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United Capital Source offers multiple types of small business loans for accountants and auditors looking to prepare for the busy season and/or stay above water in the slow season.
Most clients of accounting firms pay via debit or credit card, which makes them perfect candidates for a merchant cash advance. This type of working capital loan is particularly advantageous for seasonal businesses. Your amount is based on the revenue you are expected to generate from debit and credit cards, which should be easy to calculate since accountants usually know how much business they will do before it comes their way.
Payments are tied directly to debit and credit card transactions, so when business is slow, payments are lower. The majority of the balance is paid off when business is booming. And in the case of accountants, that boom is big indeed. It might not occur for a number of months but with a merchant cash advance, a small payment does not increase interest rates or force you to make a much larger payment the month after.
We’re here when you need us
Many UCS clients take out business loans against credit card sales during the slow season so they can begin preparing for the busy season. They use the lump sum to cover business expenses and the extra time on their hands to find new ways to increase business. By the time the busy season rolls around, those new initiatives should be producing results. And since payments are automatically deducted whenever transactions are performed, borrowers don’t have to worry about remembering to make payments. Accountants are far too occupied with their work to be burdened by missed payments or the tedious paperwork associated with traditional business loans.
While virtually all small business loans from United Capital Source can be accessed very quickly, no approval process is more seamless than that of a merchant cash advance. Funding can be distributed in a matter of days, even if your cash flow situation isn’t exactly perfect at the time of your application. You just tell us when you need the money and we can make it happen. Apply now to see how much you qualify for!