FAQs

A Merchant Cash Advance (MCA) is a financing solution where a business receives an upfront sum of cash in exchange for a percentage of its future sales. This is not a loan but an advance on future revenue, typically repaid through daily or weekly deductions from credit card sales or bank deposits.

Unlike traditional loans, MCA amounts and payments are based on an appropriate percentage of your daily sales and are originally adjusted to be in sync with your business cash flow schedule and daily income. Additionally, MCAs typically have a much quicker approval process than traditional business loans and require less stringent personal credit requirements.

Most businesses that generate consistent credit card sales or bank deposits can qualify for an MCA. While credit score is considered, approval is primarily based on cash flow and revenue trends.

The funding amount varies based on your business’s revenue, typically ranging from $5,000 to $500,000. The advance amount is determined by factors such as monthly sales volume and business stability.

Repayments are made through an agreed-upon amount, which is paid from your daily, credit card transactions and/or bank deposits.

The approval process is fast, often within 24-48 hours. Once approved, funds can be deposited into your business account within 1-3 business days.

Most MCAs are unsecured and rely on proceeds from business sales, instead of a collateral. However, in some cases, some MCAs may require some guarantees.

Yes, MCAs are typically accessible to businesses with lower personal credit scores than traditional loans since approval is primarily based on business revenue and cash flow rather than your personal credit history.

Many industries qualify, including retail, restaurants, healthcare, e-commerce, and service-based businesses. If your business has consistent revenue, you may be eligible.

Yes, in some cases, businesses can qualify for a renewal or additional funding once they have repaid a portion of their initial advance.

Applying is simple. Fill out our online application and our team will review your request promptly. If approved, funds can be available in as little as 48 hours.

As per the application, businesses can need MCA funds for a wide variety of needs, including payroll, inventory, marketing, equipment, or expansion etc.

If you face financial difficulties, we recommend contacting our support team to discuss possible solutions.

You can reach us via phone, email, or our website’s contact form. Our team is happy to assist with any questions or concerns about the MCA process.