A merchant cash advance (MCA) gives businesses fast access to working capital based on future credit card or other receivables so they can meet their business needs. This type of funding is an alternative form of financing that works by giving businesses upfront access to a lump sum in return for a portion of the future revenue receivables at a discounted price. This allows the payment timeline to be tailored to the flow of business sales.
To be approved for an MCA, certain criteria must be met. Important qualifying factors are that the business must accept credit card payments or have other receivables.
At Rapid Finance, applying for an MCA is fast and convenient. You can complete the application for your business through our online portal in just a few minutes. Our merchant cash advance amounts start at $5,000 and range up to $500,000.