Working Capital (MCAs)
Merchant Cash Advances provide fast access to working capital by purchasing a portion of future receivables. MCAs are the fastest form of business funding, often delivering capital within 24-48 hours with minimal documentation. Ideal for businesses with strong card sales that need immediate liquidity.
What You Need to Know
Merchant cash advances (MCAs) are designed for business owners who need capital fast and can't afford to wait weeks for traditional bank approvals. Typical funding amounts range from $5,000 to $500,000, with approval based primarily on your monthly revenue, usually a minimum of $10,000/month. Credit scores as low as 500 are accepted by many providers, making MCAs one of the most accessible funding options available. The application process is simple: most providers require just 3-6 months of bank statements and a valid business license. Approval can happen within hours, with funds deposited in your account within 24-48 hours. Repayment works differently from traditional loans, instead of fixed monthly payments, a small percentage of your daily or weekly credit card sales is automatically withheld until the advance is repaid. This means payments flex with your revenue: you pay more when business is strong and less during slow periods. The cost is expressed as a factor rate (typically 1.1 to 1.5) rather than APR, meaning you'll repay $1.10 to $1.50 for every dollar advanced. While this makes MCAs more expensive than traditional loans, the speed, flexibility, and minimal requirements make them the go-to funding solution for businesses that need cash flow relief now.