Merchant Cash Advance

Get quick access to capital using the collateral of the future.


Who Qualifies for Merchant Cash Advances?

Would your business be eligible for a merchant cash advance? If you have little or no collateral, limited business history, or a low credit rating, merchant cash advances could be a solution to your financing problems.

Merchant cash advance providers tend to have easy eligibility standards, so most small businesses shouldn’t have a problem qualifying. Plus...For businesses that make a big portion of their revenue through credit card payments—if you own a restaurant or a retail store, for example—then you can use a merchant cash advance as a short-term financing tool. It can help with working capital, inventory purchases, debt payments, unexpected payments, and more.


How Do You Apply for Merchant Cash Advances?

Applying to a merchant cash advance is a fast and easy process. Because merchant cash advances are paid back with your daily credit card sales, MCA companies will look at your credit card processing statements to make sure you have enough volume coming into the business. Some merchant cash advance companies will ask for your credit score and bank statements, too.

Merchant cash advance applications are almost always online, and applications can be approved the same day you apply. Remember: fast cash is expensive cash, and an MCA is no exception. A merchant cash advance application is fast and easy, but MCAs come with the highest cost of capital on the market.


Merchant Cash Advance: The Fundamentals

How would you like a cash advance—approved and funded in just a day or two—with almost no paperwork involved?That’s what a merchant cash advance is, with one caveat:In return for that lump sum advance, you agree to pay the lender back with a percentage of your daily credit card sales.

For this reason, MCAs typically make sense for businesses that get most of their revenue from credit card and debit card sales (but you don’t have to get all your revenue this way in order to qualify for a merchant cash advance).How does it work in practice?Well, with most types of MCAs, a provider will offer you a lump sum of cash in exchange for a slice of your daily credit card and debit card sales.

Typically the MCA is paid back by remitting that percentage of your sales from your bank account—through ACH (Automated Clearing House) withdrawals. As merchant cash advance providers can just plug into your bank account or credit card processor, they can be easy-to-access, quick products.While a merchant cash advance is definitely one of the faster financing options out there, it is the most expensive loan on the market.


Merchant Cash Advance: The Fundamentals

How would you like a cash advance—approved and funded in just a day or two—with almost no paperwork involved?That’s what a merchant cash advance is, with one caveat:In return for that lump sum advance, you agree to pay the lender back with a percentage of your daily credit card sales.

For this reason, MCAs typically make sense for businesses that get most of their revenue from credit card and debit card sales (but you don’t have to get all your revenue this way in order to qualify for a merchant cash advance).How does it work in practice?Well, with most types of MCAs, a provider will offer you a lump sum of cash in exchange for a slice of your daily credit card and debit card sales.

Typically the MCA is paid back by remitting that percentage of your sales from your bank account—through ACH (Automated Clearing House) withdrawals. As merchant cash advance providers can just plug into your bank account or credit card processor, they can be easy-to-access, quick products.While a merchant cash advance is definitely one of the faster financing options out there, it is the most expensive loan on the market.