Merchant Cash Advance
The popularity of merchant cash advances is tied to the growth of credit cards and merchant accounts. Businesses accepting credit card payments allowed financial pioneers, like Consolidated Funding, Inc., to provide cash advances based on the cash flow passing through those accounts.
$10,000 - $20,000,000
16% - 50% (credit-based)
Up to 24 months (daily/weekly/monthly)
What is a merchant cash advance?
A merchant cash advance is not a loan but, rather, an advance against future sales based on past credit and debit card sales. Repayment is made through automatic daily deductions from future credit card sales. Approval for qualified business owners is fast, and paperwork is minimal. MCAs are an alternative to harder-to-get small business loans, such as business lines of credit or bank loans. This option is ideal for businesses with high credit card sales volume and a need for quick funding, but the costs can be higher than traditional loans.
Uses & Benefits
An MCA can fund short-term opportunities to increase ROI, such as the purchase of quick-turnaround inventory, and can be a good option for businesses that use funds to augment ROI-generating activities while being mindful of costs. MCAs are also helpful for covering unexpected downturns in cash flow, purchasing discounted inventory, or covering equipment repairs or emergencies. MCAs are suitable for businesses with sufficient cash flow and credit card receipts to support daily repayment.
Good FICO score not required
Collateral not required
Discharged bankruptcies are accepted
Frequently Asked Questions
Do I qualify?Our minimum qualifications are: - personal FICO credit score of 500+ - at least 6 months in business - have at least 50% ownership - $15,000 in gross monthly revenue over the last 2 years - services not included in California
How can I use my funds?There’s no restriction on what you can you use the money for, though we recommend putting the funds towards income multiplying activities. Our customers usually use the funds for: purchasing inventory, payroll financing, equipment financing, marketing campaign funding, business expansion capital.
How do I pay back?There are multiple options. Depending on your preferences, business type and setup, you can choose between: daily, weekly and monthly ACH payment options, lock box or credit card split payments.
Do I need any collateral?In some cases, you do not need to provide any collateral when applying through Consolidated. We simply consider your business' overall performance and cash flow. Our goal is to make the funding experience as seamless as possible and to build long standing relationships with the companies we fund.
What is the term I can get the money for?Depending on your eligibility, you will be able to keep the funds up to 24-months.
How fast can I receive the funds?Thanks to our quick process, you are able to sign the contract and get funded the same day you submit. Funds will normally reach your account within 24-hours.
Who is the right fit?Our concierge-style services provide business owners seeking growth capital with access to extensive funding that is unavailable to retail borrowers.