10 Best Merchant Cash Advances
A Merchant Cash Advance (MCA) is a type of funding option that allows businesses to access capital based on their future credit card sales or receivables. Instead of taking out a traditional loan, businesses receive a lump sum of cash that is repaid through a percentage of their daily credit card transactions. This provides flexibility for businesses that experience fluctuating sales, as repayments are tied to their revenue.
The benefits of a Merchant Cash Advance include quick access to funds, no collateral required, and the ability to qualify with a lower credit score compared to traditional loans. Since repayment is based on daily sales, businesses have more control over their cash flow, making it easier to manage loan repayment during slow periods. Additionally, MCA providers often offer flexible terms tailored to your business’s specific needs.
1.
Rapid Finance
Rapid Finance offers small business financing options including working capital loans, lines of credit, and merchant cash advances.
Provides a streamlined process for fast funding with flexible terms.
Provides a streamlined process for fast funding with flexible terms.
Loan amounts: Up to $500,000 for business loans and lines of credit.
Merchant cash advances: Funding based on future credit card sales.
Quick funding: Fast approval and funding, sometimes within the same day.
Flexible terms: Offers short-term and long-term financing solutions.
No collateral required for most loans.
Merchant cash advances: Funding based on future credit card sales.
Quick funding: Fast approval and funding, sometimes within the same day.
Flexible terms: Offers short-term and long-term financing solutions.
No collateral required for most loans.
Rapid FinanceCheck HereRapid Finance - – Offers fast approval and flexible repayment terms for small businesses.
Pros
Fast and easy application process.- Quick access to capital with funding available within 1-2 business days.
- Suitable for businesses with poor credit scores or irregular cash flow.
- No collateral required for many loan types.
Cons
High interest rates, especially for merchant cash advances.- Short repayment periods compared to traditional loans.
- Limited options for larger businesses.
Key Features
Up to $500,000 in loans or lines of credit.
Fast approval and same-day funding in some cases.
No collateral required for most financing options.
Flexible repayment terms based on business needs.
Fast approval and same-day funding in some cases.
No collateral required for most financing options.
Flexible repayment terms based on business needs.
Why Is Recommended
Rapid Finance is ideal for businesses looking for quick, flexible financing with fast access to funds. It's particularly suited for businesses that may not qualify for traditional loans or need fast cash to meet short-term business needs.
2.
CAN Capital
CAN Capital offers small business loans and merchant cash advances, helping businesses access working capital quickly. It uses alternative data sources to assess creditworthiness and provide financing to businesses that may not qualify for traditional loans.
Fast, flexible financing: CAN Capital offers rapid access to funds with flexible repayment terms.
Alternative credit assessment: Utilizes alternative data points to evaluate businesses for loans, broadening access to financing.
Merchant cash advances: Provides advances based on business sales or receivables, without requiring collateral.
Simple process: Easy online application process with quick approvals and funding.
Alternative credit assessment: Utilizes alternative data points to evaluate businesses for loans, broadening access to financing.
Merchant cash advances: Provides advances based on business sales or receivables, without requiring collateral.
Simple process: Easy online application process with quick approvals and funding.
- CAN CapitalCheck Here
CAN Capital - – Known for providing quick access to working capital with no collateral required.
Pros
- Fast and simple access to working capital.
- No collateral needed for most loan products.
- Flexible repayment terms based on daily sales or revenue.
- Can serve businesses with less-than-perfect credit histories.
Cons
- Higher interest rates than traditional financing options.
- Short repayment terms may be difficult for businesses with variable cash flow.
- Fees can add up, particularly for merchant cash advances.
Key Features
Small Business Loans: Unsecured loans with flexible repayment options.
Merchant Cash Advances: Advances based on daily business sales, with repayment linked to revenue.
Alternative Credit Scoring: Uses alternative data to assess businesses for loans.
Easy Application: Simple, online application process with quick funding.
Merchant Cash Advances: Advances based on daily business sales, with repayment linked to revenue.
Alternative Credit Scoring: Uses alternative data to assess businesses for loans.
Easy Application: Simple, online application process with quick funding.
Why Is Recommended
CAN Capital is ideal for small businesses that need quick access to capital and may not qualify for traditional loans. Its alternative lending model, combined with flexible repayment terms, makes it a strong option for businesses with varying cash flow or credit challenges.
3.
Credibly
Provides a variety of financing options for small businesses, including working capital loans, merchant cash advances, and lines of credit.
Offers short-term financing solutions with quick approval and flexible repayment terms.
Offers short-term financing solutions with quick approval and flexible repayment terms.
