A merchant cash advance works by granting businesses access to working capital in return for a portion of their future credit card or other receivables at a discounted price. Small businesses can apply online and, if approved, we’ll send the funds to the business bank account provided.

Want more information? Check out our blog on how to get a small business loan for more in-depth answers.

A small business that wants to apply for a merchant cash advance must have accounts receivable such as credit/debit card sales and invoices. After they apply, the alternative funder will need to review credit card processing statements, business bank account statements, invoices, and other important documents.

While many small business funding companies use personal or business credit as a factor when looking at your financing application, it’s not the only determining factor as to whether an application is approved or not. Most alternative small business funders take into consideration the overall performance of your business by looking at business revenue, time in business, accounts receivable, and business credit history.

Merchant cash advances allow access to quick working capital with flexible payment options that tend to be more flexible than traditional small business loans.

With upfront access to working capital, businesses can more quickly fund their needs. By basing payments on a portion of future receivables, it allows for a more flexible payments. Cash advances are ideal for businesses that are seasonal or have high credit card sales/lots of receivables.

There are lots of factors to take into consideration when determining loan terms. The best thing to do is communicate your business needs with our team to find the best solution for your business.

Yes. A merchant cash advance is the same as a business cash advance, just with different terminology.

A merchant cash advance is a purchase and sales transaction where a financing company purchases a portion of a business’s future revenue stream at a discount in exchange for an upfront sum of working capital.

A small business loan is when a financing company lends money to a borrower and the borrower must repay the small business loan with fixed payments.