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Merchant Cash Advance

From $10,000 to $5,000,000) within 3 days

  • The most accessible funding option on the market

  • Quick pay-back structure

  • Funds deposited in hours

Young Business Owner

What is a Merchant Cash Advance?

Merchant Cash Advance (MCA) is an easy and quick way in which small and midsize business owners that lack collateral or have a low credit score to qualify for a conventional bank loan can obtain an upfront sum of cash. The borrower will then repay with a percentage of future credit and debit card sales processed through the business’ merchant account.


In reality, an MCA is not a business loan–it is a lump-sum of money provided by the lender in exchange for a percentage of the business’ future revenues.

MCA Features

Check Out What Our Cash Advance Program Has For You

Factor Rate

Starting at 1.20

Terms

3-24 months

Loan Amounts

$10,000 - $5,000,000

Time to Fund

1-2 Business Days

Time in Business

1 Year

Existing Advance

No Problem

Tax Liens Acceptable

Yes

Industries Funded

All

Repayments

Daily or Weekly

Collateral Required

No

Restrictions on Uses

No

Refinancing Options

Yes

Use Cases (Benefits)

Unlike an equipment loan or another use-specific financing product, a merchant cash advance can be used at the discretion of the business owner. Here are a few examples of when an MCA can come come in handy:

Seize New Opportunities

Finally, an MCA can help a small business leap into expansion opportunities that require funds beyond what’s currently on hand. Being able to take on opportunities as they appear can be a boon to business growth longer term—and the speed of a merchant cash advance can help facilitate them.

Shore Up Inventory

MCAs are popular with businesses in the beverage and restaurant space, as well as retailers, because they can be used to buy inventory, which is especially useful for businesses with busy/slow periods throughout the year.

Operate Seasonally

For businesses that operate only on a seasonal basis, applying for an MCA before the start of the busy season to ensure the availability of funds on-hand to run at full steam from day one.

Handle Unexpected Crises

Beyond cash crunches, an MCA can help a business overcome costly problems, like an equipment failure. Once approved for an MCA, a small business can receive funds quickly and take on issues that might not have been affordable otherwise.

Avoid a Cash Crunch

A cash crunch—when cash outflow exceeds cash inflow—can be disastrous, like when an unexpected bill depletes the reserves to pay employee wages or rent. An MCA’s fast approval process can serve as a quick fix.

Benefits of Getting a Merchant Cash Advance

Compare Cash Advance Options To Find the Best MCA For Your Business

Pros

  • Fast approvals

  • Fast funding

  • Minimal underwriting and due diligence

  • Minimal documents required

  • Nearly all credit-types acceptable

  • Will fund even with tax liens

  • Entire process can be handled online

  • Funds wired directly into business accoun

Cons

  • May be expensive

  • Requires daily repayment (or weekly)

  • High fees

  • Can prevent attempts to get traditional financing

  • Blanket lien on all business assets

  • Interest is not tax deductible

  • May stress cash flow

  • Short repayment terms

How To Apply For An MCA

Step 1

Apply Online

Fill the loan application form with basic details like your name, social security number, business tax identification number, business location, and any other essential information regarding your business.  The application can be done online or you can also download our pdf version, fill it out and follow the instructions.

Step 2

Submit Documents

Provide 6 months of business bank statements. Submit the documents that will be used to assess your business’s financial health as well as your identity. Some of the documents include your government-issued ID, and a statement showing your business’s credit card transactions.

Step 3

Approval Process

After completing the loan request form and providing the initial necessary documentation, a loan specialist from will notify you of the approval terms. Once you accept the terms we will send you the contract and finally, you will get funded. Getting approved for an MCA with us is easy.

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