A merchant cash advance (MCA) enables companies to quickly obtain operating capital based on upcoming credit card or other receivables in order to meet their demands. An alternate method of financing, this one allows companies to access a big sum of money up front in exchange for a percentage of future revenue receivables at a reduced rate. As a result, the payment schedule can be adjusted to the pace of business sales.
MCA general eligibility
What can a small business use funds on?
There are several common ineligible uses of proceeds for this program:
Restricted industries:
We perform a soft credit check, which won't have an impact on your credit score. However, in order to process your loan application, the lenders with whom we partner will ask for a copy of your complete credit report from one or more consumer reporting agencies. This is known as a "hard credit pull," and it takes place after your application has been matched with a lender who is likely to fund your loan and is in the funding stage.
Your request has been submitted.
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