Highlights

Loan Amount
Cash advance amount depends on credit card transaction volume, usually equivalent of up to 1-3 of monthly credit card sales depending on the repayment term.
$5,000 – $150,000
Payment Frequency
A royalty fee is withdrawn on daily credit card transaction sales
Daily
Loan Term
Length of payment period
3 – 18 Months
Interest Rate
Interest will vary widely based on the years in business, industry and term of MCA
25% – 80%
Time To Fund
Expedited loan application process with minimal documents<
2 – 5 Business Days
Other Considerations
No Personal Guarantee Required
No Collateral Required

Learn the Good & the Ugly

PROS

Flexible credit standards with FICO requirements starting at 500
Short application with quick approval turnaround
Minimal paperwork requirements

CONS

High interest rates
No interest rate savings upon pre-payment
Royalty fee may deviate company to negative cash flow

See What you need to qualify

Check All Boxes and Get Started.

At least 3,000 credit card transaction sales per month

FICO above 500

Last 4 Months of Bank Statements

Last 4 Months of Credit Card Statements