What Is a Merchant Cash Advance?
A merchant cash advance (MCA) provides an upfront sum in exchange for a portion of your business's future sales. Instead of a fixed monthly payment, repayment is collected as a percentage of your receivables, so you pay back more when sales are strong and less when they slow down. A merchant cash advance is a purchase of future receivables, not a loan.
A Good Fit For
- Businesses with strong card or daily sales
- Seasonal businesses with variable revenue
- Owners who need funds fast
- Businesses with less-than-perfect credit
What You'll Need
- A short application
- Recent business bank statements
- Recent credit card processing statements (if applicable)
How It Works
- Apply. Complete a short application online or by phone. It won't affect your credit score.
- Review your options. A funding specialist explains your offers, including total cost and terms.
- Get funded. Accept the option that works best for you and receive your funds.
We'll walk you through the total payback amount and how remittances work before you accept, so there are no surprises.