What is Merchant Cash Advance?
A dealer loan is an elective sort of business supporting that progresses a singular amount installment in light of future credit or check card deals. You’re basically ensuring the development with future income. This sort of supporting is regularly for organizations that help income through Mastercard deals.
Yet, the development isn’t in fact a business advance, and MCAs don’t report your installment history to the credit departments. So you won’t assemble credit through this funding. Qualification rules for MCAs are free, making it simple for organizations with awful credit to get endorsed.
Introduction to Merchant Cash Advance (MCA)
●What is an MCA?
A Merchant Cash Advance (MCA) isn’t a traditional credit; rather, it’s an advance based on a business’s card revenue. It provides a fast, flexible financing solution for businesses that need quick access to capital.
● How does it work?
Weadvance a lump sum of cash to a business in exchange for a percentage of its card processing turnover. Repayments are made daily or weekly from a percentage of card sales until the advance is paid off
Why Sell Merchant Cash Advance?
● HighDemand
Many small and mid-sized businesses lack access to traditional bank loans due to credit score requirements, slow approval times, or insufficient collateral.
● FastCommissions
Brokers and salespeople earn commissions quickly, often within days of the MCA being funded.
● RepeatBusiness
Businesses often return for more funding as they grow or need additional capital, leading to recurring revenue. On average this is up to 3x per
merchant.
Benefits of MCA
- Quick Funding: Businesses can receive funds within 24–72 hours after approval.
- NoCollateral Required: Unlike traditional loans, MCAs don’t require physical assets
as security. - Flexible Repayment: Payments fluctuate with the business’s revenue, meaning
businesses pay more when sales are high and less when sales are slow. - Lenient Approval Process: MCAs primarily focus on a business’s revenue, not its
credit score. - Easy Application: Less paperwork and faster approvals compared to bank loans. No
business plans required.
Who is a GoodFit for MCA?
● Retail and Hospitality:
Restaurants, cafes, and retailers with strong, consistent sales, especially if they rely on credit card payments.
