The short version
A merchant cash advance is not a traditional loan. A funder purchases a portion of your future receivables and advances you cash today. Repayment then comes from your sales, often as a set portion of deposits or a scheduled remittance. Through our partner Merchant Fund Express, established owners can request from $25,000 to $5,000,000.
Where an MCA tends to fit
An MCA tends to suit businesses with frequent, predictable sales: a busy coffee roaster with wholesale and counter traffic, a multi-bay car wash, a boutique fitness studio with recurring memberships. The review leans on how money moves through the account, which is why owners with a dented personal score often look at this option first.
If your revenue comes in large, irregular checks rather than daily sales, working capital may be a better match.
Questions to ask before you accept
- What is the total amount I will repay, in dollars?
- How is the remittance collected, and how often?
- What happens if my sales dip for a few weeks?
- Is there anything in the agreement about taking on other funding later?
Read every offer closely. Merchant Fund Express presents the terms before you agree to anything, and you are never obligated to accept.
A simple illustration
For illustration only, not our terms: a restaurant group with about $140,000 in monthly card sales wants to remodel a patio before summer. Rather than wait on a bank, the owner applies for an advance sized to that project. Repayment then moves with sales, so a strong July collects more and a slow week collects less, depending on how the agreement is structured.
What the application asks for
About three months of business bank statements, a 5-minute application, and a soft credit pull to start. No tax returns are required. FICO 500 and up is considered, and sole proprietors can apply. This program is built for established businesses doing $60K or more a month. For qualified businesses, funding can arrive in as little as 24 hours.
Need it fast? Read about a same-day merchant cash advance, or go straight to the application.
Frequently asked questions
Is a merchant cash advance a loan?
Generally no. It is structured as the purchase of future receivables, which is why repayment is tied to your sales rather than a fixed loan schedule. Your agreement will spell out the specifics.
Do I need to take credit cards to qualify?
Card sales are common, but consistent deposits in your business account are what the review looks at. Ask about your specific revenue pattern when you apply.
Can I get an MCA with a low credit score?
FICO scores of 500 and up are considered. Revenue and deposit consistency carry significant weight.
Will Eagle Credit Repair fund my advance?
No. Funding is provided through our partner Merchant Fund Express.
Does taking an MCA help repair my credit?
No. Funding and credit repair are separate services, and an advance should not be expected to raise your score.