Merchant Cash Advances Online

We are a merchant cash advance company that fuels businesses with business cash advances up to $900k in as little as 24 hours.

Applying is free and won’t affect your personal credit score.

business owner holding credit card processing machine with a notification that he has been approved for a merchant cash advance

MCAs Online

Apply online for a merchant cash advance by completing our online application in less than 5 minutes and enjoy fast processing, no paperwork, and quick approval.

Same day funding

Same day funding is possible when you apply for your merchant cash advance. Receive your cash in as little as 24 hours. Our average funding time is 1-3 days.

Bad credit MCAs

Our merchant cash advances are also suitable for business owners with bad credit that need business funding and are looking for a bad credit business loan.

No credit check

No credit check is conducted when you apply for a merchant cash advance. Only a soft credit pull is carried out instead of a hard one to ensure your credit won’t be affected.

What are Merchant Cash Advances?

Merchant cash advances (MCAs) are loan alternatives best for businesses that need access to working capital immediately to cover cash flow gaps or short-term expenses. Your business receives an advance lump-sum payment, and in exchange, you repay the lump sum amount you received plus a fee from a portion of your business’s future credit card sales.

How does our merchant cash advance work?

When you receive a merchant cash advance (MCA) from MCashAdvance, we will provide you with an upfront lump sum of working capital and in exchange, you repay the lump sum, plus a fee from a portion of your business’s future credit card sales.

Approval is based on the strength of your business’s credit card sales not your credit score or how much collateral you can provide.

There are no interest rate payments. Instead, you pay a flat fee called a factor rate, which ranges from 1.1 to 1.5. You repay the advance amount, plus the flat fee, from a percentage of your credit card receipts. This fixed percentage, known as the holdback percentage, ranges from 10% to 25%.

MCA Feature MCA Details
MCA Amounts: $5,000 – $900,000
Factor Rate: 1.1 – 1.5
Holdback Rate 10 – 25%
Repay In: 3 – 18 months
Funding Time: 1 – 3 days
group of small business owners

Who Should Apply?

Businesses with steady credit sales should consider merchant cash advances when traditional loans are not an option.

How to get an MCA

Apply entirely online to get a merchant cash advance from MCashAdvance by following these simple steps:

Diagram of an MCA application form in a web browser

Step 1. Apply
Online

Click on the ‘Apply for an MCA’ button and enter basic information about your business into our online form.

Diagram of 3 papers that represents 3 months bank statements you need for the MCA application process

Step 2. Submit Documentation

Provide the last 3 months of your business bank statements or credit card processing statements to verify your financial information

Diagram of two hands shaking in front of a funding offer agreement for an MCA

Step 3. Let Us Review

Our underwriters will review your documents and application. If you’re eligible, we’ll approve your MCA and send you a funding offer.

Diagram of money and coins with the USD symbol to represent the funds you receive with your cash advance

Step 4. Receive Your MCA

Once you accept the offer and sign the contract, the lump sum payment from your MCA will be deposited directly into your bank account

MCA Requirements

MCA’s have far fewer requirements than traditional bank loans and are much easier to qualify for.

The application requirements for a merchant cash advance from MCashAdvance are:

  • Monthly credit card sales of at least $7500
  • Three months of bank statements or 3 months of merchant processor statements
  • Minimum credit score of 550 FICO
  • Minimum of 6 months in business
  • Must be at least 18 years old
  • Must be a US citizen or resident
Diagram of multiple documents with lines and checkboxes representing qualification requirements for an MCA

To find out what other MCA companies may ask for, read qualification requirements for an MCA.

Recent businesses that received MCAs

$50,000 merchant cash advance for a restaurant in New York for equipment upgrades.
$85,000 MCA loan for a construction company in Texas for working capital.
$25,000 business cash advance for a retail store in Pennsylvania for inventory purchases.
$75,000 in MCA funding for a technology startup in New Jersey for a marketing campaign.
$35,000 in MCA financing for an auto repair shop in Michigan for emergency repairs.
$30,000 in short-term financing for a pet grooming service in Massachusetts for equipment upgrades.
$150,000 cash advance business loan for a fitness center in North Carolina for expansion.
$175,000 in working capital for a real estate agency in Washington for business expansion.
$10,000 MCA loan for a beauty salon in Georgia for renovations.
group of small business owners

Are MCAs classified as loans?

