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Merchant Cash Advance

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Merchant Cash Advances (MCA’s) are otherwise known as a purchase of future receivables and are one of the quickest ways to obtain financing. 

Loan Amount up to $500,000

What is a Merchant Cash Advance?

A merchant cash advance or MCA is short-term financing used by businesses to meet financial and operational needs. A merchant cash advance is technically not a loan; it has known as alternative business funding and not covered by the same rules and regulations as other types of financing such as a short-term loan from a conventional bank, small business loan, or term loan. The proceeds of an MCA and repayment of the cash advance are generally based on historical credit card or debit card sales; and future credit card/debit card receivables.

 

Put simply, we provide a lump sum amount of cash based on an anticipated amount of credit card/debit card sales from your business operations. The purpose of a merchant cash advance is to accelerate the business owner’s cash flow, allowing the capacity to take quick advantage of upcoming growth opportunities.

Fast Financing for Your Business

Businesses who accept credit card payments and are in need of quick capital are ideal candidates. Remember, aside from being simple and have a much easier application process, a merchant cash advance provides flexibility with variable payments based on business receivables. If your business has high credit card sales, revenue receivables, or is seasonal, then a merchant cash advance might be ideal for you.

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аналітики

Quick Application

Applying is quick and simple and remittances are automatically debited from your account at a fixed rate each month, giving you the peace of mind that your          remittances will stay consistent.

Flexible Funding

Because your monthly revenue may fluctuate, we give you the option to request an adjustment to your remittances to better fit your revenue of that month.

consistent.

Automatic Remittances

Automatic remittances are based on a factor rate, are gradually debited as a percentage of future credit, and debit card sales. Remittances are automatically deducted from the business bank account that received the funds.

consistent.

Term Length 3 to 24 Months

Qualifying Criteria

  • 650+ credit score

  • 24+ months in business

  • $10,000+ average monthly bank deposits

Required Items

  • Signed one page funding application

  • 3-5 most recent business bank statements

  • Business tax returns & more

Advantages

  • Government-backed and offer lower APRs and longer repayment periods

  • SBA programs offer both small and large funding amounts for optimal coverage

  • Businesses denied  could qualify

  • With large loan amounts and low SBA loan rates; these small business loans can be ideal for growth initiatives.

Disadvantages

  • SBA loan applications are more strict and time-consuming than applications for other term loans or working capital products.

  • Borrower may be required to make a down payment

  • Time to receive funds is slower which means that SBA financing may not be a good fit for certain business needs.

Why Choose Us?

Unlike traditional banks and other alternative lenders, at Finance SMB, we truly value your business. Your success is most important to us, so we will never over-leverage your business by offering you more funding than you can handle. Our simple application and quick approval process makes it easy for you to get the working capital your business needs, and our experienced funding consultants will walk with you every step of the way.

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