Merchant Cash Advance

Strong credit card Sales. Shaky Credit?

Borrow against credit and debit card sales to keep business bustling

A merchant cash advance can be a timely option for businesses that find themselves in a tight spot due to a temporary cash flow shortfall, even if you have shaky credit. Though they are relatively easy to obtain, cash advances should be used sparingly and cautiously. A merchant cash advance is a quick way to secure capital for short-term business needs.

Merchant cash advances are a short-term lump sum infusion of cash based on your business’s credit and debit card deposits.

The cash advance is repaid through an automatic deduction of a fixed percentage of your credit card deposits. Since your deposits can vary, your repayment period will fluctuate accordingly. The factor rate and total fees are determined at the time your advance contract is signed and are fixed costs no matter the speed you repay.

Though merchant cash advances typically come with high fees and interest rates, easy approval and fast funding make them an attractive solution for many businesses that find themselves in a temporary financial tight spot.

For some businesses, the high repayment fees can cause them to default or require refinancing. For this reason, merchant cash advances should only be used as a short-term financing solution.

If you accept a merchant cash advance, be careful not to stack merchant cash advances. It can lead to a debt spiral and make repayment not affordable.

Asset 2


  • Easy access to funds
  • Quick and easy approval
  • Bad credit is ok
  • Can be used for a number of business needs


  • Fees are higher than traditional business loans
  • Restrictions of changing merchant account service providers during payback
  • Reduced cash flow due to daily deductions of your credit card receipts
  • Shorter terms
  • Debt spiral caused by stacking

General Loan Information

Loan Amounts

  • Funding Amounts $5,000 to $500,000

Loan Terms & Rates

  • Terms 3 to 18 months
  • Daily/Weekly Payments
  • Typical Factor Rates 1.10 to 1.49
  • Credit Card Sales Required

Credit Requirements

  • FICO Credit Score 500+ (may be lower, depending on lender)

Business Requirements

  • Average Business Credit History
  • Monthly Revenue $5,000+
  • 3+ months in business

* If you meet these general loan guidelines, you will most likely receive loan offers for this funding product. Loan offers are preliminary based on the information evaluated, final funding amount offer may be adjusted during final underwriting.

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