Merchant Cash Advance

MCA

A merchant cash advance (MCA) isn’t technically a loan, but rather a cash advance based upon the credit card sales of a business. An MCA is an option when a business needs access to capital quickly to take advantage of an opportunity to purchase inventory at a discount, a special marketing opportunity, or other short-term capital need.

An MCA provider looks at the daily credit card receipts to determine if the business can pay back the funds in a timely manner. Basically, a small business “sells” a portion of future credit card sales to acquire capital immediately.

Because credit requirements are less stringent, it could be an option for a business that does a lot of credit card transactions, but might have less-than-perfect credit.

Couple Doing Home Budget And Paying Bills

How To Apply

The time it takes to get approved for a merchant cash advance could be anywhere from hours to a few days. Once approved, a business could receive the funds within 2 days.

The application process isn’t as complicated as a traditional loan, which typically makes the merchant cash advance approval process a faster option. Here are the usual steps:

Contact us to discuss whether an MCA loan is appropriate for your business.