Up to 2 years
1.14 – 1.48
As low as 18%
As fast as 48 hours
As compared to traditional bank loans, Merchant Cash Advance Loans is an easy and quick way to get funding for your small business. Moreover, a fast approval process with no collateral requirement that will better suit most small businesses – even you don’t need to have perfect credit. Because of its quick application and approval process and easy credit requirements, MCA is a convenient funding program for small business owners for growing their business and sustaining cash flow temporarily.
Your eligibility for Merchant Cash Advance Financing varies lender to lender. One lender might require you to maintain at least $2,000, while another might require $5,000 in your monthly credit card transactions. While there is no silver-bullet answer for getting qualified for an MCA, here are some general minimum requirements:
At least one year
Besides, you must have healthy, consistent cash flow.
Whether you are only seeking loans on a short-term basis or want to balance cash flow in a seasonal business, you can use an MCA for a variety of small business purposes. A Merchant Cash Advance is a great funding option if you are:
Merchant Cash Advances often come with factor rates instead of interest rates which usually range from 1.14 to 1.48: a factor rate is a percentage that shows how much extra you owe on a loan. As borrowing too much can increase borrowing and repayment cost, it’s always a great idea to determine how much capital you need.
Smansha will help you match your business with a wide range of Merchant Cash Advance lenders. Our innovative lending platform will help you compare interest rates, terms, and payments for a variety of MCA loan options, so you can choose the one that fits your needs and budget.
Sign up with our secure and innovative lending platform to get started for a safe and worry-free funding.
Compare loan options from our partners of 40+ MCA lenders to find the perfect funding for your business.
Get an advance lump sum amount based on your business’ financial health within 24 to 48 hours (on approval)
A fixed payment is automatically debited from your business bank account. The repayment period typically ranges from 3 to 12 months; the higher your credit card sales, the faster you’ll repay the amount.