Merchant Cash Advance
Merchant Cash Advance Funding to Grow Your Small Business
Small Business Funding
We Specialize in merchant cash advance
financing with flexible terms to suit any business.
Get Pre Approved in Minutes!
No Personal Guarantee &
No Collateral Required*
Get Funded Within
a few days
Simple & Easy
No Personal Guarantee &
No Collateral Required*
Within 24 hours of
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What is a Merchant Cash Advance?
A merchant cash advance is an option to get cash immediately for your business, in exchange for funds deducted directly from your credit/debit card payments in the future. A MCAe provider gives you an upfront sum of cash in exchange for a slice of your future sales. Instead of making one fixed payment every month from a bank account over a set repayment period, with a merchant cash advance you make daily or weekly payments, until the advance is paid in full. It’s not as difficult as other funding to quality for an MCA, so business owners with little collateral, history in business, or a low credit score may benefit from this option.
$10K – $5M
3 Monts – 10 Years
Starting at 9%
1-3 Business days
- Get access to funds quickly
- Approval process is easy
- Less than perfect credit accepted
- Use for a variety of business purposes
ARE YOU LOOKING FOR A MERCHANT CASH ADVANCE?
Speak to one of our qualified and seasoned Small Business Funding Managers to better understand what funding options and approvals we have for your small business.
Compared to other funding types
|FUNDING TYPES||MAX AMOUNTS||RATES||SPEED|
|Merchant Cash Advance||$7.5k – $1m||Starting at 1.09||1-2 business days|
|SBA Funding||$50k-$10m||Starting at 5%||3-5 weeks|
|Business Term Funding||$10k to $5m||Starting at 5%||1-3 business days|
|Business Line of Credit||$10k to $250k||Starting at 8%||1-3 business days|
|Receivables/Invoice Factoring||$50k-$10m||Starting at 5.8%||1-2 weeks|
|Equipment Financing||Up to $5m per piece||Starting at 5%||3-10 business days|
|Revenue Based Business Funding||$10K – $5m||Starting at 9%||1-3 business days|
First Down Funding Can Help You Secure a Merchant Account Funding
Ready to start a partnership? Then talk to us about a merchant cash advance today. Please feel free to give us a call or shoot us an email. Otherwise, you can start your online application today. We look forward to working with you!
Who Qualifies for Merchant Cash Advances
To apply for a merchant cash advance, you’ll need a successful application and three months’ worth of official sales documents. For a merchant cash advance, you’ll also need to prove that you have steady credit and debit card sales.
HOW TO APPLY
How to Apply for a Merchant Cash Advance
Your merchant cash advance application will look just like any other UCS business funding application. If you take the following steps in order, you’ll have a smooth and easy process.
Consider Your Needs
How much funding do you need? How do you plan to use that funding? When you think about these questions ahead of time, you’ll have more clarity throughout the rest of the application process, which will make the whole thing easier and save you a lot of time.
Gather Your Documents
When you have your documents ready to go, you’ll speed through the application process. It always helps to know what you need ahead of schedule. At First Down Funding, we don’t require nearly as much paperwork as the banks require. The following documents are all that we’ll ask for during your application:
- Driver’s license
- Voided business check
- Bank statements
- Credit card processing statements
- First Down Funding 1 Page Application
Submit Your Application
Now, all that’s left is for you to submit your application. Start your application online or give us a call for a free consultation. We’ll get in touch with you to discuss your business funding options and possible terms, and then you finalize your application. After that, you’ll hear back from us within 24 hours to let you know about your approval status. From there, you could receive your funding within a few business days.
HOW IT WORKS
How Does a Merchant Account Cash Advance Work?
We gave a bit of an overview already, but let’s take a closer look at how a merchant cash advance works. Just like with a regular business funding, you pay it back over time. However, with a merchant cash advance, the funds for your payments will always come from your credit and debit card sales. These funds are deducted automatically by your merchant services provider, so you don’t have to worry about the payments.
What Do Merchant Cash Advances Cost?
The other difference between a term business funding as a merchant cash advance is that a term funding comes with interest. A merchant cash advance comes with a factor rate and a retrieval rate. The factor rate is the percentage on top of the advance that you’ll have to pay back. Ultimately, your business financing will cost the original amount multiplied by your factor rate. The retrieval rate is the percentage that goes back to the fund er until you pay off the entire merchant advance.
For example, let’s say that you have a $50,000 merchant cash advance.
If you have a factor rate of 1.15%, then your ultimate cost is $57,500. That is, this is the amount that you will pay your fund
er once you’ve paid off your entire merchant cash advance.
$50,000 x 1.15 = $57,500.
Your retrieval rate is the percentage of your credit and debit card sales that your fund
er will receive until you’ve paid off the full amount. Let’s say, for example, that you make $2,000 in credit card sales on a given day. If your retrieval rate is 10%, then your fund
er will receive $200 that day.
$2,000 x 0.10 = $200.
Once you know your merchant cash advance amount, your factor rate, and your retrieval rate, then you can easily calculate your costs.
Most customers who were approved had
**Based on past customers
Time in Business
Over 2 years
How to Apply for Merchant Cash Advances
with First Down Funding
ARE YOU LOOKING FOR SMALL BUSINESS FUNDING?
Contact First Down Funding for all funding options.