The Broker’s Guide to Getting More MCA Applications that Actually Convert
As an MCA provider, you don’t want your sales pipeline filled with unverified MCA applications who are not interested in your lending services. Instead, you want qualified, hungry, and ready-to-fund business owners. Right?
This quick-hit guide will help you do exactly that - get more MCA applications from essential business loan leads who won’t ghost you at the finish line. Follow these simple tips to succeed.
Know Who You’re Chasing
Not every business is MCA-worthy. And chasing the wrong crowd is like selling gym memberships at a donut shop. Thus, you should focus on credit card-heavy industries like salons, restaurants, and retail shops with at least six months in the business.
Create an Irresistible Hook
Indeed, your potential clients don’t care about you. They care about solving problems. So, instead of leading with jargon like “Fast Merchant Cash Advances,” start with value-driven messaging like “Need $20k to Grow Your Business? Get Pre-Approved in 5 Minutes.” This makes more sense when running MCA advertising campaigns online.
Follow Up Like a Pro
Hot leads cool fast if you’re not following up. So, use innovative forms with progress bars and conditional logic (only showing relevant fields based on previous answers). Allow your essential business loan leads to save progress and return later. You can also use auto-fill tools to reduce document collection friction.
Qualify and Nurture Your Leads
Once someone submits an MCA application, it’s not “job done.” The real game starts after they hit submit. Not all applications are ready to be funded immediately. Some leads are warm but need nurturing. So, send a personalized follow-up within a few minutes of submission. Segment your essential business loan leads by readiness (hot, warm, cold) and tailor your emails accordingly. You can retarget with ads on Facebook or Google Display to reinforce trust.
Partner with a Trusted MCA Lead Provider
If you’re buying lists from random sources, you’ll end up with stale data and exhausted prospects. Instead, work with a reputable MCA lead generation company like Merchant Financing Leads that offers exclusive or semi-exclusive leads, real-time delivery, compliance with TCPA and CAN-SPAM, and detailed business info. They may even provide pay-per-lead or pay-per-call models to reduce risk.
You don’t just need more MCA applications. Instead, you need better ones. By targeting the right audience, simplifying the process, following up intelligently, and MCA advertising strategically, you can build a lead pipeline that converts. So, why wait? Contact us today for pre-qualified essential business loan leads!
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