A merchant cash advance, also known as a business cash advance, is financing based on your future credit card receivables. This type of merchant financing is repaid on a daily basis as a percentage of your credit card sales. Therefore, if your sales are high, your advance is paid off faster and if sales are lower, your payment is lower.
A merchant cash advance can help with:
RapidAdvance is here to help you find the exact financing solution to fit your needs. Our dedicated Business Advisors are with you at every step, making the process fast and easy. Here are just a few benefits of working with us:
Repayments are based on a percentage of daily credit card sales, so we only make money when you make money
Apply online or over the phone in minutes, get approved in a few hours and access funds in as fast as one day!
Get up to 250% of your monthly credit card sales volume in one lump sum to take care of the things you need for your business.
This is a great solution for businesses with fluctuating or seasonal sales or those trying out new products or marketing opportunities.
Just like any other means of financing, there are a couple questions to consider before applying for a merchant cash advance:
Knowing the answers to these questions will allow our Business Advisors to better serve your unique funding needs.
For most businesses, you just need to have been in business for at least a year and make at least $5,000 a month in revenue. But we also offer more options.
Businesses with as few as three months of credit card sales volume are able to apply. You may be qualified for up to 50% of your monthly average credit card sales volume in funding. After you're paid off, you may qualify for more capital on better terms.
Been around longer and want to be treated like it? If you’ve been in business for longer than three years, we’ll offer you lower cost options.
You only need four things to get started:
It’s really that simple. Get started online or give us a call at 1-(800) 756-3021. After that, you’re just a few hours away from approval. And upon approval, you’ll be able to access the funds in as little as one day.