What is a merchant cash advance?

A merchant cash advance enables you to borrow against future earnings so you can get access to funds much quicker than with a traditional loan. The amounts usually range from $5,000-200,000, with terms up to two years. And here’s the kicker: you can get the funds in as little as 24 hours. That’s right, a merchant cash advance delivers money faster than a FedEx truck on the Autobahn.

There are lots of occasions where this kind of rapid financing could come in handy. For example, you might have a crucial piece of equipment bite the dust. Or maybe there’s a new business opportunity that is simply too lucrative to pass up. Whatever the purpose, once you get the funds, you’ll begin repaying the loan by having a percentage of your credit card deposits withheld each day.

Luckily, it doesn’t take a mountain of paperwork to get a merchant cash advance. Lenders will simply want to see your past 4-6 months of bank statements and receivables, so make sure you have those available. But you typically won’t need to provide any collateral or get into the nitty-gritty of your financial history.

If you think a merchant cash advance could be good for your business, take the time to figure out how much capital you’ll need. Then you can set the ball in motion by completing our lightning-fast online application. You’ll be connected with loan options from more than 75 lenders, and our experts can help you choose an option that's tailor-made for your business.