Merchant Cash Advance
What is a MCA - Merchant Cash Advance?
Merchant cash advances (MCA) are not loans, but advances. In exchange for a sum of cash, you commit a slice of your future sales to your merchant cash advance (MCA) lender. Compared to other small business financing products, cash advances are easier to qualify for and with less-stringent credit requirements.
What makes an Merchant Cash Advance (MCA) different than a traditional loan is that with an MCA, the lender is purchasing future receipts or receivables. This is in sharp contrast to traditional loans, which require favorable credit scores and a period of time to have your loan approved. Considering Merchant Cash Advance aren’t credit-score driven and funding can take place in less than 48 hours in most cases, MCAs are the perfect choice for businesses that may not have time on their side but have a stable business model based on business volume and revenue.
What Is Needed to Apply for a Merchant Cash Advance? It's as easy as 1,2,3,4
- Easy No Nonsense Application 1 Page
- 3 Months Business Bank Statements
- 3 Months of Credit Card Processing Statements
- Copy of State ID or Driver License and Business License
Most Common Uses of Merchant Cash Advance
- Business Expansion
- Emergencies that Require Financial Aid
- Working Capital
- Marketing/Advertising for Customer Acquisition
- Purchase of New or Used Equipment
- And many more
What are the Benefits of a Merchant Cash Advance for Small Businesses?
- Great option for companies that don’t qualify for traditional business loans. Those have little or no collateral; bad credit scores, and limited business history.
- A Cash Flow Friendly way to access working capital.
- Fast Funds Instead of looking at your credit, we look at the your income stream to determine the level of risk and reliability. Most application process in 24 to 72 hours.
- No Collateral Needed: You don’t have to pledge any personal or company asset in order to qualify for a merchant cash advance.
- No Hidden Fee’s and you can pay the cash advance off early.
- Credit is Not Necessary Traditional loans require a good personal and business credit score to qualify for a loan. With a Merchant Cash Advance (MCA) we are more concerned with average credit card sales, the number of years in business and your business’ current debt.
Get The Cash Your Business Needs Now
Complete the form and a Corporate Merchant Solutions Business Advisor will contact you.
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