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Frequently Asked Questions

Frequently Asked Questions

How does a Merchant Cash Advance differ from a loan?

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.

How quickly can my business be approved and funded?

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.

Are there application fees?

There is no fee to apply for an MCA. Apply now to see how much working capital your business is eligible for.

How much will my business qualify 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.

What does my business need to qualify?
  • Minimum 6 months in business
  • Minimum 10,000$ in average monthly sales
  • 3-6 months business bank statements
  • No open bankruptcies
  • What is the minimum documentation required to be evaluated for conditional approval?
  • Application to be filled out by 51% or more of your business ownership
  • 4 most recent credit/debit card processing statements , if applicable
  • 4 month business bank statements
  • Are there any additional items required for full approval?
  • Drivers License
  • Voided Check
  • Proof of Ownership
  • Our underwriters may require additional information in certain circumstances
  • How soon after funding can a merchant obtain another advance?

    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.