadays, everything has become digitized, and the same is the case with Blursoft. Once you’ve done with applying and approval process, you’ll get the funding in 24 hours.
Right now, Blursoft has funded more than 47,000 projects and they normally provide below five different options to a business:
- Merchant Cash Advance.
- Cash Advance for Invoice Factoring.
- Cash Advance for Contractors.
- Cash Advance for Uber Drivers.
- Cash Advance for Startups.
Apart from that, Merchant Blursoft also deals with businesses having bad credit. Blursoft offers an easy way to get finance for your business as compared with traditional bank loans.
Note: Always make sure that your business meets the criteria before starting the application process.
What kind of documents are required to apply for Merchant Cash Advance?
It is required for every applicant to have a credit score of at least 500. The applicant must be at least 18 years of age. However, Blursoft doesn’t reveal the minimum annual income eligibility for the applying person.
Thus, every US citizen, including green card holders and permanent residents, can apply for the finance process. If you thinking of applying for the merchant cash advance Blursoft, then you must complete the checklist of the below documents:
- Applicant’s driving license or any other proof of photo ID
- Social security numbers
- Time in Business (for at least four months)
- Generating 10,000 USD in sales per month
- Maintaining a credit card or debit score of 500.
Once you complete all the above documents listed, simply fill out the application form and apply for the merchant cash advance.
After completing the process, a representative of Blursoft will touch you to review the application. If your application meets all the requirements and eligibility criteria, you’ll receive the funds in 24 hours respectively.
Merchant Cash Advance Blursoft: Is it a Good Option for your Business?
If we consider every benefit of Blursoft, then this cash advance finance process can rik your credit history. It may affect getting traditional bank loans in the future.
Thus, if you are up for taking the risk, you can opt out of Blursoft (as it is a popular option for a hassle-free Cash Advance). However, before applying, don’t forget to take advice from the finance experts.
Limitations of Merchant Cash Advance Blursoft
Merchant Cash Advance charges some additional fees for the borrowers who are paying off the advance cash. Therefore, always keep in mind to reduce all the prepayment penalties before considering the lender.
Blursoft also considers each merchant cash advance application by depending upon the below purposes:
- Equipment Purchasing
- For quick crisis pairs
- Marketing Work
- Hiring Employees
- Working Capitals
- Technology Investments
- Payroll Management
You now know more about Merchant Cash Advance Blursoft. Tell me what you think about this. Do you consent to managing this financial process?
But everything has been covered in this article. Please feel free to ask any additional questions in the comment section. For more pertinent information, please visit our website.
Frequently Asked Questions
Does Blursoft charge an origination fee?
Yes, Merchant cash advance Blursoft charges an origination fee to the borrowers.
Is Merchant Cash Advance Legal?
The Merchant Cash Advance Blursoft is 100% legal. This unique finance process is different from the bank loan process and has been specially designed for small businesses as well as startups.
What are the disadvantages of a Cash Advance with Blursoft?
Some major cons of taking a cash advance from MCA include:
⦁ They’re just a short-term solution
⦁ They may risk the financing of future sales.
What happens if you somehow stop paying Blursoft?
I hope it will never happen to you. But, if it happens it would be considered a breach of contract and the Merchant Cash Advance could even file a lawsuit against the business.