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A royalty fee is withdrawn on daily credit card transaction sales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.
Please check all boxes to make sure you are ready to get started.
