Merchant Cash Advance

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What Do You Need To Qualify?

3+ Months in Business

You can qualify for our top financing options with as little as 3+months in business.

$5,000 + Monthly Gross Sales

The minimum revenue to qualify for financing options are $5,000+ per month, or $60,000 in annual gross sales.

No Minimum FICO Score

We have financing options for all credit profiles. There is no minimum FICO score required to apply.

FinTech
Speed

Easy 15-second application to get options in just minutes and funding in hours!

A merchant cash advance provider will approve your for a certain amount. The merchant will repay the advance with a percentage of each day’s credit card sales.
Interest rates or fees are determined by a factor rate, essentially a multiplier of the advance amount.

A cash advance is a way to tap into expected revenue of your business, so here are the main terms to know.

Funding Amount – the amount a provider will approve your business for is determined by the healthiness of your cash flow and monthly revenue.
The Payment amount – is determined by the amount of funding you get advanced including the factor rate and any fees included.
Factor Rate – The holdback is the percentage of daily revenue or credit card sales generated, which will be held by the provider for repaymrent. This is translated to a factor rate.
Payment – the payment amount is determined by the terms of the advance. Cash advance lenders offer daily, weekly and bi-weekly options of repaying the advance.

When a small business finds itself in a bind or needs access to quick capital there aren’t many options available. MCA’s are another option.

What are the benefits

Simple, FinTech Speed

Choose Your Vendor

No Up-Front Fees

Frequently Asked Questions

What is a Merchant Cash Advance (MCA)?

A Merchant Cash Advance isn’t technically a loan, but rather a cash advance that is paid back by withdrawing a percentage of your credit sales, typically on a daily basis. Since a merchant cash advance is based on a certain percentage of the daily balance, the more credit card sales a business does the faster they are able to repay the advance. On the other hand, during times of slow business, the payback would be reflective of the incoming cash flow.

When you take out a cash advance, you’re borrowing money against your future revenue or future credit card sales. You can typically get a cash advance in a few different ways. Through out this article we will break down how to get a cash advance, how they are paid and review different services and products they can be used for.

To learn more about a merchant cash advance (MCA) complete our 15-second online application today and speak directly with a business financing advisor.

How Does a Merchant Cash Advance Work?

A merchant cash advance lender will provide you a lump sum of money in exchange for a percentage of your future credit card sales. Instead of making a fixed payment over a period of time your loan is paid back usually daily or weekly by the lender collecting that set percentage of your credit card sales.

To learn more on how a merchant cash advance works, complete our 15-second application and speak with a business financing advisor.

Are Merchant Cash Advances The Same As a Loan?

A merchant cash advance isn’t technically a loan with set terms. It is an advance on future sales and is paid back by taking an agreed upon percentage on a daily or weekly basis. The benefits of a merchant cash advance are you can pay back the loan as quickly or as slowly as your business sales allow.

Explore your options when it comes to a merchant cash advance by completing our 15-second online application today.

Who Qualifies for a Cash Advance?

Almost any small business that is generating revenue can qualify for a cash advance, which is why it’s so desirable by many business owners. But like any financing product, each lender will have it’s own qualifications and you do have to meet the minimum requirements to be eligible.

Explore your options when it comes to an merchant cash advance by completing our 15-second online application today.

10 Reasons Why
TRAM Funding Offers
Best Financing Options

		Bank	Direct Lenders
Paperwork	3 Months Bank Statements No Tax Returns Required	2 Years Tax Returns 2 Years Financials	3 Months Bank Statements 1 Year Tax Return 1 Year Financials
Application	One Page – One Minute DocuSign	Lengthy Paper Intensive	Multi - Page Application
Number of Lenders	75 +	1	1
Service Level	Business Advisor	Processor	Programmatic
Approval Process	Hours / Days	Weeks / Months	Days / Weeks
Speed to Funding	Hours / Days	Months	Days / Weeks
Collateral Requirements	Not Necessary	Always	Sometimes Required
Business Profitability	Not Necessary	Last 2 Years	Sometimes Required
Credit Score	No Minimum FICO	680 + FICO	600 + FICO
Credit Check	Soft Pull	Hard Pull	Hard Pull

Creating Opportunities

Seize the opportunity to grow your business and gain access to the capital you need.