Merchant Cash Advance
A merchant cash advance is a lump sum of capital that you repay by using a small percentage of your daily credit card or checking account transactions. It is not considered a loan because you are selling your future receivables at a discount over a term of 6-24 months.
How Do I Qualify?
- 5+ months time in business
- Active business banks account
- $12,000+ in monthly business bank deposits
Documentation Needed:
- Most Recent 4 Months of Business Bank Statements
- Completed Loan Application
Business Funding That Moves at Your Speed
Step 1
Complete the application.
Our streamlined process is designed to be completed in just minutes.
Step 2
Get a decision.
Work with an expert loan advisor to choose the best option for you.
Step 3
Receive your funds.
Sign your contract and get funds as soon as the same day.
How Much Will This Cost?
A merchant cash advance is based off what is called a factor rate. Ranging from 1.15 to 1.49. You would calculate the total cost by multiplying the amount you are borrowing by the factor rate. For example, a cash advance of $10,000 x 1.20 = $12,000.
How Long Will It Take to Pay off?
The term length of an MCA typically ranges from three to thirty-six months, with repayment schedules offered on a daily, weekly, or monthly basis. Lenders provide shorter terms because they can fund quickly and do not require collateral.
You can obtain quick and efficient financing through a Merchant Cash Advance, often within as little as 24 hours. You won’t need to provide collateral, and you can use the funds however you choose. Although the cost is higher than traditional term loans, an MCA offers rapid access to capital with minimal documentation, no collateral requirements, and unrestricted use of funds.
Why Choose a Merchant Cash Advance?
A Merchant Cash Advance (MCA) delivers fast and efficient financing, often within 24 hours. You don’t need to provide collateral, and you can use the funds however you choose. Although an MCA may cost more than traditional loans, it offers the benefits of swift funding, minimal documentation, and flexible usage.
Contact Us
If you have any questions about Laser Capital Business Financing feel free to contact us. Our expert funding managers are available to help you out.