Merchant Cash Advance

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    A royalty fee is withdrawn on daily credit card transaction sales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

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