Merchant Cash Advance (MCA) Services for Small Business
Merchant Cash Advance is one of the quickest and easiest way for any business, small or large, to gain access to additional funds quickly.
MCA is not a loan, but rather uses the merchant account credit card sales and balance to provide an advance.
Since MCA is not a loan there is not an interest rate. There is only a small service fee that depends on the amount and an overall risk assessment.
Merchant cash advances are very quick to secure, its not uncommon for the entire process, from application to approval, to take less than a day, and many times, only a few hours.
Our Experienced Team at BlueSky Capital Funding are loan specialist for small business who act quick and get you the best deals on the market. Don’t delay and don’t let your business suffer from lack of funds. For a free quote contact our loan and advance specialist today.
Merchant Cash Advance FAQ:
How can A merchant cash advance be used?
- Additional Cash Flow
- Cover Unexpected Payments
- Purchase Inventory
- Seasonal Costs
- Expand business or services
How long does it take to get approved for a merchant cash advance?
Our small business advance specialist at BlueSky Capital Funding can get your business approved in less than 1 day! The process is very short, about a 1 page, application.
Where does BlueSky Capital funding offer its services?
Blue Sky is licensed to operate in all 50 states including:
- New York
- New Jersey
With corporate offices in:
- El Paso, TX
- Long Island, NY
- Manhattan, NY
- Queens, NY
- Philadelphia, PA
Do I need good credit to get approved for a Merchant Cash Advance?
Not necessarily, Since MCA services for small businesses are not a loan then good credit will not determine eligibility.
What industry are merchant cash advance services popular?
The retail industry uses merchant cash advance services a lot, but nearly any type of small business from any industry that uses a merchant account can qualify.
Can my new business qualify for a merchant cash advance?
Yes, even new businesses or businesses with short operation histories can qualify for merchant cash advances.
How long do merchant cash advances have to be paid back?
Depending on the amount of credit card sales on the merchant account, the advances can be paid back usually between 3-12 months.
What is a Merchant Cash Advance Factor Rate?
Merchant cash advances use something called a factor rate, usually between 1.2 and 1.5, that determines the cost of the advance. The factor rate is based on your business risk assessment, and the lower the number, the lower the MCA fee.