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Merchant Cash Advance

A Merchant Cash Advance (MCA) is a flexible financing solution designed to help businesses access quick capital by leveraging their future sales. Unlike traditional loans, MCAs provide an upfront lump sum that is repaid through a percentage of daily credit and debit card sales. This makes it an ideal option for businesses with fluctuating revenues, as repayments adjust according to sales volume.

MCAs are particularly beneficial for small businesses needing immediate funds for inventory, expansion, or unexpected expenses.

A Merchant Cash Advance (MCA) is a flexible financing solution designed to help businesses access quick capital by leveraging their future sales.

The information provided serves as a general guideline. We collaborate with a diverse range of lenders, each offering unique terms and benefits.

To ensure you find the best financing solution tailored to your specific needs, we recommend setting up a meeting with us to review all your options in detail.

Merchant Cash Advances (MCA)

  • Credit Score Minimum: na
  • Income Minimum: $10,000 in monthly sales, deposited to a business bank account
  • Debt to Income: na
  • Time in Business Minimum: 6 months
  • Our general application to start the process.  Depending on which lender ends up being the best fit, we may need to submit a lender specific application. View Application
  • Bank Statements: Last three months.
  • Quick Approval and Funding: Enjoy a fast approval process, often within hours, with funds typically available within 48 hours. This speed ensures you can address urgent financial needs promptly.
  • Flexible Repayment: Repayments are a percentage of your daily credit and debit card sales, which means they adjust according to your sales volume. This flexibility helps manage cash flow more effectively.
  • No Collateral Required: Access significant amounts of capital, up to $575,000, without needing to provide collateral. This reduces risk and simplifies the application process.
  • Ease of Access: The application process is straightforward with minimal paperwork, making it easy to secure the funds you need.
  • Support for Growth: Ideal for various business needs such as inventory purchases, expansion, or managing unexpected expenses, helping your business grow and thrive.

  • Loan Amount: Up to $575,000, depending on your business’s credit card sales volume and financial health.
  • Factor Rate: Instead of traditional interest rates, MCAs use a factor rate, typically ranging from 1.1 to 1.5. This rate determines the total repayment amount.
  • Total Repayment: Calculated by multiplying the advance amount by the factor rate. For example, an advance of $100,000 with a factor rate of 1.2 would require a total repayment of $120,000.
  • Term: Typically 6 to 9 months.
  • Repayment Terms: Repayments are made through a fixed percentage of your daily credit and debit card sales, which means the amount varies with your sales volume.
  • Fees: There may be additional fees, such as origination fees or administrative fees, which should be clarified during the application process.
  • Credit Reporting: Does not report to credit unless you default.
  • Funding Time: Same day to 24 hours.
  • Collateral Required: None.

Merchant Cash Advances (MCAs) can be used for a variety of business needs, particularly when quick access to capital is essential. Here are some common use cases:

  • Temporary Cash Flow Help: Covering payroll, utility bills, or lease payments during periods of low cash flow.
  • Purchasing Inventory: Taking advantage of bulk purchase discounts or seasonal inventory needs.
  • Unplanned Expenses: Managing unexpected costs such as equipment repairs or emergency maintenance.
  • Working Capital: Ensuring you have the necessary funds to keep your business operations running smoothly.
  • Expansion: Funding new locations, renovations, or additional marketing efforts to grow your business.

*We strive to keep our information current, but the lending landscape changes daily, and requirements can vary between lenders. The information provided is intended as a guideline to begin the approval process. Additional information, documents, and requirements may be needed.

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With over 8 years of experience, 950 Credit, Inc. has built a reputation for excellence and reliability in the financial consulting industry. Our team of experts is committed to understanding your unique needs and delivering personalized solutions that drive your business forward.

Contact Us to book your meeting and start your journey to financial success with My Business Credit Boost.