Merchant cash advances (MCAs) are not classified as traditional loans. The MCA company is not loaning you money. They don’t charge interest or ask for collateral like a business loan. You won’t pay back a fixed amount plus interest over time like a traditional loan.

Instead, you are being offered an upfront payment and are selling a portion of your future credit and debit sales to pay back the advanced amount.

Repayments fluctuate based on your daily credit card sales. When credit and debit card sales are high, you pay back more of the advance on that day. If sales are on the lower side, you repay less of the advance on that day.

Because MCAs are not considered traditional loans, MCA companies aren’t required to follow state usury laws or other lending regulations. This means they can charge higher fees and costs than traditional lenders. Due to this lack of regulation, choosing a reputable MCA provider is crucial when seeking an advance.

Diagrams of circles with icons that represent common uses of an MCA inside each circle, connected to a credit card reader

What can an MCA be used for?

MCAs can be used for just about any purpose, but they are most commonly used to increase working capital and cover cash flow gaps in your business.

Here are some more of the most common uses for a merchant cash advance:

  • Covering unexpected costs
  • Managing cash flow
  • Funding equipment purchases
  • Purchasing inventory
  • Financing renovations and repairs
  • Covering seasonal costs

For a more detailed list of what you can use MCAs for in business, read uses of MCAs

Benefits and Drawbacks of MCAs

Benefits of an MCA

The biggest benefits of a merchant cash advance are fast funding that is easy to qualify for. With same-day funding, no collateral, and minimal paperwork, it is one of the fastest and easiest ways to get working capital for your business.

More benefits include:

  • Simple online application process
  • Bad credit accepted
  • No credit checks
  • Lower eligibility requirements
  • No psychical collateral required
  • No restrictions on funds usage

Drawbacks of an MCA

The biggest drawbacks of a merchant cash advance are its high fees and short repayment periods lead to increased costs and could strain your business’s cash flow.

More drawbacks include:

  • More expensive than loans
  • Very high APR rates
  • Daily repayments may hurt future cash flow 
  • Shorter repayment periods
  • Won’t improve credit score
  • Cash-only businesses are not eligible

How much does an MCA cost?


The total borrowing cost of a merchant cash advance is the advance amount plus the factor rate fee, which ranges from 1.1 to 1.5 (equivalent to 10%-50%). To determine the true cost, multiply the advance amount by the factor rate. For example, an advance of $10,000 at a factor rate of 1.1 results in a total payback of $11,000. At the highest factor rate of 1.5, the payback amount rises to $15,000.

Most MCA companies just charge a flat factor rate fee, but some brokers and online lenders also charge additional fees like origination, processing, and early repayment fees. These extra charges can significantly increase the overall cost of the advance, making it crucial to verify with the MCA funder if they charge additional fees so you know the true cost before agreeing to the terms.

MCA example


Imagine your business makes $25,000 each month from credit and debit card sales. You need quick cash for some expenses, so you apply for a $20,000 merchant cash advance.

The MCA provider evaluates your credit card sales and business’s credit risk. They offer the $20,000 at a 1.2 factor rate with a 15% holdback each day.

This means the $20,000 MCA will cost you ($20,000 x 1.2) = $24,000 in total. From your average monthly credit card sales of $25,000, the provider will hold back 15% each day ($25,000 x 0.15 / 30) = $125 per day.

At an average of $125 a day, it’ll take around 192 days, or 6.4 months, to repay the $24,000.

Repayment time varies with your daily sales. More sales mean quicker repayment: fewer sales mean slower. The 15% deduction remains constant.

Use this MCA calculator to get an idea of what an MCA might cost you, based on what you’re looking for.

DetailsMCA Example
Advance Amount$20,000
Factor Rate1.2
Holdback$125 per day (15% of daily credit card sales)
Estimated Repayment Period6.4 months
Total Pay Back$24,000
Estimated APR71.17%
Diagram of 3 circles connected to a credit card reader, each representing a different business type that might use an MCA: salons, restaurants, and retail stores

Why are funding offers sometimes lower than the amount requested?

