When it comes to a merchant cash advance, no credit or even bad credit will not obstruct your approval. This is significant for many small business owners who do not have other options. Unlike traditional banks and credit unions, merchant cash advances do not require a credit check for approval.

A merchant cash advance is an advance against future credit card sales. This means you can get an upfront sum of cash in exchange for a slice of future debit and credit card sales. 

Approval is Based in Part on The Capital in Your Business

It is important to note that merchant cash advances are not small business loans. Therefore, no collateral or credit histories are needed during underwriting to obtain a loan.

With a merchant cash advance, there is no risk to your personal assets, you simply access a small portion of your future sales to access the cash you need now. For the business owner with bad credit, this is the perfect solution as they can get the money that they need quickly without having to up collateral.