A merchant cash advance is not technically a loan. With an MCA, a financing company (Buyer)
advances you cash in exchange for a percentage of your future daily sales, plus a fee. This is
essentially selling your future receivables at a discount. Merchant cash advances can be quick,
easy ways to get a business cash advance with no need for collateral—even if you don’t have a
great credit score.
Who Qualifies for Merchant Cash Advances?
If you have little or no collateral, limited business history, or a low credit rating, merchant cash
advances could be a solution to your financing problems. As a Merchant cash advance provider, we offer easy eligibility standards, so most small
businesses shouldn’t have a problem qualifying.
Merchant Cash Advance: The Basics
How would fast funding—approved and funded in just a day or two—with almost no paperwork
involved work for you?
Great news, Merchant Cash Advances are the fastest way to get funding in today’s market.
In return for that lump sum advance, you agree to pay the funder (Buyer) back with a
percentage of your daily sales whether through daily ACH payments or as a split on a percent
of your credit card transactions. For a split as an example, if you and your buyer agree to a 10%
split on your credit card transactions, then if $100 is processed $10.00 will go to the Merchant
Cash Advance provider (Buyer) and the net difference of $90 to your bank account.
How does it work in practice?
Well, with most types of MCAs, a provider will offer you a lump sum of cash in exchange for a
slice of your daily credit card and ACH transactions. Typically the MCA is paid back by remitting
that percentage of your sales from your bank account—through ACH (Automated Clearing
House) withdrawals or directly from your Merchant Processor assuming they provide the
technical back-end. As merchant cash advance providers can just plug into your bank account
or credit card processor, they can be easy-to-access, quick products.
How Do You Apply for Merchant Cash Advances?
Applying for a merchant cash advance is the easiest of financial products we offer. Because
merchant cash advances are paid back with your daily credit card sales, we will look at your
credit card processing statements and or bank statements to make sure you have enough
volume coming into the business.
Our application process is completely online, and applications can be approved the same day if