How does the Merchant Cash Advance program work?

Merchant cash advances typically range from $10,000 to $100,000 and vary based on your business’ monthly Visa/MasterCard volume. With no obligation, it’s fast and easy to determine how much you qualify for. Simply complete our MCA application and provide the required items to find out how much you qualify for. Once you know what you qualify for you can determine the amount you would like to receive. The minimum advance is $10,000.00.

No, we work with many credit card processors so you do not need to change your processor. You will instruct your current processor to change the remittance address so that 20% of the Visa/MasterCard receivables are forwarded to repay the advancement.

You will need your 4 (or 12 for a seasonal location) most recent merchant card statements, most recent checking account statement, copy of principal owner(s) driver’s license, business license, voided check, articles of incorporation/organization, and MCA Application.

There is no cost or obligation to apply.

Our basic qualifications are that you must have a physical location, be in business for at least 1 year, process at least $10,000/month of Visa/MasterCard receivables and have at least 1 year left on your location/business lease.

Unlike a traditional loan request, a merchant cash advance is not based solely on your credit score. The business owner’s credit history is reviewed as part of our qualification process, but it is important to note that a damaged credit history is not an automatic disqualifier for the business.

No. A merchant cash advance is not a loan and does not require personal collateral.

We get paid as you get paid. You never have to write a check. Our automated process is designed to work with your credit card processor to collect a small percentage of your daily Visa and MasterCard receivables until your merchant cash advance is settled.

No. The percentage is fixed until the advanced is paid in full.

Our merchant cash advance is not a loan; therefore there is no prepayment penalty, no fixed payment schedule, no maturity dates, and no minimum monthly payments. At any time, you can choose to settle the advance by paying the remaining balance in full.

Many of our clients use the money for business development needs like expansion, advertising or stocking up on merchandise. Other uses for the money could be to cover seasonal fluctuations or unexpected maintenance issues that could disrupt business.