New Merchants Services offer no lengthy contract requirements and no cancellation fees make this processor a good option for businesses of all sizes. Its tiered rates are good, it’s interchange-plus rates are average, and its monthly fee is lower than average.
Short-term loans are like regular term loans, but you’ll pay them back over shorter terms. Alternative lenders offer a smaller amount of financing with short-term loans with 3- to 18-month terms.
Invoice financing, NMC offer fast cash based on your business’s outstanding invoices. You’ll be advanced usually 85% of your outstanding invoice, and charged a factor fee each week the invoice goes unpaid.
Merchant Cash Advance
New Merchant Capital advance you fast cash that you’ll pay back with a portion of your business’s daily credit and debit card sales. This option can be a good one if you have poor credit, but they tend to be the most expensive financing option on the market. But at NMC we find what will work for your business.
Use an equipment loan to finance up to 100% of the cost of your business’s new or used equipment and machinery. The best part? The equipment itself acts as collateral
Business Line of Credit
Both traditional banks and online lenders offer revolving lines of credit that you can tap into whenever you want or need to for your business.