Yes, you may be able to get a merchant cash advance with bad credit if your business has strong cash flow. Alternative lenders like Venture Plus Partners Capital have lower credit score requirements, typically starting around 550. Merchant cash advances, invoice factoring, and other alternative small business funding are ideal options for businesses with low credit scores.

Some alternative lenders may approve a merchant cash advance with no bank statements, but you can expect much higher rates. Venture Plus Partners Capital requires three months of bank statements and other financial records. What type of business qualifies for an MCA?

Any business that accepts credit and debit card payments may benefit from a merchant cash advance, regardless of industry. Our team of knowledgeable Funding Advisors will work with you to assess your eligibility.

Every business is unique. It’s always best to speak with one of our Funding Advisors to review your circumstances and assess your eligibility. In general, we look for consistent revenue with minimum monthly receipts of $7,500 or more, and 6+ months in business. We know that credit scores don’t tell the whole story, so we also consider the overall growth potential of your business. Are there restrictions for how the funding is used? What is the interest rate on a merchant cash advance?

We do not restrict how you can use your merchant cash advance funding. We believe small business owners understand best what they need to do to grow their businesses, so while our team may provide some coaching, the final decision is yours. What is the interest rate on a merchant cash advance?

A merchant cash advance does not have an interest rate because it is not technically a loan. An MCA is an advance against future sales. The cost of the advance is called a “factor rate”, and it varies based on each business.