Merchant Cash Advance
A merchant cash advance is a great fit for businesses that need capital and have regular credit card receivables as an anchor of their business. An “MCA” offers a lump sum of capital that can be available quickly and is recouped over time using a small percentage of daily credit card or checking account transactions. This is not considered a loan, as it is based on the business’s future receivables, discounted over time.
To qualify you need –
5 or more months in business
650+ credit score
$15,000+ inconsistent monthly revenues.
To get started –
- Completed application
- At least 3 months through 6 months of full recent bank statements preferred
- Completed DocuSign Application
If you qualify, we can have funds in your account in 24 – 48 hours.
- Advance from $5K to $400K
- Factor rates as low as 1.15
- Duration between 3 to 18 months
- Decision as fast as 24 hours and funds as soon as the next day
Let’s talk
Book a time to speak with one of our experienced professionals for a free consultation on the best options for your business. BizFi appreciates the opportunity to support your business.