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Merchant Cash Advance Industries:
- Auto Repair Shops
- Convenience Stores
- Medical and Dental Services
- HVAC and Plumbing
- Electronics Repair
- Transportation Industry (5+ Trucks)
- UPS Stores
- Retail Storefronts
- Restaurants and Bars
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How You Qualify
With a reliable merchant cash advance, we are mostly interested in the cash-flow of your business, and not its credit score. The first thing we’ll need is four months of credit card statements with an average of at least $10,000 a month in credit card volume. Additionally, for two months, you will need to have been in business at the same location, under the same owners, and have accepted credit cards during that time.
Neither application nor approval requires you to change your credit card processing company, so you can save yourself time and stress. We make sure the process is simple and straightforward, and that your borrowing limit is contingent on a maximum amount that does not exceed 9% of your gross business income. This ensures the loan makes sense for your organization and that you don’t accumulate a mountain of debt. Contact us about MCA today to get started.
Merchant Cash Advance Consolidation
Clients can refinance their existing merchant cash advances into lower monthly payments. Include a current business debt schedule showing the details on existing balances.
Minimum Requirements:
- 2 years in business
- $50,000 to $50,000,000 in outstanding merchant cash advance debt
- $30,000 in monthly revenue
Terms:
- 12 month terms
- Monthly payments
- Annual rate of 25%
