The industry you operate in and its risk level
If your sales are affected by seasonality
How much of your business transactions take place with credit cards processing
Most merchant cash advance companies can help almost any business in any industry as long as they have daily credit card sales or monthly credit card sales. A merchant cash advance mca, can be beneficial to restaurants, dry cleaners, dental practices, doctors, pharmacies, hotels, real estate companies and many others. At All Year Funding, we work closely with small businesses to pick the best financing plan to help small business owners achieve their goals.
Our job is to provide you with the small business financing you need. Each business owner, knows the best how they want to grow their business. At mCashAdvance™, we don’t limit how owners use their merchant cash advances. Our staff may offer business coaching but the ultimate choice is yours.
Defaulting on a merchant cash advance mca should always be avoided if possible. Some merchant cash advance providers are likely to pursue your personal or business assets to get back their money. Although, generally most MCA providers will not report payment history to appropriate business credit bureaus, they may report a default which will make it more difficult to get business financing in the future and will harm your business credit profile.
Many companies compare merchant cash advances to fast business loans. At the end of the day business owners should consider any line of credit based on the value it brings to the business in a given situation. Instant loans for business as well as merchant cash advances can be funded on the same day if all data is provided to the underwriters.
Applying for a business cash advance is easy, straightforward, and 100% online. Our ‘zero commitment policy’ means that even after you are approved, you don’t need to complete the process if you don’t want to.
Once your cash advance request is approved, we’ll transfer the entire amount into your business bank account. There are two main ways you can pay back a business cash advance:
Using ACH payments – We wait for your credit card sales to deposit into your bank account, then debit the agreed % of sales by automatic debit transfer.
Using your card processing company – We’ll ask your business to use one of our preferred credit card processing machines. At the end of every day, a small percentage of your daily transactions are automatically debited until your advance is paid off.
With Merchant Cash Advance, every business is paired with a dedicated account manager to help them through the process from start to finish. We also provide your business with a secure online portal where you can track your account status from the application stage until the advance is paid off.
Your success is our success!
We debit merchant cash advance payments as a percentage of your future sales, which means that we only get paid once you get paid. You’ll never have to pay more than you can afford if, for example, sales are slower one month.
Approved today, cash tomorrow!
MCA is a direct funder, so we can cut straight to the point. If you need a lump sum of money fast to snap up a good business opportunity, you can count on us to have the money in your bank account within 24 hours of approval!
We see potential, not credit scores!
At MCA, we base our decision on your business performance, not your business credit history. As long as you process your sales through card transactions and sales are consistent, you have a 90% chance of approval.
Fast funding – Time is money, and you have none to waste
Conventional loans require extensive credit and affordability checks and lots of paperwork. Even once you’ve completed the application process, there is a long review period and approval rates are low. However, with merchant loans from Merchant Cash Advance all you need to do is fill out a quick online application form. Since we’re a direct funder, we can advance you the cash within 24 hours of approval.
Affordable repayments – We get paid when you get paid
The most significant advantage that merchant cash advances has over traditional bank loans is that the repayments fluctuate according to your income. This means that your repayments are always in proportion to your cash flow. Meanwhile, traditional bank loan repayments are fixed and rigid. If business is slow for one month, you’ll still need to repay the same amount, regardless of whether your income is lower.
Bad credit compatible – We don’t judge you by your credit score
Unlike banks and conventional lenders, we don’t care about your credit score; we care about how your business is performing. Even if your company has had trouble repaying credit in the past, you still have a very high chance of approval as long as you have a steady flow of card sales.
Easy early repayment – Settle when you want with no penalty
Another benefit of a merchant cash advance loans vs. a small business loan is that you’re free to settle your obligation whenever you want with no charges or fines.It’s important to mention that merchant cash advances are not cheaper than other small business loans. Still, if you need fast funds, it can be a safe and affordable option for your business.
Merchant Cash Advance Calculator
A merchant cash advance calculator can help you calculate the cost of your merchant cash advance. Often it can be difficult to understand the fees and repayments when applying for merchant cash advances. However, calculating your repayments with the use of a calculator can make your life much easier.
How to calculate merchant cash advance factor fees
Let’s say Pete gets a $30,000 cash advance at a 1.20 factor rate. Pete wants to work out how much he will pay back to the merchant cash advance provider. All he needs to do is multiply the cash advance by the factor rate. So, in Pete’s example the calculation is $30,000 X 1.20 = $36,000. Pete would need to pay back $36,000 to the merchant cash advance provider. That means the merchant cash advance has cost Pete $6,000.
Merchant Cash Advance is a direct funder. If your business is eligible, we will provide the cash advance directly. Blursoft is not a funder; It is a platform designed only for a matching service. Also, Merchant Cash Advance delivers over 20 different types of financing.
Merchant Cash Advance specializes in online merchant cash advances for businesses in America. Unlike Lendio, we are a direct funder. The Paycheck Protection Program (PPP) is an SBA-backed loan designed to help enterprises keep their workforce during a crisis. PPP loans are no longer available.
Pre-approval within 4 hours
Same day funding
No paperwork hassle
100% US based company
Highest data privacy
From $5000 to $500,000
No usage restriction