Merchant Cash Advance (MCA) is an easy and quick way in which small and midsize business owners that lack collateral or have a low credit score to qualify for a conventional bank loan can obtain an upfront sum of cash. The borrower will then repay with a percentage of future credit and debit card sales processed through the business’ merchant account.

In reality, an MCA is not a business loan–it is a lump-sum of money provided by the provider in exchange for a percentage of the business’ future revenues.

A Cash Advance is an excellent alternative for any business owner with a low credit score (FICO) because it is a short-term loan that requires no collateral. Also, if you need working capital instantly, the approval process is faster than any other loan.

As a business owner, I’m sure you recognize the importance of having money available in case it is needed. If you have to make urgent reparations or buy new equipment that will make your job easier and increase your revenue, then you’re going to need some capital to cover those expenses. If you have the money, excellent, but, what if you don’t?

The first thing that comes to mind would be getting funding from the bank. However, banks are denying funding to business owners in record numbers, leaving them frustrated and with no options.

Securing financing for your company should not be hard, especially if you are facing problems that could threaten your business.

Luckily, alternative lending institutions like Cheetah Capital source funding programs made for business owners that could use some extra funds to enhance the performance of their business.

While a cash advance is not technically a loan, an MCA is perhaps the quickest and easiest way to obtain working capital for your business.

When you get a cash advance, the provider will give you a lump sum of cash in exchange for a percentage of your future debit or credit card sales. Then, it can be repaid by automatically debiting the agreed amount daily or weekly from your business’ merchant account.

Before the MCA provider transfers the funds into your account, he or she will provide a detailed agreement form showing the advance amount, the amount you are expected to pay back, and the term.

Opposed to fixed payments loans, in a cash advance the agreed amount is automatically deducted from the daily sales generated on your merchant account until the advance is paid off.

Once you submit the application form, we will determine if you qualify for the program and discover how much capital you can get. If your application is approved, we will source it and our providers will transfer the funds to your bank account. You can Apply for a Merchant Cash Advance Online or do it in our Office in Boston.

Fill the 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.

Provide 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.

After completing the funding request form and providing the initial necessary documentation, a specialist from Cheetah Capital will notify you of the approval terms. Once you accept the terms with our providers we will send you the contract and finally, you will get funded. Getting approved for an MCA with us is easy.