Your Business Growth with Merchant Cash Advance
Unlock the potential for a thriving future with our merchant cash advance solution. Gain swift access to essential working capital, fueling your business expansion effortlessly.
What is Merchant Cash Advance (MCA)?
A merchant cash advance (MCA) offers businesses quick access to working capital based on future credit card sales. It's an alternative financing option where a lump sum is advanced in exchange for a portion of future revenue. Despite not being a traditional loan, MCAs are ideal for businesses reliant on credit card transactions.
To qualify for an MCA, businesses must meet specific requirements, including the acceptance of credit card payments or having other forms of receivables.
At Xphyre Financials, our MCA application process is fast and simple. Businesses can apply online through our application within minutes, with funding ranging from $5,000 to $10,00,000. MCAs provide flexibility in repayment, tailored to match sales cycles, making them a convenient solution for immediate financial needs.
What type of Businesses qualify for this type of funding?
Tailored Payment Solutions
Enjoy the convenience of automatic payments, tailored to a percentage of your business's credit card sales or other revenue streams.
Dynamic Payment Schedule
With payments linked to your business's receivables, there's no fixed completion date, providing flexibility to manage your cash flow.
Transparent Pricing Structure
Benefit from discounted purchase of your receivables, with any applicable fees clearly outlined and deducted from the advance amount.
Businesses that process credit card payments and require rapid access to capital are prime candidates. Merchant cash advances offer a streamlined application process and provide businesses with flexible access to necessary working capital at a swift pace. This flexibility stems from variable payments tied to future revenue receivables.
If your business experiences high credit card sales, maintains substantial receivables, or operates seasonally, a merchant cash advance could prove highly beneficial.
****The estimated completion date is determined by projecting how long it will take for the business to fulfill its receivables (which varies based on business performance). These projected completion dates typically span from 3 to 18 months, serving as an approximation.
Grow Your Business with a Merchant Cash Advance
Applying is simple—just four key requirements stand between you and fast growth.
Valid form of Identification
Business bank account number & routing
Last three months of business bank statements
Last three months of credit card processing statements
Application Process
Click the Apply now button to fill out an application. The application takes just a few minutes and can be completed on mobile, tablet, or computer. We recommend having the necessary paperwork on-hand to make the process even faster.
Our team will carefully review your business financing application. One of our trusted business advisors will reach out if we need any additional information.
If approved, our team will send your funds to the business bank account provided. This takes a matter of minutes, so be on the lookout!
Merchant Cash Advance FAQs
A merchant cash advance works by granting businesses access to working capital in return for a portion of their future credit card or other receivables at a discounted price. Small businesses can apply online and, if approved, we’ll send the funds to the business bank account provided.
A small business that wants to apply for a merchant cash advance must have accounts receivable such as credit/debit card sales and invoices. After they apply, the alternative funder will need to review credit card processing statements, business bank account statements, invoices, and other important documents.
While many small business funding companies use personal or business credit as a factor when looking at your financing application, it’s not the only determining factor as to whether an application is approved or not. Most alternative small business funders take into consideration the overall performance of your business by looking at business revenue, time in business, accounts receivable, and business credit history.
Merchant cash advances allow access to quick working capital with flexible payment options that tend to be more flexible than traditional small business loans.
With upfront access to working capital, businesses can more quickly fund their needs. By basing payments on a portion of future receivables, it allows for a more flexible payments. Cash advances are ideal for businesses that are seasonal or have high credit card sales/lots of receivables.
Yes. A merchant cash advance is the same as a business cash advance, just with different terminology.
A merchant cash advance is a purchase and sales transaction where a financing company purchases a portion of a business’s future revenue stream at a discount in exchange for an upfront sum of working capital.
A small business loan is when a financing company lends money to a borrower and the borrower must repay the small business loan with fixed payments.
Merchant Cash Advance with Xphyre Financials
At Xphyre Financials, we’re dedicated to unlocking big potential for your small business. Consider us part of your team, helping your business grow with flexible financing solutions tailored to your business’ unique needs.
- Trusted by over 30 thousand small businesses
- Innovative funding technology that allows you to apply on any mobile, tablet, or computer device
- Team of actual business advisors who provide fast, simple, and trusted funding information
- A streamlined process for additional funding needs