MCA
Alternative to lengthy approval processes and strict credit requirements for traditional term loans. An MCA provides unsecured capital to small business owners on future credit card sales, providing small businesses an alternative to traditional bank loans. MCA quickly provides cash for businesses, allowing you to borrow against future earnings to access that capital today.
Unsecured working capital when your business needs it
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How funding works
Factor rate range: 15% – 49%; the advance is at a fixed rate, not an APR
Repayment can be made on either a Daily, Weekly, Bi-Weekly, or Monthly payment
Repayment terms range from 30 days up to 24 months
Repayment can be made through ACH Debits or Credit Card Processing holdbacks
Funds can be sent in as quick as one business day
Funding amounts range from $2,000 up to $2,000,000
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Rates are based on
Average monthly revenue
Time in business
Credit profile
Overall financial health / profitability
Industry
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Required documents
1-page data form (application)
3-6 months of business bank statements
Driver's license
Voided check
Additional stipulations may be requested, such as: proof of ownership, financials (P&L and balance sheet), tax returns, accounts receivable reports
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Ask Yourself
Do you have any existing debt on your balance sheet? If yes, what are the balances owed and who are the balances owed to?
How do you plan on using the funding?
How quickly do you need funding?
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Good to know
Even if your credit score is low or you have negative financial history or the business is less than one year old, there are still funding options with a merchant cash advance
We can consolidate existing merchant cash advances to lower payments and increase cash flow
This is a fast and convenient process with minimal paperwork and same-day funding available
When the balance is 50% paid, your business will be eligible for additional funding
Great option of any business that is grossing $10,000 in revenue per month and has been in business for at least 6 months