merchant cash advance

The 411 On a Merchant Cash Advance

The 411 On Our Merchant Cash Advance

You’ve heard the term “Merchant Cash Advance” so many times, but what does it mean? How does merchant cash advance = small business financing? For years small businesses were accustomed to showing up at their local community bank, filling out some paperwork and usually weeks or even months later walking away with a loan.

But…it isn’t that simple, anymore. But…it’s kind of a good thing. You see, nowadays, with all the technology we have available, getting financing for your business has never been easier. It’s so easy that you don’t even have to leave your house (or your couch, for that matter). There’s no more lengthy paperwork, no long waiting times and no more of the other ambiguities associated with the “Old Days.” And this brings us to…

The Merchant Cash Advance…what is it? How does it work? What can it be used for? How can I get one? Easy, young Padawn.

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What is a Merchant Cash Advance?

A merchant cash advance is, in essence, an advance on your future credit and debit card receivables. We purchase your expected future credit and debit card sales to be able to provide you with working capital so you can put your business plans into action.

To put it in caveman terms: You business owner. Me Capify. You accept credit cards. Me give you money based on credit card sales. Yabba dabba doo.

What’s the repayment like?

Good question. Instead of fixed daily payments, the repayment for an MCA is completely flexible and works alongside your natural cash flow. During the length of your payback period, a small percentage of your daily credit/debit card sales is withheld until the advance is paid in full. This allows businesses the flexibility to make lower payments during periods when cash flow slows down.

What Can It Be Used For?

Drum roll please…

…ANYTHING related to your business!

Want to refurbish the interior of your business? Go for it. Hire new employees? Not a problem. Fix that thing that’s been-kind-of-broken-but-not-quite-and-it’s-bugging-you? Yep. Or, do you simply want to just increase your cash flow so you have an outlet in case anything unexpected happens? Because you can use the money towards that, too. As well as anything else.

How Can I Apply For One?

This might even be the easiest thing about a Merchant Cash Advance: Applying. We have an online application (very advanced, we know) that takes only a few minutes to fill out and once you’re done, you can get an approval in just 60 seconds. That’s it.