I was declined because of industry type

The merchant cash advance industry has evolved a lot from where it used to be five years ago. Private lenders have learned from their past mistakes and are constantly modifying their businesses practices in order to reduce their bad debt.

The merchant cash advance industry has expanded to many types of businesses that typically were not eligible and now are, but many of the industries which were once easily funded are now finding it increasingly difficult to find funding from merchant cash advance companies. The most recent recession has had a toll on small to medium size businesses, and many turned belly up. Some of these industries suffered as a result of the crashing housing market, or because consumers didn’t have the money this year to spend on luxury items. Many that are making it through the recession are also finding it increasingly difficult to stay afloat, and have been seeking help from banks and merchant cash advance companies. But some industries have historically performed poorly when taking out a merchant cash advance. Below is a list of industries that will find it more difficult to obtain a merchant cash advance. This list is not set in stone, and many times there are exceptions, but it is to act more as a guideline for merchants who are applying for a merchant cash advance. To find a top lender click here!

Jewelry
Upholstery
Furniture
Automobile Dealerships
Landscaping
Cell Phones
Travel Agencies
Plumbing
Tile