FAQ's

An MCA is a form of business financing where a provider advances you a lump sum of capital in exchange for a portion of your future credit card sales or daily bank deposits. You repay the advance, plus a predetermined fee, through a percentage of your daily sales until the total amount is settled.
The MCA amount is typically based on your average daily credit card sales or bank deposits. Lenders assess your recent transaction history to determine the advance amount they are willing to offer, often ranging from a few thousand to several hundred thousand dollars.

Unlike traditional loans, MCAs do not involve fixed monthly payments or interest rates. Instead, they rely on daily sales deductions. Traditional loans have longer terms, while MCAs have shorter repayment periods and higher costs due to factor rates.

To apply for an MCA, visit a reputable MCA provider’s website, complete their application, and provide necessary financial documents and business information. The provider will then evaluate your eligibility and offer terms based on your business’s profile.
Repayment is typically a percentage of daily credit card sales or bank deposits until the total advance amount, plus the fee (factor rate), is repaid.
The advance amount is usually based on a business’s average daily credit card sales or bank deposits, with lenders considering recent transaction history.

While credit scores are considered, MCAs are generally more lenient with credit requirements compared to traditional loans. A strong sales history is often more important.