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Capitalize on opportunities with a merchant cash advance. Minimal paperwork and no collateral required.

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What is a Business Cash Advance and How Does It Work?

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   A business cash advance, also known as MCA funding, is a type of loan that is based on the future revenue that a company will produce. In other words, a company can receive a small business cash advance immediately, and then cover it by selling future sales to the lender at a discounted rate.

Unlike a traditional loan, where you can borrow a fixed sum and then pay interest until the amount is paid in full, a business cash advance uses a fixed sum that will need to be paid back in the form of a percentage of all future sales.

For this reason, these types of capital cash advance funding options are popular among companies that deal with point-of-sale technology, such as those operating in retail or hospitality. A cash advance for business allows companies to pay back the loan by giving back a percentage of every single transaction, making it much easier to manage.

You Have Questions, We got answers

What is the Application Process Like?

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Requirements for a line of credit will depend on each lender. However, lenders typically look at the following few factors when approving a LOC:

  • Collateral: As mentioned previously, for a secured business line of credit, the lender will require you to put up some sort of asset.

  • Business history: The longer your business has been in operation for, the easier it is for lenders to approve your line of credit.

  • Profitability: Lenders will check for cash flow and income statements to verify business profitability.

  • Credit score: Having a good credit score is especially important if you want a business line of credit with no personal guarantee. Similar to an unsecured real estate line of credit or even your regular credit card, lenders scrutinize personal credit scores a lot more with an unsecured loan, since they are the ones taking on the risk.

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What Do You Need to Be Approved?

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A business line of credit can be used to cover any type of business-related expenses. There are not a lot of restrictions besides using it for business purposes. It is, however, typically used as a short term line of credit for fulfilling immediate or temporary business needs. These needs can include:

  • Fulfilling payroll or staffing requirements

  • Paying suppliers

  • Increasing inventory

  • Funding a marketing campaign

  • Repair or upgrade equipment

  • Cover seasonal lulls in cash flow

  • Emergency funds

Funds available within hours

Merchant Cash Advance funds quickly with minimal paperwork. Once contracts are signed, funds are wired within hours.

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Freedom of unsecured funding

Get funded based on future sales without strict credit card requirements or collateral. And there’s no prepayment penalty. Ever.

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Credit isn’t perfect? No problem.

We understand your credit doesn’t reflect the health of your business. We review banking statements to get the full picture.

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Fixed cost of capital

We keep things simple for better budgeting and cash flow management. No variable APR or interest rate. Just fixed cost of capital.

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