- AI Match
Merchant Cash Advance
Capital solutions for starting, growing, or expanding your business with flexible terms and competitive rates.
From
0
%
Starting APR
- Competitive rates
$
0
Max Amount
- Funding available
24 -
hours
Processing
- Fast approval
+
Top Lenders
- Trusted partners
- Common Use Cases
- Managing cash flow gaps
- Business expansion or opening new locations
- Purchasing inventory
- Covering payroll during slow periods
- Emergency repairs or maintenance
- Marketing campaigns or promotions
- Upgrading equipment or technology
- Paying unexpected expenses or bills
- What You Should Know
- MCAs are advances on future sales, not traditional loans.
- Repayment is automatic and often daily or weekly, deducted from sales or your bank account.
- Factor rates can be high, making MCAs an expensive form of financing.
- No collateral is typically required, though personal guarantees may be requested.
- Approval and funding can happen quickly, often within 24–48 hours.
- The MCA industry is less regulated than traditional lending, so terms and transparency can vary.
- Eligibility Requirements
Basic requirements to qualify for business loans
- At least 1 year in business
- Monthly revenue over $15,000
- Consistent credit/debit card sales history
- Minimum owner credit score of 550
- Registered business entity
- Active business bank account
- Required Documents
Documents you’ll need to prepare for your application
- Business credit card processing statements (typically last 3–6 months)
- Personal and business bank statements (last 6 months)
- Proof of annual gross sales
- Business tax returns
- Articles of incorporation or business registration
- Proof of agreement with a credit card processor
- The Business Loans Application Process
Basic requirements to qualify for business loans
- Pre-Qualification
Complete a pre-qualification form to see potential rates and terms without affecting your credit score. This gives you an estimate of what you might qualify for.
- Application Submission
Submit your formal application with all required documentation. This includes personal information, employment details, financial information, and required documents.
- Credit Check & Underwriting
The lender performs a credit check and reviews your application. They analyze your credit history, debt-to-income ratio, and other financial factors to determine eligibility.
- Loan Approval & Terms
If approved, you’ll receive your official loan offer with terms, rates, and conditions. Review these carefully before accepting.
- Signing & Funding
Sign your loan agreement electronically or in person. Once completed, your funds will be disbursed according to the lender’s process, typically within 7-30 days.
- Advantages
- Fast approval and funding, sometimes within 24 hours
- High approval rates
- No collateral required
- Flexible repayments based on sales volume
- Minimal credit score requirements
- Can be used for a wide range of business needs
- Considerations
- High cost due to steep factor rates
- Reduces cash flow with daily or weekly repayments
- Short repayment terms may not suit long-term needs
- Can lead to a cycle of debt if repeatedly used
- Limited regulation and transparency
- Repayment is required regardless of business performance
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