A merchant cash advance (MCA) is a lump sum of capital provided to your business in exchange for a percentage of your future daily revenue. It’s not a loan — it’s a purchase of your future receivables, which makes it faster, more flexible, and more accessible than traditional bank financing. There is no interest rate; instead, you’ll see a fixed factor rate applied to your advance amount.
Most applications receive an approval decision within 2–4 hours. If approved before 3:00 PM ET, funds can be wired directly to your business bank account the same day. Otherwise, funds typically arrive the next business day via ACH transfer.
Generally, you need at least 6 months in business, a minimum of $20,000 in monthly revenue, an active business bank account, and a FICO score of 500+. We consider all credit types — past credit challenges or a previous bankruptcy won’t automatically disqualify you. We focus on your actual business performance.
We work with businesses across virtually all industries — retail, construction, healthcare, food service, transportation, professional services, manufacturing, e-commerce, and many more. Contact us directly if you have questions about your specific industry.
A factor rate is a multiplier used to calculate your total repayment amount. For example, a factor rate of 1.30 on a $50,000 advance means you’d repay $65,000 total. Factor rates typically range from 1.10 to 1.50 depending on your risk profile and term length. Unlike interest rates, factor rates are fixed and clearly disclosed upfront.
Yes, you can pay off your advance early at any time without prepayment penalties. In fact, paying early may reduce your overall cost of capital and help you qualify for better terms on your next advance. Contact your funding specialist for a payoff quote.
Since repayments are automated via ACH from your business bank account, missed payments typically happen due to insufficient funds. If this occurs, reach out to your account manager immediately. We work with you to find solutions — communication is key. Chronic NSFs may affect your renewal eligibility.
We typically require at least 6 months in business to qualify. If you’re a newer business, we encourage you to apply once you’ve established consistent revenue and bank deposits. Startups with under 6 months of operating history are generally better suited for alternative funding sources.
Absolutely. We use bank-level encryption (256-bit SSL) to protect all data submitted through our platform. Your documents and personal information are stored securely and never shared without your consent. We take data security as seriously as any financial institution.
In some cases, yes — this is called “stacking.” However, we generally recommend consolidating existing advances before taking on additional debt. If you have an existing MCA, let us know and we’ll work with you to find the best solution. Transparency about your current obligations helps us serve you better.
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