Merchant cash advance providers weigh risk and credit criteria differently from how a banker does. An MCA provider looks at your company’s daily credit card receipts. This is to determine if your business can pay back the funds in a timely manner. In essence your small business “sells” a portion of future credit card sales, this is in exchange for immediate payment.
When you apply for a business credit card, bad credit from your personal report can get in the way. It doesn’t have to though. Here are 5 steps to get business credit cards regardless of personal credit.