Merchant Cash Advance
A Merchant Cash Advance (MCA), also known as a business cash advance, is financing based on your business´ future credit card receivables. This type of business financing is repaid on a daily basis as a percentage of your merchant credit card sales. Therefore, if your sales are high, your advance is paid off faster and if sales are lower, your payment is lower.
Normally this type of business financing is short-term, from 9 to 18 months duration. Some examples of business use include:
- Equipment financing and inventory stocking
- Location remodeling and expansion
- Hiring new employees and training
- Advertisement and marketing campaigns
- Debt consolidation and seasonal cash flow changes
Benefits of Our Merchant Cash Advance
Flexible Repayments – Repayments are based on a percentage of daily credit card sales, so we only make money when you make money.
A Simple Process – Apply online in minutes, get approved in a few hours and access funds in as fast as one day!
Financing Now – Get up to 250% of your monthly credit card sales volume in one lump sum to take care of the things you need for your business.
Flexibility – This allows businesses with fluctuating or seasonal sales the capital to take advantage of new products or marketing opportunities.
Before You Apply Ask Yourself
What – is your business going to fund (goal) with the financing money?
How Much – does your business need to accomplish that goal?
Does Seasonality – affect your business revenue volume?
What Percentage – of your business revenue are credit card sales?
How Long – will your business need to take to pay the financing back?
Merchant Cash Advance Requirements
Starter Merchant Cash Advance – Businesses with as few as 6 months of credit card sales volume are able to apply. You may be qualified for up to 50% of your monthly average credit card sales volume in funding. After you’re paid off, you may qualify for more capital on better terms.
Regular Merchant Cash Advance – For most businesses, you just need to have been in business for at least 1 year and make at least $5,000 a month in revenue.
Premium Merchant Cash Advance – If you’ve been in business for longer than 2 years, we’ll offer you lower cost options.
Merchant Cash Advance Documents Required – Quotation
One page application completed.
Last current statement from business bank account.
Last three statements from merchant credit card account.
Previous and current year business financial records, if greater than $100K.
Merchant Cash Advance Documents Required – Funding
Business proof of ownership documents.
Voided check from business operating account.
Driver’s license of business owner.
Landlord information or recent mortgage statement, if property owner.
Why Choose Nexus Financial Services?
Whether your business needs new equipment, additional inventory, more personnel, room to expand or an acquisition opportunity you don’t want to miss, we can help you obtain the financing your business needs to make it happen. Our small business merchant cash advance is designed to help you start your business, manage the challenges as you build your business, or support you through the seasonal slow times of your industry.
At Nexus Financial Services, we provide a variety of financial options for small businesses. We are there for you when you need to make fast investments to take advantage of available business opportunities. Our small business merchant cash advance can be approved within a couple of days versus the weeks or months of a traditional lending institution. Because we have the experience and understanding of small business needs, we also offer some of the best small business merchant cash advance and financing solutions available that result in the success of our clients.