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A Merchant Cash Advance is a way for a small business to use their future credit card sales to secure a loan. The repayment of the loan is collected as a percentage of your credit card sales until the borrowed balance is paid in full. For example, if you were to borrow $12,000 over a one year period, and you processed $10,000 in credit card sales per month, you would pay 10% of your credit card sales plus a fee until your balance is paid in full.
This program is great for retail businesses with limited collateral that are in need for a quick financing solution. This is also great for seasonal businesses; loan payments are lower when business is slow and higher when business is booming!
The process for a Merchant Cash Advance is a quick and simple process. With a simple online application, 3 months of bank statements and 3 months of credit card statements, we can have you approved and closed within 24 hours!
SMB Compass's simple and secure online loan application can be completed in a matter of minutes. Quick & Easy!
After we process your application we will contact you and provide you with the best loan offer.
Once your loan is approved in as little as 24 hours. You will have capital deposited directly to your business bank account.
The best industries for a Merchant Cash Advance are retail companies that process high volumes of credit card sales. If you are a B2B business, this could be great for you as well, you just have to be processing credit cards!
Auto Repairs & Sales
If you’ve been in business at least one year, have at least $100,000 in annual revenue, and have a personal credit score of at least 600, you are eligible.
We use a number of different data points to instantly provide you with the best possible loan offer, including competitive rates and payment terms that work for you and your business.