How It Works

A merchant cash advance is a purchase of future receivables, not a loan. This is an important distinction:

• Not a loan - MCAs are structured as a purchase of your future business revenue, not a loan.
• No fixed monthly payment - Repayment is a percentage of your daily credit card or bank sales. When sales are slow, you pay less.
• Bad credit OK - Approval is based on your business revenue, not your personal credit score.
• No collateral required - Your future sales are the qualification, not your property or assets.
• Factor rate, not APR - MCAs use factor rates (typically 1.1 to 1.5), not traditional interest rates.
• Fast approval - Most applications are reviewed within hours, not weeks.

Here's what the typical process looks like:

1. Application submitted - You provide basic business information through our free form.
2. Revenue reviewed - The MCA company reviews your recent bank statements or credit card processing history.
3. Quote provided - You receive a no-obligation offer with the advance amount, factor rate, and holdback percentage.
4. Agreement signed - If you accept, you sign the purchase agreement.
5. Funds deposited - Capital is deposited into your business account, typically within 24 hours.
6. Repayment begins - A fixed percentage of your daily sales is automatically remitted until the purchased amount is fulfilled.

The entire process from application to funding typically takes 1 business day. Merchant Cash Advancer connects you with providers at no cost.