Loan amounts: Up to $400,000 for qualifying businesses.
Types of financing: Offers working capital loans, merchant cash advances, and lines of credit.
Fast approval and funding: Decisions can be made in just a few hours, with funding available in as little as 1-3 days.
No collateral required: Unsecured financing options available for most loans.
Flexible repayment terms: Repayment schedules based on business cash flow.
Types of financing: Offers working capital loans, merchant cash advances, and lines of credit.
Fast approval and funding: Decisions can be made in just a few hours, with funding available in as little as 1-3 days.
No collateral required: Unsecured financing options available for most loans.
Flexible repayment terms: Repayment schedules based on business cash flow.
- CrediblyCheck Here
Credibly - – A leading MCA provider offering competitive rates and quick funding with flexible repayment schedules.
Pros
- Quick approval and funding process.
- Flexible loan options with no collateral requirements.
- Transparent fees and straightforward application process.
- Ideal for businesses with irregular or seasonal cash flow.
Cons
- High interest rates, especially for merchant cash advances.
- Short repayment periods compared to traditional loans.
- Not available to businesses with poor credit or limited revenue.
Key Features
Up to $400,000 in working capital loans or lines of credit.
Fast application and approval process.
No collateral required for most loans.
Flexible repayment terms based on cash flow.
Fast application and approval process.
No collateral required for most loans.
Flexible repayment terms based on cash flow.
Why Is Recommended
Credibly is recommended for small businesses that need quick access to working capital with flexible repayment terms. It's especially beneficial for businesses that experience fluctuating cash flow or need a short-term solution.
4.
BlueVine
Offers small business lines of credit and invoice factoring.
Provides access to working capital for businesses.
Provides access to working capital for businesses.
Business lines of credit up to $250,000.
Invoice factoring for faster cash flow, allowing businesses to get paid faster.
Easy online application and fast funding.
No origination fees or prepayment penalties.
Invoice factoring for faster cash flow, allowing businesses to get paid faster.
Easy online application and fast funding.
No origination fees or prepayment penalties.
- BlueVineCheck Here
BlueVine - – Offers both lines of credit and Merchant Cash Advances with fast and easy online application.
Pros
- Quick access to credit and funding.
- Flexible lines of credit and factoring solutions.
- No hidden fees or prepayment penalties.
- High approval rates for businesses with strong receivables.
Cons
- Invoice factoring comes with a fee, which reduces the amount you receive for your invoices.
- Lines of credit may have higher interest rates than traditional loans.
- May require businesses to have a certain amount of monthly revenue to qualify.
Key Features
Lines of credit up to $250,000.
Invoice factoring options.
Fast funding and flexible repayment options.
No origination fees or prepayment penalties.
Invoice factoring options.
Fast funding and flexible repayment options.
No origination fees or prepayment penalties.
Why Is Recommended
BlueVine is recommended for businesses looking for flexible financing options such as lines of credit or invoice factoring. Its quick access to capital and no hidden fees make it a good choice for businesses needing fast, reliable funding.
5.
Square Capital
- Square CapitalCheck Here
Square Capital - – Provides MCA funding directly through Square’s payment processing platform, making it ideal for businesses already using Square.
6.
Fundbox
Fundbox offers lines of credit and invoice financing to small businesses.
Provides quick access to working capital by advancing payments on outstanding invoices.
Provides quick access to working capital by advancing payments on outstanding invoices.
Lines of credit up to $150,000 for qualified businesses.
Invoice financing: Businesses can get paid immediately by advancing funds on unpaid invoices.
Flexible repayment terms: Repayment schedules based on weekly or monthly terms.
Fast approval: Decisions can be made in as little as 3 minutes, and funding is typically available within 1-3 business days.
No hidden fees: Transparent pricing with clear terms.
Invoice financing: Businesses can get paid immediately by advancing funds on unpaid invoices.
Flexible repayment terms: Repayment schedules based on weekly or monthly terms.
Fast approval: Decisions can be made in as little as 3 minutes, and funding is typically available within 1-3 business days.
No hidden fees: Transparent pricing with clear terms.
- FundboxCheck Here
Fundbox - - Provides flexible invoice financing solutions with approval within minutes and a straightforward application process.
Pros
- Quick, simple application process.
- Flexible repayment options.
- No collateral required.
- Can help with cash flow gaps due to unpaid invoices.
- High approval rates for businesses with varying credit histories.
Cons
- High APRs compared to traditional loans, especially for those with less-than-perfect credit.
- Limited to businesses that have receivables (ie, invoice factoring).
- Credit lines may require a personal guarantee or a UCC lien.
