MCA - Merchant Cash Advance
Merchant cash advances are not loans but instead a business-to-business transaction that involves the selling of a company’s future credit card sales or a portion of the company’s bank deposits to a commercial lender in exchange for an upfront lump sum of funding at a discount. Since this type of commercial financing is cash flow driven, a company may get approved even with poor personal and business credit. This financing tool is usually used by small and medium-sized businesses that have a time-sensitive cash crunch, because approvals for merchant cash advances can take as little as 2-24 hours, with same day funding.
You can turn your future sales into the financing you need right now to run your business.
Minimum Requirements:
Ending Bank Balance Average over the last three months must be a minimum of $25,000
Borrower Minimum FICO is 640+
No More than two NSF's each month during the four preceding consecutive months
Merchant cash advances are not loans but instead a business-to-business transaction that involves the selling of a company’s future credit card sales or a portion of the company’s bank deposits to a commercial lender in exchange for an upfront lump sum of funding at a discount. Since this type of commercial financing is cash flow driven, a company may get approved even with poor personal and business credit. This financing tool is usually used by small and medium-sized businesses that have a time-sensitive cash crunch, because approvals for merchant cash advances can take as little as 2-24 hours, with same day funding.
You can turn your future sales into the financing you need right now to run your business.
Minimum Requirements:
Ending Bank Balance Average over the last three months must be a minimum of $25,000
Borrower Minimum FICO is 640+
No More than two NSF's each month during the four preceding consecutive months
