Merchant Cash Advance
A Merchant Cash Advance is a quick and easy way to get a cash infusion for your business with no need for collateral, even if you have bad credit.
A Merchant Cash Advance as a Business Financing Option.
The Merchant Cash Advance Program is ideal for businesses that might not want, or cannot qualify for a traditional loan. By basing the funding amount you qualify for on the volume of your credit card or gross sales, the Merchant Cash Advance program allows us to convert your future credit card receivables into the immediate capital you need today!
Whether the funds are needed to expand, renovate, or simply reduce debt, access to capital can empower your business to thrive, and the Merchant Cash Advance Program can be the source of that success.
How A Merchant Cash Advance Can Benefit You:
| More Capital | You may qualify for up to 200 % of your monthly credit card processing sales volume, and use the funds for virtually any business purpose. |
| Simple Automatic Repayments | Instead of fixed payments required by most traditional banks, repayments are linked to your business’s daily credit card sales. When sales are slow, payments are minimal and automatically applied until your balance is satisfied. |
| Dedicated Account Executive | An experienced Account Executive will be specifically assigned to your account to assist you throughout the financing process. |
| Need More. Get More. | Approximately 90% of our Merchant Cash Advance clients participate in the program more than once. In fact, the average customer renews about 7 times! |
How Merchant Cash Advance Works
When you apply for a merchant cash advance, we review your recent months of debit and credit card processing to determine an approval amount. Then, we advance you capital that you can use for any business expense and pay back through a small, fixed percentage of your future credit card sales. Plus, there is no need to change your credit card processor.
Since the repayment is a fixed percentage, the amount adjusts to the ups and downs of your daily payment card volume. If you have a good day, you pay back more on your advance. If your sales are slow, well, you pay back less. Regardless, you will have enough cash flow to deal with your day-to-day business functions. You can even get additional capital before your advance is paid off!
Who Qualifies
If you don’t qualify for financing at a traditional bank or financial institution, MCAs could be an option. Merchant cash advances are a good solution if you have little or no collateral, limited business history, or a poor credit rating.
If you receive a large portion of your revenues through credit card payments (for example, restaurants and retail stores), you can use a merchant cash advance as a short-term financing tool to help with cash flow, purchase inventory, pay other debts, meet unexpected expenses, and more.
