Frequently Asked Questions

Types of Merchant Cash Adances

There are various types of MCA's. One is based on your future credit card/ and or debit card sales. Second is solely based on bank account deposits/revenue.

Do you need to have a credit card processing terminal?

There are various types of MCA's. One is based on your future credit card/ and or debit card sales. Second is solely based on bank account deposits/revenue.

Is credit a factor to get approved?

Even though credit is a factor to consider when providing a Merchant Cash Advance, it isn't the only factor and in many instances it isn't that relevant because we are giving a lump sum payment to a business in exchange for an agreed-upon percentage of future credit card and/or debit card sales.

What is a factor rate?

Your merchant cash advance’s factor rate will determine how much you repay for your advance. For example, with a 1.3 factor rate, for every $1,000 you receive, you’ll need to repay $1,300. Factor rates generally range from about 1.1 to 1.6, depending on your business’s creditworthiness and finances.