Merchant Cash Advance
Get Quick Access to Working Capital by leveraging your future sales.
A Merchant Cash Advance is technically not a loan. A financing company advances you cash in exchange for a percentage of your daily credit card sales.
Loan Amount
$5,000 to $500,000
Factor Rate
As low as 1.14
Repayment Frequency
Automatically payed daily from your merchant account
Time to Funding
As fast as 24 hours
Pros
- Quick to fund
- Easy to Approve
- Credit Score is not a determining factor
- Suitable for a wide range of business purposes
Cons
- Quick to fund
- Easy to Approve
- Credit Score is not a determining factor
- Suitable for a wide range of business purposes
Compare to other loan types
| Loan types | Max amount | Interest rate | Speed |
|---|---|---|---|
| Merchant Cash Advance | $5K to $500,000 | As low as 1.15 | As fast as 1 day |
| SBA Loan | $5K – $5M | Starting at 7.75% | As fast as 2 weeks |
| Business Term Loan | $25K to $500K | 7 – 30% | As fast as 2 days |
| Business Line of Credit | $5K to over $1M | 7% – 25% | As fast as 1 day |
| Invoice Financing | Up to 100% of invoice value | Roughly. 3% + % per week outstanding | As little as 1 day |
| Equipment Financing | Up to 100% of equipment value | 7% – 30% | As fast as 2 days |
| Short-Term Business Loan | $2.5K – $250K | Starting at 10% | As fast as 1 day |
Merchant Cash Advance
Get the working capital needed without getting into a bind.
When you need cash fast, your bank or any other traditional lender is not usually one to respond quickly. So the next time you have a growth opportunity that just can’t wait or need capital to address your bottom-line a merchant cash advance has you covered.
For businesses that generate a large portion of their revenue through credit card or debit card sales – such as retailers and restaurants- a merchant cash advance can be especially appealing. With little to no collateral, limited business history, or even a low credit rating you can get the short term financing needed with minimal paperwork.
Minimum Qualifications
Annual Revenue
$50,000+
Credit Score
500+
Time in Business
6 months+
Documents Needed to Qualify
- Credit Card Processing Statements
- Business Bank statements
Ready to See your Options?
It’s free to apply and it won’t impact your credit