Merchant Cash Advance

• 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.