Merchant Cash Advance
Loans for Small Business Owners from $20,000 to $5,000,0000
Any Business Owner
That needs a cash advance may apply for a Merchant Cash Advance via Capital 1 Funding and have the advance credited to their account in three business days following approval.
We Help You
Capitalize on your future credit and debit card sales today, thereby saving the proceeds to use now. Apply today and withdraw cash evenly distributed from the sales you make today.
Our Cash Advances
Are secure, quick, and easy to obtain, so you won’t need to risk any of your personal or business assets.
What is a Merchant Cash Advance?
Merchant Cash Advance (MCA) is a fast and straightforward way to finance small and midsize companies lacking collateral or having a low credit score with a cash advance upfront in exchange for a percentage of future credit and debit card sales processed through a merchant account.
An MCA isn’t a business loan; it’s a lump-sum payment from the lender in exchange for a percentage of a company’s future earnings.
A cash advance is an excellent choice for any company owner with a low credit rating since it is a short-term loan that requires no collateral. Additionally, the approval process is faster if you need capital immediately than any other loan.
How Does Merchant Cash Advance Work?
As a business person, it’s crucial that you have money ready, as you may need it for any expense that comes up. If you have the funds, that’s great, but if you don t, you’ll need extra cash.
Although bank loans are popular among many business owners, banks are rejecting loan applications in droves. Faced with a dilemma, many entrepreneurs are frustrated and have no unique way to finance themselves.
Securing money for your company should not be difficult, especially since you probably are facing difficulties that could threaten your business.
Fortunately, Capital 1 Funding offers business loans for those needing a little extra money to help them improve their operations.
Why should you apply for a Merchant Cash Advance?
A commercial installment loan or working capital through MCA isn’t technically a loan, but it is likely the fastest way to get cash for your business.
When obtaining a cash advance, the lender will give you a lump sum of cash in exchange for a percentage of your accounts receivable or credit card income. Then, the loan can be paid off automatically within a predetermined timeframe by withdrawing the agreed sum daily or weekly from your business checking account.
The MCA lender will send you the loan agreement form showing the advance amount, the amount you will repay, and the loan term before the loan amount is transferred to your account.
In contrast to fixed payments loans, in a cash advance, the agreed amount is automatically deducted from the everyday sales generated on your account till your advance is paid.
Is Merchant Cash Advance a Good Idea?
The MCA lender is essentially purchasing your prospective sales transactions. They have an agreement with you, and MCA lenders must look at your sales to determine whether they can lend you the money.
A Merchant Cash Advance is an excellent alternative for any business owner with a low credit score (FICO) because it is a short-term loan that requires no collateral. Also, if you need working capital instantly, the approval process is faster than any other loan.
MCAs have several benefits that may convince you to consider them to fund your business.
Benefits of Getting a Merchant Cash Advance
1. You'll Receive A Lump Sum of Cash Very Quickly
When applying for a cash advance, you might need to wait 48 hours when approved for your money to be deposited in your account. Timing is critical for any flourishing business, and improved cash flow could be helpful. For example, maybe you need a business vehicle, and your car dealership has a Labor Day sale. What you need for your particular situation is quick and straightforward funding, and a merchant cash advance may be your best choice to collect a lump sum immediately.
2. Most lenders don't ask for perfect credit.
Merchant cash advances have a much higher chance of approval than a loan or bank card. The application procedure is fast and easy and can often be handled online. Even with a poor credit rating, you’ll still increase your chances of being approved. The creditor’s most important necessity is that the borrower has a monthly volume of business credit card sales that ensures that they will have the ability to pay the advance responsibly. That is their standard of proof, so if your small company regularly facilitates credit card sales, a cash advance could be a viable option for you.
3. There's No Set Payment Amount
A merchant cash advance isn’t a loan. You do not pay back a set monthly payment and will not have to worry about a fixed repayment term. Because of this, if you take out a merchant cash advance, you are not borrowing money; you are selling a piece of your future profits. Therefore, if you have slow sales, you will be making a reduced deposit than you would if your revenues were booming.
4. You Can Use the Money However You'd Like
When you get a lump sum for a merchant cash advance from a cash advance provider, you can spend it however you’d like. This versatility may benefit your company, especially when you prefer to use a cash advance for different business needs.
5. You Aren't Risking Your Assets or Credit Rating
You don’t need to put your assets on the line with a merchant cash advance. Since a cash advance is a sale of future revenues, you don’t need to provide proof with a 750-credit score and a binder full of balance sheets.
Capital 1 Funding helps business owners gain financing so they can succeed in their ventures swiftly and efficiently. Capital 1 Funding can assist you with obtaining a loan, regardless of whether your company is new or small.
Any business owner who needs capital can apply for a Merchant Cash Advance with Capital 1 Funding in three simple steps and get the funds deposited into their account 48 hours after the application is approved.
Apply now and get your free pre-approval for a Merchant Cash Advance from Capital 1 Funding.