Merchant Cash Advance built on flexibility
Our merchant cash advance is designed for businesses with a need for capital fast.
Merchant Cash Advance built on flexibility
Our merchant cash advance is designed for businesses with a need for capital fast.
What is a merchant cash advance?
A merchant cash advance gives a business access to capital fast to meet their business needs based on future credit card receivables. The way this business cash advance works is it gives a business access to funds in a fast and simple way in return for a portion of the business’s future revenue receivables at a discounted price. To be approved for an MCA, certain criteria must be met. An important criteria, among others, is that the business must accept credit card payments or have other receivables.
Our merchant cash advance amount starts at $5,000 and ranges up to $500,000. This business advance is ideal for businesses who need fast access to capital funds with a simple and easier application process. The merchant cash advance also provides a business with flexibility as the advance has variable payments based on business receivables. If your business has high credit card sales, or has lots of receivables, or is seasonal, then a merchant cash advance might be ideal for the business.
Flexible Payments
Automatic payments calculated based on a percentage of the business’ credit card sales or other receivables
Estimated Completion Date
Payments are based on the business’ receivables so there is no fixed payment term
Cost and Fees
The receivables are purchased at a discounted price and fees may be charged and deducted from the advance amount
**An estimated completion date is calculated based on the estimated time it will take the business to deliver the receivables (which will vary based on the business’ performance). These estimated completion dates typically range between 3 months up to 18 months, but this is only an estimate.
**An estimated completion date is calculated based on the estimated time it will take the business to deliver the receivables (which will vary based on the business’ performance). These estimated completion dates typically range between 3 months up to 18 months, but this is only an estimate.
Merchant cash advance allow fast access to capital.
All you need are 4 important things to apply.
Form of identity validation
Business bank account number and routing number for deposit
Last three months of business bank statements
Last three credit card processing statements
Application Process
Apply Online
You can apply online from anywhere and on your device. Just click the GET QUOTE button at the top of the page. Let us know about the company and goals, and remember to collect the necessary documentation.
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Merchant Cash Advance FAQ
How does a merchant cash advance work?
A merchant cash advance provides the required business with the funds it needs quickly and easily in exchange for a reduced share of the company's future revenue receivables. A portion of the firm's future accounts receivables is given to the small business lending company.
Can I get a merchant cash advance with bad credit?
While credit may be considered by most small business finance organizations when reviewing your application, it may not be the deciding factor in whether or not the application is granted. Most small business finance providers will look at your company's overall performance, including revenue, time in operation, accounts receivables, and credit history.
Is a merchant cash advance the same as a business cash advance?
Yes, a merchant cash advance is the same as a business cash advance; the only difference is the nomenclature, but the product offers operating capital to small businesses. A merchant cash advance, also known as a business cash advance, is a purchase and sell transaction in which a small business finance firm buys a part of the company's future accounts receivables at a discount and gets paid a proportion of those future accounts receivables.
Who can apply for a merchant cash advance?
A merchant cash advance may be applied for by a small firm that has accounts receivables, such as credit/debit card sales, invoices, and so on. To determine whether a merchant cash advance is suitable for the small business, the small business lending organization will examine credit card processing statements, business bank account statements, invoices, and other documents.
How can my business benefit from a small business cash advance?
A small business cash advance may help a company since it provides quick access to the funding it needs with relatively flexible payment choices. Traditional loans are less flexible than small company cash advances. This is perfect for seasonal organizations, have a lot of receivables, or have a lot of credit card sales.
What is the difference between a merchant cash advance and a small business loan?
A merchant cash advance is a buy-and-sell transaction in which a finance firm buys a piece of a small business's future income stream (such as credit/debit card sales or accounts receivables) at a discount. When a financing firm provides money to a borrower, the borrower is required to return the small business loan with set installments.
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