The amount of cash the MCA provider offers you may be lower then the amount you request. This is because the MCA provider may feel giving you the full amount is too risky. They decide how much to offer based on the strength of your credit card sales, your credit history and business history. Providers usually offer 50% to 250% of your credit sales.

How are MCAs evaluated?


First, our fintech software checks if you pre-qualify for a merchant cash advance. Then, one of the underwriters at MCashAdvance reviews your application and supporting documents. The underwriter starts by checking the strength of your monthly credit card sales.

Next, they review your bank statements to check your business’s cash flow. They look for red flags like too many NSFs, negative overdrafts, or other debts. After that, they do a soft inquiry to view your personal and business credit scores. This won’t affect your credit.

They will use this information to decide to offer you funding. They will also use it to determine how much they will charge (factor rate fee) to provide you with the advance.

Diagram of 4 circles connected vertically, representing the evaluation process of MCAs from pre-approval to funding offer and contract

How to pay back an MCA?

There are two main ways to repay a merchant cash advance: either the MCA company deducts a percentage of your credit card sales directly from your card processing merchant account, or they withdraw fixed payments from your business bank account.

Percentage of credit card sales deductions: The MCA company works with your credit card processor to deduct a fixed percentage of your daily credit card transactions. This method is called split withholding. The amount you repay varies based your daily card sales volume — more card sales mean faster repayment, while lower card sales mean you pay back less.

Fixed payment bank withdrawals: The MCA company withdraws fixed payment amounts from your business bank account. This amount, typically debited weekly, is based on an average of your monthly credit card receipts. This method is known as ACH withholding. It offers a predictable repayment schedule, which helps in managing cash flow more effectively.

Key things to consider: The repayment continues until you have repaid the advance amount, plus the factor rate fee and any other fees you agreed to. MCA companies try to keep repayment periods between 3 and 18 months.

Diagram of 3 icons inside 3 circles with directional arrows showing how to repay an MCA: from the credit card to the card reader to the lender

The differences between MCAs and business loans

Loan Features Comparison Merchant Cash Advances Bank Loans SBA Loans
Funding Amounts $5,000-$900,000 $100,000 Credit dependent.
Application Process Short online application process with same day approval and no paperwork. Long application process with lots of paperwork. Long application process with lots of paperwork like business plans.
Bad Credit Accepted Yes No No
Hard Credit Check No Yes Yes
Approval Time In as little as 24 hours. Takes weeks. Takes weeks.
Time to Funding Same day funding. 1-3 Months. 1-3 Months.
Approval Criteria Credit Card Sales. Credit score and collateral. Credit score and collateral.
Borrowing Costs High (15% to 50%) Low (6% to 12% ) Low (11% to 15%)

The table shows the differences between merchant cash advances and traditional business loans. To learn the key differences between MCAS and other business financing options, like business lines of credit, invoice financing, equipment financing read merchant cash advance alternatives.

Diagram of circles connected to a card reader and a bag of money, with icons inside representing considerations before getting an MCA.

Is an MCA right for Your Business?

A merchant cash advance can be a good option if your business is unable to qualify for other types of business financing. However, with very high APR rates ranging from 50% to 200% and high factor rate fees, it’s a very expensive type of financing.

Before committing to a merchant cash advance, make sure it’s a financially sound choice for your business so you don’t end up falling into a cycle of debt. Always consider cheaper forms of business funding before relying on this more expensive way to fund your business.

Frequently asked questions

Can an MCA hurt your credit?

A MCA is not considered to be a loan, so it is not reported to the credit bureaus, so your credit won’t get hurt. But, if you can’t pay it back, the MCA provider might involve a collections agency or sue for the amount owed. If a court or collections judgment goes against you, this gets recorded on your credit report and will hurt your credit.

Are MCAs bad for your business?

Because MCAs have high fees and short repayment periods, this can make cash flow problems worse if your business’s cash flow is already very unstable.

What happens if you default on an MCA?

If you default on the MCA, the funder can send the debt to a collections agency or file a lawsuit to seize your business assets to recoup their losses. Even if you miss one payment, that is usually considered a breach of contract and you are considered to be in default of your MCA agreement.

Ready to apply?

No hidden costs or fees

No paperwork

5 minute application

Bad credit accepted

No obligation to accept

High approval rates