MCA (Merchant Cash Advance)

A Merchant Cash Advance (MCA) also known as Capital Advancement, is a financing based on future sales through the payments you will receive with the credit and debit cards that your business accepts.

Process to Apply

Documents needed to apply:

 

  • Application. (Applying has no cost)
  • Photo identification issued by the government.
  • Cancelled Check from the business account.
  • Last three bank account statements of the business.
  • Last three statements of credit cards processing ***

*** If the required amount exceeds $ 75,000 dollars we will need extra documentation such as:

  • Last Year Taxes.
  • Business profit and loss report.
  • Business balance report. (More recent)
  • One year of account statements of the business.
  • One year of account statements of processing.

Advantages and disadvantagesĀ 

 

Advantage

  • Quick access to capital.
  • Receiving a cost-estimate does NOT impact your credit.
  • Eliminate short-term financial needs.
  • Flexible payments based on daily sales instead of a fixed amount.
  • It is not necessary to have excellent credit.

Disadvantages

  • Higher rates than a conventional loan.

Instant cash advances for business

Apply today and receive up to 500k tomorrow