What is a Merchant Cash Advance?
Updated: Oct 14, 2019
A merchant cash advance (MCA) is a purchase of future receivables. MCAs are based off a businesses revenue and are less dependent on credit. Business owners who take out an advance can expect anywhere from 10 - 20 percent of their annual gross revenue. Underwriting evaluates merchant bank statements and look at a number of different things such as average daily balance , number of deposits, and negative days.
A merchant cash advance requires no collateral and is an extremely fast process. Business owners can apply, get approved and get funded all within the same day! The process is simple.
Fill out a one page application and send in the last three months of business bank statements.
Get approved and have a funding specialist go over the proposal with you.
Sign contract and get funded.
For more information visit us at riverstrongcapital.com and apply online for free. Take your business to the next level and see what you qualify for today!