Small Business loans
mCashAdvance™ provides small business financing up to $950,000. We approve businesses from all industries, including high-risk ones. Apply online now and get an immediate answer if you pre-qualify for funding without affecting your credit score. There is no collateral required and there are no obligations.
$100M+
LOANS FUNDED
25,000+
SATISFIED CLIENTS
8+
YEARS IN BUSINESS
How Does The mCashAdvance™ Business Funding Work?
We help small business owners from every industry, including high-risk, to find an alternative funding solution from $5000 to $1,000,000. We keep it simple, online and without the heaps of paperwork required by the banks.
Fill out our online application.
- Answer a few questions
- Upload three month’s bank statements
- Perfect credit is not required
Prequalify online, then get approved.
- Get instant pre-qualification
- A funding specialist will contact you
- Realistic expectations set
Get your capital.
- Choose your amount (up to 200% of monthly gross)
- Money is deposited in 1-3 days
- Put your funding to work for your business
Make simple payments.
- Choose daily, weekly or monthly payments
- Never miss a payment with auto pay
- We are here to help.
Made For You, No Matter What Your Size
Whether you’re a small business, online platform, Construction business or restaurant, mCashAdvance™ offers diverse funding solutions to help your business grow.
ALL Small Businesses
Get $5000-$1,000,000 without the heaps of paperwork required by the bank. Use our secured application form to apply online safely and get your business the capital it needs.
eCommerce Loans
US eCommerce businesses are thriving. However, online customer acquisition costs are high. We help eCommerce companies every day.
Construction Business Loans
Construction projects take time, and many construction companies struggle to keep up with expenses until they get paid. We can help.
Restaurant Financing
We fund restaurants daily and help restaurant businesses get cheaper credit card processing.
Most Popular Business Financing Options Available at mCashAdvance™
At mCashAdvance™ we offer 19 different type of small business loans to help you get the financing that you need. We have a variety of loan programs available for your business including:
Business Lines of Credit
The mCashAdvance line of credit equivalent provides access to a fixed amount of money for your business on demand.
Business Equipment Loans
Equipment financing can help you equip your business, improve efficiency, and take advantage of new technologies.
Working Capital Loans
If you need to consolidate business debt or pay a specific debt, mCashAdvance offers debt settlement financing.
Small Business Loans Explained
Overview
Small business loans are unsecured, short-term loans designed to help small businesses meet their immediate cash demands. Most lenders loan amounts less than $100,000, but at mCashAdvance™ we can lend you up to $900,000 depending on your industry.
Lender Types
There are two main types of lenders: traditional lenders and alternative lenders. Financial institutions such as banks and credit unions are traditional lenders. Online lenders, microlenders, and peer-to-peer lending platforms are examples of alternative lenders. Both types of lenders charge different interest rates and have different lending criteria.
While traditional lenders typically charge interest rates between 3 and 7%, alternative lenders Charge between 5 and 30%. Traditional lenders, however, are much more difficult to obtain a loan from. When applying for a loan, you should determine which type of lender is likely to be most favorable to you based on your business circumstances.
Alternative Lenders
- peer-to-peer lenders
- online lenders
- Bad credit lenders
- payday lenders
- Friends and Family
Traditional Lenders
- Banks
- Commercial mortgage companies
- Savings banks
- Credit unions
- Government SBA Approved lenders
Common Uses
The most common use of a small business loan from a traditional lender such as a bank is for business expansion or growth. If you are borrowing from an alternative lender, you may use the funds for anything you wish, such as paying your payroll, paying your bills, or purchasing new equipment. These are some of the more common uses of the funds:
- Business Equipment purchases
- Land purchase for commercial purposes
- Commercial real estate purchase
- The purchase of inventory
- Investing in office renovations
Benefits
Small business loans offer a number of benefits to a company, including:
- A business loan facilitates growth
- The interest rate on a business loan is usually lower than the interest rate on a business credit card.
- A loan provides funds to your business in times of need so that you don’t have to invest your own personal funds
- Over time, you can pay back the loan in installments so its not a shock to your businesses cashflow
- Repaying a loan in full will improve your credit score, which will make it easier for you to obtain future funding
Drawbacks
A small business loan may have some disadvantages, including:
- Banks and traditional lenders can take weeks or months to approve a loan
- Due to your business’ current circumstances, some lenders charge higher interest rates
- Unlike mCashAdvanceTM, traditional lenders require collateral
- It is difficult to get approved by a traditional lender without a credit history
- An application fee can be charged by a loan broker
- It is very difficult to get a business loan for a startup business
Considerations
There are some things to consider before applying for one. These factors will determine whether or not you qualify for a small business line of credit.
- Your personal credit score
- The amount of money you wish to borrow
- What is your plan for using the funds
- What business collateral can you provide to as security
You should carefully consider the above points. They will determine how much you are able to borrow, what type of lender to approach, and what interest rate you will be charged.
Requirements
The minimum lending requirements of most traditional lenders are rigid. They require business bank statements for the past six months to qualify. Traditional lenders require a minimum credit score of 600. On top of that, these types of lenders also look for collateral to act as security against a loan.
MCashAdvanceTM provides flexible minimum lending criteria for small businesses who may not meet traditional rigid lending requirements.
To secure a mCashAdvance™ loan business owners:
- Should be at least 18 years old
- Should be a citizen of the United States
- Should own a U.S. business
- Should provide only 3 months of financial statements
- Do not have to put up any collateral as security
- Do not need a minimum credit score of 600
- Do not need to have a flawless credit history
Repayment Terms
Depending on the type of loan you apply for, the repayment terms of a small business loan vary. When choosing a lender you should always ask a lender the these questions about their repayment terms.
- If you repay the loan early, does the lender charge a prepayment penalty?
- Is it possible to pay off the entire amount in one lump sum if the lender allows it?
- If you fail to make repayments on time, will the lender charge you late fees?
Does Your Business Need Funding Today?
There’s no fee or obligation, and it won’t impact your credit.
$5,000 – $1,000,000
Talk to a rep at (855) 433-8641
Mon – Fri | 9:00am – 8:00pm