Our Services

MERCHANT CASH ADVANCE (MCA) LOANS | BUSINESS LOANS

A Merchant Cash Advance (MCA) is an alternative financing option that allows businesses to leverage their credit card sales to obtain quick access to capital. Unlike traditional loans, MCAs provide flexibility with repayment tied to daily or weekly credit card receipts.

Repayment through daily or weekly debit from credit card sales.
1. Advances Secured by Credit Card Receipts

Advances secured by direct access to the merchant's credit card receipts.

2. Payback Percentage

Payback typically ranges from 20% to 40% of the amount borrowed.

Understanding Merchant Cash Advance

A Merchant Cash Advance (MCA) isn't a loan but rather an advance based on future credit card sales. Businesses apply for cash advances and receive funds quickly, repaying through a percentage of daily credit card receipts.

Unlike traditional loans, MCAs evaluate risk based on credit card sales rather than credit history, making them accessible for businesses with fluctuating sales volumes.

How MCAs Work

MCAs involve an agreement where businesses receive a lump sum deposited into their account. Repayment is through daily deductions from credit card sales until the advance and fees are fully paid.

Repayment and Costs

Repayments typically range from 20% to 40% of the amount borrowed, deducted daily from credit card transactions. This flexible repayment aligns with cash flow and sales.

"Merchant Cash Advances provide swift capital for businesses needing immediate cash flow support, with repayment tied to future credit card sales."

Quote

Choosing between a Merchant Cash Advance and traditional loans depends on immediate cash needs and sales structure. MCAs suit businesses with high credit card sales seeking rapid financing without extensive credit checks.

How to Apply for a Merchant Cash Advance Loan?

Applying for a Merchant Cash Advance (MCA) involves a streamlined process compared to traditional loans. Here are the steps typically involved:

  1. 1. Preparation

    Prepare your business documents, including recent bank statements and credit card processing statements. MCAs rely heavily on your business's credit card sales history to determine eligibility.

  2. 2. Research Providers

    Research MCA providers to find reputable ones that offer terms suitable for your business needs. Compare factors such as advance amounts, repayment terms, and fees.

  3. 3. Application

    Complete the application form provided by your chosen MCA provider. The application typically requires basic information about your business, such as your business tax ID, average monthly credit card sales, and contact details.

  4. 4. Submission of Documents

    Submit required documents, which may include several months of credit card processing statements, business tax returns, proof of identity, and potentially a lease agreement for your business premises.

  5. 5. Approval Process

    Wait for approval, which can range from a few hours to a few days depending on the provider. Some providers offer expedited processes, especially for businesses with urgent cash flow needs.

  6. 6. Agreement and Funding

    If approved, review the terms and conditions carefully. Once you accept the offer, funds will typically be deposited into your business bank account within a couple of days.

  7. 7. Set Up Payment Processing

    Some MCAs require you to switch your credit card processing to a specific provider. Ensure you understand and are comfortable with any changes required in payment processing.