A Merchant Cash Advance is a type of financing solution where businesses can receive a lump sum payment in exchange for a percentage of future credit card sales, or daily receivables. This alternative funding option allows businesses to acquire much-needed capital in a faster, easier manner.
MCAs typically involve quick approval and funding, they do not require collateral, and offer flexible repayment options based on the performance of a business. This is much different from traditional lending solutions, which can be overly complex and time-consuming.
Any business that processes credit card transactions and/or has constant daily receivables may apply for an MCA, though eligibility criteria may vary depending on each business.
Funders App processes all applications within a timely manner, and those approved receive immediate funding so they can focus on their financial goals.
It may be possible to get an MCA, even if you have existing debts. Funders App will consider your overall financial situation when making a decision.
