Merchant Cash Advance (MCA)
quick access to working capital
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’s 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.
Businesses who accept credit card payments and are in need of quick capital are ideal candidates. Remember, aside from being quick 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.
Short-term loans allow for very fast funding so you get a lump sum of cash with a predetermined payment term. Payment is usually made daily, weekly or bi-weekly. The short term loan is best for business with high and consistent sales that are in need of quick unsecured cash to use however you need.
Fast Capital in as little as 24 hours
Easy approval process
Little documentation needed
Cost of borrow ing can be more
Businesses that have high and consistent sales and bank deposits
Businesses that need financing right away