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How much of daily Visa & Master Card sales will be deducted to repay MCA?

The percentage of reserve varies depending on the business revenue and results of underwriting.

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How to make repayment on MCA?

A reserve of certain percentage of daily Visa and Master Card sales kept aside for repayment.

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How much can be expected to receive in MCA?

We make cash advances from $3,000 to $500,000. Depending on your Visa and MasterCard sales, you could receive up to 100% of your processing volume.

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How long does the process take?

From pre-approval to set-up for funding will take 3 to 5 business days.

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What information used to qualify for MCA?

We look at the average monthly Visa and MasterCard processing sales over a selected period, along with a credit report review, longevity of the business and if there are any other liens on the business.

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Are there any fees for applying or to set-up Merchant Cash Advance facility?

Nothing. There are absolutely no application or set-up fees, closing costs or hidden cost.

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What is Merchant Cash Advance (MCA)

A Merchant Cash Advance is not funding but a purchase of future credit card receivables, better known as receivable factoring.

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What is the interest rate for Term Funding?

No interest charged on Term Funding. A flat fee is added to the funding amount.

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Can I apply for Term Funding more than once?

Yes, you can apply for Term Funding more than once, after the initial funding is paid in full.Also, additional funding can be requested while the current one is in operation.

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Can I pay-off early the Term Funding?

Yes, the Term Funding is open and can pay-off without penalty at any time.

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