Merchant Cash Advance

A predetermined percentage of sales are automatically withdrawn on a weekly or daily basis. If the business generates more revenue than estimated, the cash advance can be paid-off earlier than anticipated. An early payoff could result in a favorable term in form of a discount. However, if the business doesn’t perform as expected, it could take longer to pay-back the MCA. Even though merchant cash advance providers usually offer discounts for early payoffs, they don’t charge any extra fees or interest if sales are lower than expected and the pay-back period is extended.

Take a look at this example, a business earning $30,000 per month will receive up to 70% (this number fluctuates based on industry and it can be lower or higher) of the monthly revenues today and will pay it back through future sales. This how it looks in numbers: $30,000 x .70 = $21,000.
The pay-back period for a merchant cash advance is as short as 3 months to as long as 24 months.

As long as the funds are used lawfully to improve the business, there are no restrictions. Best usage of MCA’s is usually for operating, growing and advancing a business.

We work with merchant cash advance  providers and partners that cater to business owners with A+  to C and D credit ratings. If you’ve been in business for at least 6 months and have at least $7,000 per month in revenue, there is a good chance you will be approved for a merchant cash advance.

Most merchant cash advance (MCA) providers only require a soft credit check for approving MCA requests.

A soft credit check is a type of credit check that shows credit ratings, outstanding balances, score, and etc. without actually pulling a full credit report. Depending on the MCA amount, structure, credit ratings and other factors that impact the decision-making process, some financing providers may require a full credit check.

When a small business owner is experiencing cash-flow or cash-on-hand shortages, merchant cash advances can be an excellent choice. Unexpected business expenses, running a seasonal business, or even a sudden opportunity to expand and grow a business are a few examples of why a small business owner may require fast access to emergency cash.
In these times of need, emergency money for small business is available through a merchant cash advance to most small and mid-size business owners with excellent to bad credit (550+ fico).
Merchant cash advances have no usage restrictions. Thus, they are a great tool if your clients are slow-paying invoices and or inventory is consuming all your cash on hand. Click here to get started

Merchant cash advance is an alternative to small business loans designed to provide small and medium businesses quick access to financing. Merchant cash advances are revenue driven and not as credit sensitive as traditional business loans.  To process a merchant cash advance, the provider will require at least 3 months of business bank statements and a soft or hard credit check depending on the dollar amount, industry, business structure, and etc.

A merchant cash advance is paid back through withdrawals from your business bank account as a percentage of your daily, weekly or sometimes monthly revenue. Thus, the withdrawn amount will differ from month to month based on your sales and revenue during any given month.

Fast business loans are structured differently than MCAs. With a business loan, the merchant is required to make fixed monthly payments for a fixed period of time. At GetMoney.com, we understand being a small business owner is challenging. Thus, we work with a network of merchant cash advance providers and partners that cater to all credit types at competitive rates with excellent service.