Merchant Cash Advances (MCA’s) are otherwise known as a purchase of future receivables and are one of the quickest ways to obtain financing. Providing funding of $1,000,000 within one business day is just one of the potential benefits an MCA can offer. MCAs provide a stress-free form of financing. Through innovation and minimal amounts of required documentation, this transaction tends to be effortless as well as paperless.
MCA’s are a cash-flow based product, have no set term, and are based on projected revenue. Approvals are dependent on cash-flow generated by the business. In addition, an individual’s credit score typically has little to no impact on the approval process. MCA’s are a great option for businesses that are working to obtain capital because they are efficient and flexible.
Obtaining an approval is as simple as filling out a one-page application and providing three months of business bank statements. Typically, funds can be wired the same day of application, and often within hours of receiving the finalized contracts. This is a unique product that allows your business to seize countless opportunities by providing a lump-sum of cash up-front.
Merchant Cash Advances (MCA’s) are purchases of future receivables.
- Terms: 3 to 24 Months
- Funding Amount: Up to $500,000
Benefits of a MCA
- Lump sum of cash up front
- Funding provided within one business day
- Paperless process
- Flexible terms
- Cash flow based
- No impact to your credit score
- Little to no credit score requirements