ACH Loans & Credit Card Receivables

For urgent needs, a Merchant Cash Advance can be a quick & simple with no need for collateral, even if your credit is less than perfect. A business owner sells a portion of its future credit card revenue to an MCA firm at a discount. Your funding level will be based on how much you process in credit card sales per month. Your credit score will not affect your eligibility. There is no application fee and no obligation once you’re approved. The application process is simple, and our approval rates are high. The money can be in your account in as little as 3-5 business days.

HOW IT WORKS

You receive an advance on future receivables. Essentially, business owners enter a sales agreement in which they sell a portion of their future daily credit card receipts in exchange for an immediate cash infusion. The MCA company buys a fixed percentage of a merchant’s future credit revenues at a discount with a typical payback period between six and 12 months.

 A merchant cash advance is NOT A LOAN.  There is No Personal Guarantee and No Collateral needed to receive the money you need quickly with No Hassle.

 Merchants who qualify can receive as much as $250,000. Once we determine your company’s anticipated sales (based on your credit card processing statements), we can offer you a set cash-out amount – and we’ll get it to you much faster than traditional lending methods. It’s that simple. Your cash advance could be in your account and ready to be used in as little as 3 days.

WHAT ARE THE ADVANTAGES OF MERCHANT CASH ADVANCE FINANCING?

Provides capital quickly when you need to complete a deal, pay an unexpected bill, or simply need more working capital.

Payment schedules are tied to the success of the merchant’s sales, rather than a calendar’s timetable. Thus, payments fluctuate based on the borrower’s success.

Large sums of money can be made available quickly. Fast cash advances can be as small as $5,000 and as large as $200,000. Approvals are often made in a few days.

Credit scores take less importance as MCA funders base their decisions on current operations and upcoming sales projections.

WHAT ARE THE MERCHANT CASH ADVANCE ELIGIBILITY REQUIREMENTS?

Typically, MCA companies look for the following:

  • A business in operation for at least one year.
  • Monthly credit card sales of $3,000+.
  • Businesses that have not declared bankruptcy in the past year, free from liens and other judgments against them.

How is repayment made?

There are typically three ways to repay:

  •  A percentage is taken off each transaction at the credit card processing stage. After each sale is processed, the previously agreed-upon percentage of the transaction is automatically forwarded to the MCA provider.
  •  A “lock-box” is set up, and the business owner steers all of his credit card sales to it. Sales are divided daily, and the agreed upon percentage goes to the cash advance firm.
  • The MCA company agrees to have a direct debit from the business owner’s account.