It takes just 48 hours to get access to your capital when you qualify for a Merchant Cash Advance.
Business owners get access to more working capital even before they have paid back the initial advance.
To qualify for a MCA you should make a minimum of $5,000 a month in revenue, have been in business for at least 3 months and have at least 10 deposits per month.
Never default because only percentage of your sales will go to pay back your advance. No sales no payment.
A lender advances a business owner money based on revenue and the risk involved. Risk include the history of the business and the size and number of deposits into the business bank account.
When a customer makes a purchase with their credit card the money is routed through a processing box and at the end of the day a predetermined amount of money is sent to the lender.
Each day or week, depending on whether it is daily or weekly repayment agreement, the portion of the credit card sales is deducted from the outstanding advance until repaid in full.
Currently we are only accepting applications from business owners in the U.S. and Canada
You can complete the entire process from your phone.
You are kept in loop every step of the way