An MCA is the advance of funds today for a percentage of tomorrow's sales. There is no interest charged and there is no fixed payback period. An MCA is paid back daily with a small percentage of each day's sales. An MCA works with your business cash flow needs in mind. If your business has a slow season or a slower month, you still pay a percentage of your credit card sales in this case a smaller amount as a result of lower sales. Because a percentage is automatically paid daily there are no checks to write or due dates to remember and you can go do what you do best which is run a successful business.
The approval process is fast. A benefit of an MCA is how quickly we can underwrite the MCA and provide you with capital. When all required paperwork is received in a timely manner, you can be approved in 24 hours and funded within 3 to 5 business days.
There is no fee to apply for an MCA. Apply now to see how much working capital your business is eligible for.
A business will typically receive up to 50 to 200% of their average monthly sales revenue. Revenues may be credit card or non credit card sales revenues.
A business is typically eligible for a additional capital once 50% of the amount of the merchant cash advance is repaid. Approximately 7 out of every 10 businesses return for additional funding.