Factor Rates From: 1.20
Terms: 3-18 months
Loan Amounts: $20K – $5M
Time to Fund: 1-2 Business Days
Time in Business: 1 Year
Existing Advance: No Problem
Tax Liens Acceptable: Yes
Industries Funded: All
Repayments: Daily or Weekly
Collateral Required: No
Restrictions on Uses: No
Consolidation/Refinancing Options: Yes
Merchant Cash Advance
MERCHANT CASH ADVANCE
LOANS FOR SMALL BUSINESS OWNERS
FROM $20,000 TO $5,000,000 WITHIN 3 DAYS
The most accessible funding option on the market | Quick pay-back structure | Funds deposited in hours
BUSINESS FUNDING
Flexible Private Lending
Loan Amounts
From $20,000 to $5,000,000
Loan Terms
3 – 18 Months
Time to Fund
1-2 Business Days
Factor Rate
Starting at 1.20
Put a Merchant Cash Advance To Work For You
Any Business Owner
We Help You
Our Cash Advances
What is a Merchant Cash Advance?
Merchant Cash Advance (MCA) is an easy and quick way in which small and midsize business owners that lack collateral or have a low credit score to qualify for a conventional bank loan can obtain an upfront sum of cash. The borrower will then repay with a percentage of future credit and debit card sales processed through the business’ merchant account. In reality, an MCA is not a business loan–it is a lump-sum of money provided by the lender in exchange for a percentage of the business’ future revenues. A Cash Advance is an excellent alternative for any business owner with a low credit score (FICO) because it is a short-term loan that requires no collateral. Also, if you need working capital instantly, the approval process is faster than any other loan.
How a Merchant Cash Advance Works
As a business owner, I’m sure you recognize the importance of having money available in case it is needed. If you have to make urgent reparations or buy new equipment that will make your job easier and increase your revenue, then you’re going to need some capital to cover those expenses. If you have the money, excellent, but, what if you don’t?
The first thing that comes to mind would be getting a loan from the bank. However, banks are denying loans to business owners in record numbers, leaving them frustrated and with no options.
Securing financing for your company should not be hard, especially if you are facing problems that could threaten your business.
Luckily, alternative lending institutions like have loan pro Busy Bee Services grams made for business owners that could use some extra funds to enhance the performance of their business.
Why should you apply for a Merchant Cash Advance?
While a cash advance is not technically a loan, an MCA is perhaps the quickest and easiest way to obtain working capital for your business.
When you get a cash advance, the lender will give you a lump sum of cash in exchange for a percentage of your future debit or credit card sales. Then, the loan can be repaid by automatically debiting the agreed amount daily or weekly from your business’ merchant account.
Before the MCA lender transfers the funds into your account, he or she will provide a detailed loan agreement form showing the advance amount, the amount you are expected to pay back, and the loan term.
Opposed to fixed payments loans, in a cash advance the agreed amount is automatically deducted from the daily sales generated on your merchant account until the advance is paid off.