MERCHANT CASH ADVANCE
LOANS FOR SMALL BUSINESS OWNERS
FROM $20,000 TO $5,000,000 WITHIN 3 DAYS
The most accessible funding option on the market | Quick pay-back structure | Funds deposited in hours
FundNow Capital
BUSINESS FUNDING Doesn't Have To Be Complicated
Loan Amounts
From $20,000 to $5,000,000
Loan Terms
3 – 18 Months
Time to Fund
1-2 Business Days
Factor Rate
Starting at 1.20
Put a Merchant Cash Advance To Work For You
Any business owner
That is in need of immediate capital can apply for a Merchant Cash Advance with FundNow Capital and receive the funds deposited into their account within three days following application approval.
We Help You
Transform your future credit or debit card sales into immediate working capital. Apply now and obtain a cash lump sum in return for a share of your upcoming credit and debit card sales.
Our Cash Advances
Are quick to obtain, convenient, and unsecured, which means you won't have to jeopardize any of your personal or business assets.
What is a Merchant Cash Advanace
A Merchant Cash Advance (MCA) offers a swift and simple solution for small and midsize business owners who may not have collateral or possess a low credit score that hinders them from qualifying for traditional bank loans. This option allows borrowers to receive an upfront cash sum, which is then repaid through a percentage of future credit and debit card sales processed via the business’s merchant account.
It’s important to note that an MCA is not technically a business loan; instead, it is a lump-sum payment from the lender in exchange for a portion of the business's future revenue. This type of cash advance serves as an excellent alternative for business owners facing low credit scores (FICO) since it is a short-term solution that does not require collateral. Additionally, if you require immediate working capital, the approval process is quicker than that of other loan options.
Same Day Prequalification
Why should you apply for a Merchant Cash Advance?
While a cash advance isn't classified as a traditional loan, a Merchant Cash Advance (MCA) is arguably the fastest and simplest way to acquire working capital for your business. When you receive a cash advance, the lender provides you with a lump sum of cash in exchange for a percentage of your forthcoming debit or credit card sales. The repayment process involves automatically deducting the agreed-upon amount daily or weekly from your business’s merchant account. Before the MCA lender deposits the funds into your account, they will present a detailed loan agreement outlining the advance amount, the total repayment amount, and the loan term. Unlike fixed-payment loans, the agreed-upon sum in a cash advance is automatically taken from the daily sales generated in your merchant account until the advance is fully repaid.
How To Apply for an MCA with FundNow Capital?
Once you submit the application form, we will determine if you qualify for the program and how much capital you can get. If your application is approved, we will transfer the funds to your bank account. You can Apply for a Merchant Cash Advance Online or over the phone.
Below is the detailed application process:
01
Apply Online
Fill the loan application form with basic details like your name, social security number, business tax identification number, business location, and any other essential information regarding your business. The application can be done online or you can also download our pdf version, fill it out and follow the instructions.
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02
Submit Documents
Provide 3-6 months of business bank statements. Submit the documents that will be used to assess your business’s financial health as well as your identity. Some of the documents include your government-issued ID, and a statement showing your business’s credit card transactions.
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03
Approval Process
After completing the loan request form and providing the initial necessary documentation, a loan specialist from FundNow Capital will notify you of the approval terms. Once you accept the terms we will send you the contract and finally, you will get funded. Getting approved for an MCA with us is easy.
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TAKE A LOOK AT SOME OF THE FEATURES
That Our Cash Advance Program Has For You
✔ Factor Rates From: 1.20
✔ Terms: 3-18 months
✔ Loan Amounts: $20K – $5M
✔ Time to Fund: 1-2 Business Days
✔ Time in Business: 1 Year
✔ Existing Advance: No Problem
✔ Tax Liens Acceptable: Yes
✔ Industries Funded: All
✔ Repayments: Daily or Weekly
✔ Collateral Required: No
✔ Restrictions on Uses: No
✔ Consolidation/Refinancing Options: Yes
Same Day Prequalification
