Business Cash Advance

What is a merchant cash advance?

Businesses that wants quick capital can sell a part of its future credit card transactions to a merchant cash advance provider (MCA). Repayments are made by automatically removing a portion of the company’s daily credit card transactions, as opposed to having a defined repayment schedule with fixed payments. As long as the repayment plan is in line with the company’s sales volume, this can offer flexibility. However, it’s crucial to remember that MCAs frequently have higher charges than conventional loans.

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Requirements for a merchant cash advance

Enterprises must fulfill specified requirements in order to be eligible for an SBA loan, such as being categorized as small enterprises, operating for a predetermined amount of time, proving profitability, and having a solid credit history.

Annual Revenue

$100,000

Credit Score

400+

Time in Business

5 month minimum

What Documents Are Needed To Apply?

  • Drivers License

  • Voided Business Check

  • Bank Statements 

  • Balance Sheet

  • Profit and Loss Statements

  • Business Tax Return

  • Personal Tax Return

  • Business Plan

  • Business Debt Schedule

Complete The Application

Get loan options from multiple lenders

Talk to a business loans specialist at:  (916) 719-8433

Apply for a MCA in as little as 5 minutes.

1. Complete your application

In order to match you with the lender that offers the best rates and conditions for your needs, provide a few details about your business and personal loan preferences.

2. Speak to our underwriter

Meet your personal underwriter here to make sure we have all the paperwork and data required to provide you with the best alternatives for your company as quickly as possible.

3. Review your loan options

Examine the various loan alternatives accessible to your company and select the one that best suits your needs right now.

4. Receive funds

In less than 24hrs, when you determine what works best, we’ll deposit the funds into your account.

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Benefits of an MCA

  • Quick Capital Access: MCAs are a helpful tool for handling pressing financial demands since they offer quick money, frequently in a matter of days.
  • Flexible Repayment system: The repayment amount varies according to your daily credit card sales, allowing the repayments to be in line with the cash flow of your company.
  • Non Collateral Requirement: MCAs don’t require tangible security like regular loans do, they are an option for companies without assets to pledge.
  • Flexibility With Credit Score: MCAs are an alternative for firms with less-than-perfect credit because approval for them frequently depends more on your company’s sales history than on your credit score.
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Why Use Assetcc for your SBA Loan?

$100M Funded to Small Businesses Throughout the US​

75+ Lenders in our marketplace

5000+ Loans Funded over 9 years