Key Features
Up to $150,000 in lines of credit.
Invoice financing with quick access to cash.
Fast approval and funding (within 1-3 business days).
No prepayment penalties.
Transparent pricing with no hidden fees.
Invoice financing with quick access to cash.
Fast approval and funding (within 1-3 business days).
No prepayment penalties.
Transparent pricing with no hidden fees.
Why Is Recommended
Fundbox is ideal for small businesses with unpaid invoices looking to get quick cash to cover immediate operational needs. It's also recommended for businesses that don't have significant collateral or the time to wait for traditional bank loans.
7.
OnDeck
Provides small business loans and lines of credit.
Specializes in quick, flexible financing for business owners.
Specializes in quick, flexible financing for business owners.
Access to business loans up to $250,000 and lines of credit up to $100,000.
Fast approval process, with funding often available within one business day.
Offers fixed repayment terms.
Transparent fees with no prepayment penalties.
Fast approval process, with funding often available within one business day.
Offers fixed repayment terms.
Transparent fees with no prepayment penalties.
- OnDeckCheck Here
OnDeck - : OnDeck offers short-term loans and lines of credit, making it a great option for businesses needing immediate cash flow to finance equipment purchases.
Pros
- Quick approval and funding.
- Flexible terms with no prepayment penalties.
- Can be used for various business needs (working capital, inventory, etc.).
- Loans for both established and newer businesses.
Cons
- Higher interest rates compared to traditional loans.
- Loan requirements (such as minimum annual revenue) may be restrictive for new businesses.
- Loan terms may not be as long as other types of financing.
Key Features
Up to $250,000 in business loans and $100,000 in lines of credit.
Fast application and funding process (often same-day).
Fixed loan terms and no prepayment penalties.
Transparent fees and straightforward terms.
Fast application and funding process (often same-day).
Fixed loan terms and no prepayment penalties.
Transparent fees and straightforward terms.
Why Is Recommended
OnDeck is a strong option for small business owners who need fast, flexible financing with minimal red tape. Its fast approval and funding processes make it ideal for businesses that need quick access to capital.
8.
PayPal Working Capital
- PayPal Working CapitalCheck Here
PayPal Working Capital - – Provides MCA to businesses using PayPal for transactions, offering simple and quick access to funds.
9.
National Funding
National Funding provides small business loans, equipment financing, and merchant cash advances.
Specializes in helping small businesses access capital quickly for a variety of business needs.
Specializes in helping small businesses access capital quickly for a variety of business needs.
Loan amounts: Up to $500,000 for business loans and equipment financing.
Equipment financing: Loans for purchasing or leasing equipment.
Merchant cash advances: Provides capital based on future credit card sales.
Fast funding: Approval within 24 hours and funding within 1-2 business days.
No collateral required for many loan types.
Equipment financing: Loans for purchasing or leasing equipment.
Merchant cash advances: Provides capital based on future credit card sales.
Fast funding: Approval within 24 hours and funding within 1-2 business days.
No collateral required for many loan types.
- National FundingCheck Here
National Funding - : National Funding offers equipment financing solutions that are specifically tailored to small businesses, with flexible terms and a fast application process.
Pros
- Fast funding process with minimal documentation.
- Available for businesses with lower credit scores.
- Offers both business loans and equipment financing.
- Merchant cash advances based on sales, so no collateral required.
Cons
- Higher interest rates compared to traditional loans.
- Loan amounts are often smaller for businesses with lower revenue or weaker credit.
- Merchant cash advances may not be suitable for all businesses due to high fees.
Key Features
Up to $500,000 in loans or equipment financing.
Merchant cash advances based on future credit card sales.
Fast approval and funding (1-2 business days).
No collateral required for many financing options.
Merchant cash advances based on future credit card sales.
Fast approval and funding (1-2 business days).
No collateral required for many financing options.
Why Is Recommended
National Funding is a good option for businesses that need quick access to capital and have less-than-perfect credit. It's particularly useful for businesses that need equipment or merchant cash advances and can benefit from fast, flexible funding.
10.
Merchant Cash and Capital
- Merchant Cash and CapitalCheck Here
Merchant Cash and Capital - – Offers personalized service and funding options tailored to the unique needs of small businesses.
Conclusion
Merchant Cash Advances can be a valuable funding solution for small businesses that need quick access to cash but may not qualify for traditional loans. By offering flexible repayment terms tied to daily credit card sales, MCAs provide businesses with the financial flexibility to grow and manage cash flow. Whether you're looking for fast funding, minimal paperwork, or flexible repayment options, the 10 companies listed above are some of the best providers in the industry.