Merchant Cash Advance
A merchant cash advance (MCA) provides unsecured capital to small business owners on future credit card sales, providing small businesses an alternative to traditional bank loans. MCA quickly provides cash for businesses, allowing you to borrow against future earnings to access that capital today.
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How funding works
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Factor rate range: 15% – 49%; the advance is at a fixed rate, not an APR
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Repayment can be made on either a Daily, Weekly, Bi-Weekly, or Monthly payment
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Repayment terms range from 30 days up to 24 months
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Repayment can be made through ACH Debits or Credit Card Processing Holdbacks
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Funds can be sent in as quick as one business day
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Funding amounts range from $20,000 up to $2,000,000
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What rates are based on
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Average monthly revenue
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Time in business
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Credit profile
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Overall financial health / profitability
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Industry
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Requirements
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1-page application
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3-6 months of business bank statements
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Driver’s license
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Voided check
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Additional stipulations may be requested, such as: proof of ownership, financials (P&L and balance sheet), tax returns, accounts receivable reports
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Things to know
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Even if you have a low credit score, a negative financial history, or your business is under a year old, merchant cash advances still offer funding options.
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We can also consolidate existing merchant cash advances to reduce payments and improve cash flow.
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This process is quick and convenient, with minimal paperwork and the possibility of same-day funding.
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Once 50% of the balance is paid off, your business will be eligible for additional funding.
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It's an excellent option for any business generating $10,000 in monthly revenue and operating for at least 6 months.