Merchant Cash Advance

Merchant Cash Advance

Fast working capital based on your business revenue and future sales, designed for existing businesses that need quick access to cash flow.

Program Rates & Terms

• Factor Rate: 1.1 to 1.5
• Term: 3 to 12 months
• Payment Structure: Daily or weekly payments
• Repayment Source: Based on future business sales or receivables
• Effective APR: Typically higher than traditional financing and may range from 30% to 120%+ depending on provider, advance size, and repayment speed

Qualification Guidelines

• Credit: 550+ preferred
• Time in Business: 6+ months preferred
• Revenue: $10,000+ monthly revenue preferred
• Deposits: Consistent monthly business deposits are important
• Business Type: Best suited for existing businesses with regular sales activity

Required Documents

• 3 to 6 months of recent business bank statements
• Merchant processing statements, if applicable
• Business legal documents, if requested
• Voided business check or bank verification
• Completed application

Best Fit For

• Existing businesses needing fast working capital
• Businesses with steady daily, weekly, or monthly sales
• Retail, restaurant, service, transportation, and high-volume businesses
• Businesses that may not qualify for traditional bank financing
• Short-term cash flow needs, emergency expenses, inventory, payroll, or marketing

Key Insight

A merchant cash advance can provide fast access to capital, but it is usually one of the more expensive funding options. It should be used carefully for short-term business needs where the expected return or urgency justifies the cost.