Merchant Cash Advance to assist with any business need
At EZ advance, we offer a merchant cash advance with the aim of assisting clients in preparing for the future. Obtain quick and easy financing for the operational capital needed to take your business to the next level.
What is a Merchant Cash Advance?
Merchant cash advance helps the business get working capital quickly connected for the credit card sale and other receivables to help them with their required need. It is a kind of non-equity financing in which a business gets a cash sum in advance in exchange for selling receivables of future revenues at a lower price. This assists in adapting the payment schedule to the business flow of the sales processes.
Before one is approved as an MCA, there are specific guidelines that need to be fulfilled. The qualifications for the calculation of Adjustment amount: the business must accept credit card payments or any other forms of receivables.
At EZ advance, the MCA application is very easy and convenient. The application form for your business can be filled out within a few minutes using the online facilities we offer. Our merchant cash advance amounts are baseline at $5,000 and can escalate to $500,000.
Which Kind of Business Is Suitable for This Kind of Small Business Financing?
Fixed Payments*
Payments are automatically calculated on a percentage of the business credit card sales or other revenue receivables.
Estimated Completion Date
The payments are made according to the business's turnover; thus, it does not have a standard payment period.
Cost and Fees
Receivables are bought at a lower price; fees may be applied and taken out of the advance amount.
It is perfect for businesses that accept credit card payments and require immediate access to cash. Besides having more straightforward rules on the receipt of the application, cash advances are intended to provide the necessary working capital quickly and in the most flexible way. An MCA offers flexibility because it is an agreement with variable payments depending on the future receivables of the revenue streams of an Organization.
However, suppose you qualify as a high-risk business with a high rate of credit card transactions and large receivables, or you are in a characteristically seasonal business. In that case, a merchant cash advance is the best for you.
An estimated completion date is calculated based on the estimated time the business will take to deliver the receivables (which will vary based on the business’ performance). These estimated completion dates typically range between 3 and 18 months, but this is only an estimate.
Scale Your Business with a Small Business Loan
To apply, you only need 3 important things.
Valid Identification Form
Business bank account and routing
Business bank statements for the last three months.
Application Process
Users are welcome to complete an application at our online portal. The application takes
only a few minutes and can be done with a mobile, tablet, or computer. We advise that you
have all the paperwork your application will likely require to ease the time taken further.
Our team will consider all the necessary aspects of your business financing application.
Let us know if you have any questions in case one of our business advisors will require
more information.
If approved, our team will transfer your funds to the business banking account supplied. It
only takes a few minutes, so be on the lookout!
Merchant Cash Advance FAQs
A merchant cash advance can be described as working capital funding where a business
gets money in exchange for a portion of its future credit card or other receivables at a lower
rate. Small businesses apply for online financing, and if approved, funds are transferred to
the business’s bank account.
If a small business wishes to apply for a merchant cash advance, the applicant should
have such assets as credit/debit card sales, invoices, etc. Once they apply, these
documents include credit card processing statements, business bank account
statements, and invoices that must be submitted to the alternative funder.
Although business funding for small businesses employs credit scores, either personal or
business, to analyze financiers’ applications, it does not solely decide for approval or
denial of a financing request. It is important to note that most of the alternative small
business funders rely on the general capacity of your business to pay a loan back by
considering business revenues, business experience, accounts receivable, and business
credit.
Merchant cash advances provide direct, immediate working capital and use payment
structures that tend to accommodate the merchant than conventional small business
loans.
This implies that working capital can be generated to meet the business funding
requirements more rapidly by releasing it upfront. It is used, as mentioned above, because
making payments linked to the percentage of future receivables makes payments more
flexible. I would recommend cash advances for businesses that are seasonal or have high
credit card sales/lots of receivables.
Yes. Business cash advance and merchant cash advance are two names of the same
concept with somewhat different wording.
A merchant cash advance is similar to a purchase and sales transaction in which a
merchant funding entity buys a percentage of the business’s future sales at a lower value in
exchange for working capital.
A small business loan is financing provided to a borrower by a financing company, where
the borrower is expected to return the small business loan with predictable amounts.
Merchant Cash Advance with EZ advance
At EZ advance, we are serious about helping your small businesses realize enormous possibilities. Please think of us as one of your partners to work with you and see your company progress through the tailored suite of financial products.
- Trusted by over 30 thousand small businesses.
- Advanced funding technology allows you to apply on any mobile, tablet, or computer device.
- Real business consultants offering quick, easy, and reliable funding details of the organization.
- Simplified process for more funding needs.