Our Solutions
Our Solutions
MCA LOANS
Experience the benefits of MCA loans and take your business to new heights with increased financial flexibility.
MCA loans will help you can obtain the working capital you need to cover immediate expenses, invest in growth opportunities, purchase inventory, or manage cash flow challenges. This alternative financing option is especially valuable for businesses that may face difficulty qualifying for traditional bank loans or require a fast and straightforward application process.
Let us assist you in securing the funding you need to fuel your business growth and achieve your entrepreneurial dreams.
Why MCA LOANS?
Merchant Cash Advance (MCA) loans work by providing businesses with a lump sum of cash in exchange for a portion of their future sales or credit card receivables. MCA loans are an alternative financing option that allows businesses to access quick and flexible funding for their working capital needs.
How does it work?
Here’s a step-by-step explanation of how MCA loans typically work:
- Application and Evaluation: The application process is generally quick and straightforward compared to traditional loans. The financing provider evaluates the business's credit card sales history, overall financial health, and other relevant factors to determine eligibility.
- Funding Offer: If the business is approved, the financing provider offers a lump sum cash advance. The advance amount is typically based on the business's average monthly credit card sales or anticipated future sales volume.
- Agreement and Repayment Terms: The business and financing provider enter into an agreement outlining the terms of the MCA loan. This agreement includes the amount of the cash advance, the factor rate (the cost of the loan), and the percentage of future sales that will be deducted as repayment.
- Collection and Repayment: The repayment process is often automated through the business's credit card processor. As credit card sales are made, the agreed-upon percentage is automatically deducted, directing funds to the financing provider until the loan and any applicable fees are fully repaid.
- Continuous Access: After the initial MCA loan is repaid, some financing providers may offer the opportunity to renew the financing. This allows the business to access additional funding as needed, making MCA loans a potential source of ongoing working capital.
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MCA LOANS
FAQ
MCA loans are often favored by businesses with fluctuating sales, such as retail stores and restaurants, but they can be used by various industries seeking quick access to working capital.
Funding from MCA loans is usually fast, with approval and disbursement often taking just a few days, making them suitable for urgent financial needs.
MCA loans are often considered cash advances due to their repayment structure, which is based on a percentage of sales rather than fixed monthly payments.
Qualification requirements may include a minimum amount of time in business, a specified monthly revenue threshold, and an evaluation of credit card sales history.
Some providers offer renewal or extension options after the initial MCA loan is repaid. This allows businesses to access additional funding if needed.
MCA loans differ from traditional loans in terms of repayment structure, speed of funding, and qualification requirements. MCA loans are repaid as a percentage of sales, are faster to secure, and may have different eligibility criteria.
Why Amrock Financial?
AmRock Financial hasprovided $1 billion + in financing to more than 400+ small and mid-sized businesses in the US and Canada over the last 16 years, working with a pre-approved network of 1700+banks and Non-bank lenders nationwide.
If you are looking for a business loan, refinancing, or additional working capital, we provide Debt Structures from $1 million to $100 million.
Although banks have reduced lending in today’s market there are many other funding options available to you.
If you’re interested in scheduling a 30 min introductory call, book a meeting here:
Overview of our
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- 1001 Brickell Bay Drive 27th Floor Miami, Florida 33131
- 305-440-8480
- applications@amrockfinancial.com