Some of the qualifying points are: - The applicant should be a legal resident of the United States and possess the necessary proofs - The applicant must be above 18 years of age making him eligible to enter into contractual agreements. - The applicant should be into a legitimate job for a regular income flow on monthly (periodic) basis.
- The applicant must be working with the same employer for at least 3 months or more. - The applicant should have an active bank account - The applicant should not have been declared himself as a bankrupt or is defaulting with any existing financial institution. Each lender can have some or more of such qualifying criteria and a way of evaluating such applications. Once the application is granted, the money is disbursed to the borrower. The entire process usually takes a day or two making the money available with the borrower almost immediately.
This makes it demand for merchant cash advances quite a popular choice with the masses since there is no lag in processing and the borrower can use the money he wants to.
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