What is a Merchant Cash Advance?
When you receive a merchandiser sum from Venture and Partners Capital®, we’ll offer you with a payment of capital in exchange for a proportion of your business’s future sales. which means you’ll receive capital currently, and we’ll receive a proportion of your sales till the quantity of sales we've got purchased has been received.
Our Funding Advisors can work closely with you to make a funding set up which will facilitate jumpstart your business’s growth while not maxing out your income. Business house owners averaging a minimum of $7,500 per month in sales over the last 3 months generally qualify for AN MCA up to 70-120% in funding, from as very little as $3,000 up to $500,000. we provide each mounted and versatile compensation schedules, and there’s no mounted term.
Merchant cash advance rates
Merchant money advances use issue rates rather than a standard charge per unit. issue rates square measure straightforward decimal figures that show what quantity “extra” you'll owe on the first quantity of the loan. Your issue rate is set supported a risk assessment. Most issue rates fall between one.1 and 1.5.
Who Should Apply for a Merchant Cash Advance?
Merchant cash advances are ideal for:
Businesses seeking fast funding—MCAs can be deposited in as little as 24 hours
Businesses that process a lot of debit and credit card transactions
B2C businesses that need smaller amounts of funding
Businesses with lower credit scores
Business owners that do not have collateral, such as real estate and other assets
Merchant cash advances can benefit restaurants, dental practices, attorneys, medical practices, gas stations, pharmacies, and more. No matter what industry you operate in, our expert Funding Advisors will work closely with you to select the best funding option to help you achieve your business’s goals without sacrificing cash flow.
How to Get a Merchant Cash Advance
1
Apply
Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
2
Choose Funding
A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.
3
Get Funded
Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
4
Set Repayment
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.
How to Use a Merchant Cash Advance
There are no restrictions on how a merchant cash advance can be used. MCAs are typically best used to support growth strategies that will help increase your revenue, such as:
Taking advantage of time sensitive opportunities to grow
Expanding your marketing strategy
Purchasing inventory or raw materials in bulk
Upgrading equipment or technology
Hiring new staff
Investing in training and continuing education
Merchant Cash Advance Requirements
Traditional bank and SBA loans are typically only given to wealthy business owners with property and extremely strong credit scores. Venture Plus Partners Capital has more flexible approval requirements that focus on the overall health of your business, not just your credit score. Your business must accept credit and debit card payments to qualify and no collateral is required.
Here are some factors we consider:
Business revenue
Cash flow
Vendor payment history
Years in business
Public records
Merchant cash advances can benefit restaurants, dental practices, attorneys, medical practices, gas stations, pharmacies, and more. No matter what industry you operate in, our expert Funding Advisors will work closely with you to select the best funding option to help you achieve your business’s goals without sacrificing cash flow.
Merchant Cash Advance Q&A