About Merchant Cash Advance

Merchant cash advances can be quick, easy ways to get a business cash advance with no need for collateral—even if you don’t have a great credit score.

What is a Merchant Cash Advance?



With a merchant cash advance, a financing company advances you capital in exchange for a percentage of your daily credit card sales, plus a fee. Merchant cash advances can be quick, easy ways to get a business cash advance with no need for collateral—even if you don’t have a great credit score.

Maximum Loan Amount

$2.5K - $250K

Loan Term

Daily repayments  

interest rates

1.14 - 1.49

speed

As little as 2 days

Who Qualifies for Merchant Cash Advances?

Would your business be eligible for a merchant cash advance?

If you have little or no collateral, limited business history, or a low credit rating, merchant cash advances could be a solution to your financing problems.

Merchant cash advance providers tend to have easy eligibility standards, so most small businesses shouldn’t have a problem qualifying.

Plus...

For businesses that make a big portion of their revenue through credit card payments—if you own a restaurant or a retail store, for example—then you can use a merchant cash advance as a short-term financing tool. It can help with working capital, inventory purchases, debt payments, unexpected payments, and more.

Most customers who were approved had:

**Based on past Fellowwanderers Financial Solutions customers.

Annual Revenue

Over $60K

Credit Score

500

Time in Business

Over 3 months

How To Apply

Applying to a merchant cash advance is a fast and easy process. Because merchant cash advances are paid back with your daily credit card sales, MCA companies will look at your credit card processing statements to make sure you have enough volume coming into the business. Some merchant cash advance companies will ask for your credit score and bank statements, too.

Merchant cash advance applications are almost always online, and applications can be approved the same day you apply. Remember: fast cash is expensive cash, and an MCA is no exception. A merchant cash advance application is fast and easy, but MCAs come with the highest cost of capital on the market.


   Documents you need:

Driver's License

Voided Business Check

Bank Statements

Credit Card Processing Statements

Business License

How Does a Merchant Cash Advance Work?



Every business could use some extra capital. But applying for loans takes time and energy that you might not have.

Plus, even after you send out an application, there’s a chance you don’t even qualify.

At Fundera, we pride ourselves on having a marketplace that can help out all different sorts of business owners. If you don’t have the time to wait for a typical loan or wouldn’t qualify, a merchant cash advance might be for you.

Easy approval process

Our loan rates and charges are very attractive 

Suitable for a wide range of business purposes

Our loan rates and charges are very attractive

Quick access to funds

For funding medical expenses, hospitalization, surgery, No collateral required.

Bad credit is accepted

All charges are communicated up front in writing along with the loan quotation

Merchant Cash Advance: The Fundamentals
Merchant Cash Advances & Factor Rates
How Long Will It Take To Pay Off a Merchant Cash Advance?
Is a Merchant Cash Advance Is Worth It?

What Will a Merchant Cash Advance Cost?



We’ve said it over and over: A merchant cash advance can be very expensive. And based on the structure, taking on an MCA can really take a chunk out of your cash flow.

But let’s look at how you can calculate the actual cost of a merchant cash advance.

A Cost Example of Merchant Cash Advances
When is the Cost Worth It?

FREQUENTLY ASKED QUESTIONS



If you have a question we are here to help!

Can I pay off my loan early?
Where are you located?

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Now apply for a Merchant Cash Advance
 online, All you need to do is provide your details below application form.

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