Top 10 Hospitality & Lodging - Merchant Cash Advance
Best Hospitality & Lodging - Merchant Cash Advance - June 2016
UPWARDTREND
DOWNWARDTREND
NOCHANGE
|
Rank |
Company Name |
Year |
Revenue |
Fulltime |
Active |
Client |
Pricing |
Major Clients |
Other Core |
Rates 
|
Calculation Methods
|
Customer Support
|
Efficiency
|
Security
|
Overall Score 0100GVGE |
Change in Rank |
1
1995
$1 million - $3 million
2
20+
95%
L
confidential
100
100
100
100
100
NC
2
Unknown
L
100
99
100
98
100
NC
3
N/A
Above $10 million
1-25
100+
H
98
100
99
98
100
NC
4
2004
$250,000 - $1 million
21
25+
92%
L
confidentia
100
99
97
98
99
NC
5
2002
$5 million - $10 million
51-200
100+
H
100
98
99
98
96
NC
6
2008
$1 million - $3 million
1001-500
100+
H
96
98
96
100
98
NC
7
2005
$5 million - $10 million
51-200
100+
H
96
98
97
99
95
NC
8
2000
$1 million - $3 million
501-1000
100+
H
95
98
96
95
96
NC
9
1979
$3 million - $5 million
1 - 10
100+
H
95
95
95
96
94
NC
10
2015
Above $10 million
100+
H
95
95
94
93
93
NC
Merchants looking for cash advance services are looking for a service which has fair rates associated with the loan or cash advance. During our analysis of merchant cash advance providers we compare the fees and rates associated with the cash advance to ensure the fees the merchant will incur over their use of the cash advance is competitive to others offering similar cash advances and financial stability solutions.
There are a number of different methods which merchant cash advance providers can use to calculate the payments required by the merchant for repayment in addition to how fees and interest rates are being calculated. We compare the different methods used by merchant cash advance services in order to recommend the vendors which are offering merchants an acceptable way to repay the cash advance they receive.
Due to the nature of the service it is important for the cash advance loan provider to provide their merchants with an effective channel of communication to discuss terms of repayment, the terms of their agreement, or to discuss the requirements of receiving a loan. Customer support needs to be available to both new and existing clients to ensure clear communication and understanding between both parties.
The process used to apply for and determine the eligibility of receiving a merchant cash advance should be simple and straight forward for the merchant. The merchant should be able to simply provide the information requested in order for their eligibility to be determined. The internal process of the merchant cash advance company should also be quick and efficient to deliver a decision as soon as possible.
It is also important for the security concerns and practices of the merchant cash advance company to be comprehensive to ensure that their client information is being held securely. It is also important for the vendor to ensure that payment information and repayment efforts to be properly secured and classified to protect the identity and the security of sensitive information from falling into the hands of unauthorized parties.
Suite 103
Naples, FL 34109
Phone: 239-314-0274
Email: [email protected]
