Merchant Cash Advance
What Is a Merchant Cash Advance?
A merchant cash advance (MCA) is a type of business capital which is available for various enterprises. In simple terms, it is an amount of money given, in cash, to businesses in order to fulfill their capital needs. The repayment is done through broken up credit card transactions through your business. The repayment schedule varies as per the agreement, type of business, amount of interest, and other such factors. The merchant cash advance carries annual percentage rates which include the total cost of the loan.
Use the Capital as you see fit!
This Merchant cash advance, future receivable purchase or business cash advance can be very useful if all other options fail or are unavailable due to lack of credit, collateral, cash-flow, category (industry) or capacity (5 C’s). In addition to these, it will require minimum of 2 years time in business, plus full financial package such as business and personal tax returns just to get turned down by your banker. SBA will require big down payment and collateral. Banks will need debt level ration that is not well suited for mom and pop businesses.
Wide Range of Terms
Monthly Term up to 10 years (2 – 10 yrs available)
Interest is Tax Deductible
Builds business credit
Business Loans up to $500,000 per Location
Funding in 5-7 business days
Approval based on debt ratio and cash flow.