Merchant cash advance

Mechant Cash Advance Same Day Funding

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Need cash quickly? Get funds as fast as 48 hours based on your credit card sales not credit score.

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Merchant Cash Advance

Merchant Cash Advance (MCA) is getting an advance on Credit Card sales. The advance is repaid by withholding a percentage of merchants credit card processing volume on a daily basis. The amount of Advance can be up-to 150% of the average 3 months credit card sales.

Document requirements to determine
advance amount:
  • 1Three months bank statements.
  • 2Three months of credit card processing statements.
  • 3Copy of your business lease.
Credit scores are not a determining factor

Merchant Cash Advance

Merchant Cash Advance (MCA) is getting an advance on Credit Card sales. The advance is repaid by withholding a percentage of merchants credit card processing volume on a daily basis. The amount of Advance can be up-to 150% of the average 3 months credit card sales.

Document requirements to determine
advance amount:
  • 1Three months bank statements.
  • 2Three months of credit card processing statements.
  • 3Copy of your business lease.
Credit scores are not a determining factor

Some Merchant Cash Advance Terminology

advance amount
ADVANCE AMOUNT

When MCA is approved, you will receive a lump sum as the advance amount. The advanced amount will be based on your processing volume.

Payback amount
PAYBACK AMOUNT

The amount that the business owner must repay is the repayment amount. The monthly payment will be determined based on the amount borrowed. The repayment period is usually six to nine months.

hold back
HOLDBACK

The holdback is a percentage of daily credit card receipts agreed upon and withheld to pay back the MCA. This amount is deducted from your credit card processing.

Merchant Cash Advance

Like every financial product, a merchant cash advance has its advantages and disadvantages.

Pros
  • Right ArrowQuick Access to funds.
  • Right ArrowCredit score is not a determining factor.
  • Right ArrowDoes not require collateral.
Cons
  • Right ArrowMCA's can be expensive.
  • Right ArrowPayments are deducted from credit card sales daily.
  • Right ArrowRepayment terms are usually six to nine months.
merchant cash advance for small business

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