Bolster Your Business with a Convenient
Funding Program

Loan Amount

$5,000-200,000

Loan Term

Up to 2 years

Factor Rate

1.14 – 1.48

Interest Rate

As low as 18%

Funding Time

As fast as 48 hours

Security

Unsecured

Get Capital at Lightning Speed to Grow your Business

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.

MCA – What you need to know?

Qualifying for a Merchant Cash Advance

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:

Annual Revenue

$50,000+

Credit Score

500+

Time in Business

At least one year

Besides, you must have healthy, consistent cash flow.

What can you Use an MCA for?

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:

Looking to expand business operations

Dealing with seasons issues

Meeting payroll expenses

Looking to purchase new inventory or equipment

Needing temporary cash flow help

Paying other debts due

In need of cash to pay unexpected payments and unplanned expenses

Find the Lowest Rates on Merchant Cash Advance

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How Smansha can help you get the
Best MCA Rate?

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.

How to Receive Merchant Cash
Advance Funding?

1
Sign Up

Sign up with our secure and innovative lending platform to get started for a safe and worry-free funding.

2
Compare MCA Offers

Compare loan options from our partners of 40+ MCA lenders to find the perfect funding for your business.

3
Receive Your Funds

Get an advance lump sum amount based on your business’ financial health within 24 to 48 hours (on approval)

4
Make Payments

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.

Ready to know more about Merchant
Cash Advance?

Book a FREE Demo Today
  • Is Merchant Cash Advance a loan?
    • Technically, Merchant Cash Advance is not a loan; it’s an advance payment against your business’ future income. With Merchant Cash Advance, the lender provides a lump sum advance, which is then repaid automatically using a percentage of your daily credit card or debit card receipts, along with an additional fee. The lenders generally look at your credit card processing statements to examine if you can repay the borrowed amount through your day-to-day sales from the credit card.
  • What are the qualification requirements for a Merchant Cash Advance?
    • While there is no silver-bullet answer for getting qualified for an MCA, here are some general minimum requirements:
    • 1. Have been in the business for at least 1 year. Some lenders may go as less as 6 months minimum.
    • 2. Must have a minimum credit score of 500
    • 3. $50,000+ in annual revenue for your business
    • 4. Must have healthy, consistent cash flow
  • How does a Merchant Cash Advance work?
    • With a Merchant Cash Advance, an advance lump sum amount is given to the borrower which is based on their business’ financial health. The borrower agrees to pay the lender with a percentage of his/her daily credit card sales. This amount is calculated based on the amount funded plus fees called a factor.
  • What documents might you need to apply for a Merchant Cash Advance?
    • The following are some of the many common documents you need to apply for a Merchant Cash Advance:
    • 1. Business ID
    • 2. Driver’s License
    • 3. Credit Card Processing Statements
    • 4. Bank Statements
    • 5. Voided Business Check
    • 6. Credit Score
    • 7. Business Tax Returns
  • Can a startup get a Merchant Cash Advance?
    • As this loan is repaid based on your business’ daily sales, a Merchant Cash Advance might be one of the best financing options for a start-up that may not qualify for other types of business loans. If your new business has great daily sales, you could think of applying for a Merchant Cash Advance for your fast-capital needs.
  • How Much Does a Merchant Cash Advance Loan Cost a Business?
    • 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. Unlike an interest rate, the factor rate is expressed in decimal figures. Besides that, MCAs often include processing fees, set-up fees, and even payment fees that can as much as double the actual cost of the loan. You pay only when you draw funds, and regular interval of time, you simply put back part of the amount you drew, plus a flat fee.
  • Why you should consider getting Merchant Cash Advance for your small business?
    • As compared to traditional bank loans, MCA 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. Besides, payments with an MCA are much more flexible since payments are based on your credit card sales.
  • What can you use a Merchant Cash Advance for?
    • Whether you’re looking to purchase new inventory or expand business operations, needing temporary cash flow help, dealing with seasonal issues, meeting payroll expenses, paying the debt, opening a new location, or advertising, a Merchant Cash Advance can be used for a variety of business purposes.