Question 1

Is a merchant cash advance a loan?

Accepted Answer

No. An advance is the purchase of a fixed amount of your future receivables at a discount. There is no interest rate in the traditional sense — the total is set up front through a factor rate, and remittance is tied to your sales.

Question 2

What does it cost?

Accepted Answer

Advances are priced with a factor rate, typically 1.15 to 1.49 depending on time in business, deposit consistency, industry, and term. A $50,000 advance at 1.25 means $62,500 total remitted. You see the full number before you sign — never a moving target.

Question 3

Will my credit score disqualify me?

Accepted Answer

Rarely. We weigh deposit history and revenue consistency far more heavily than FICO. We routinely fund businesses with scores in the 500s and prior declines elsewhere.

Question 4

How fast can I be funded?

Accepted Answer

Most complete applications receive a decision the same business day, and funds commonly land within 24 to 48 hours of signed contracts.

Question 5

What documents do I need?

Accepted Answer

A one-page application, three months of business bank statements, and a voided check. Larger requests may call for a sixth month, a P&L, or an A/R aging report.

Question 6

Can I renew or take additional capital later?

Accepted Answer

Yes. Most clients become eligible for a renewal once roughly 50% of the advance has been remitted, usually at improved terms after a clean payment history with us.

Question 7

Are there prepayment penalties?

Accepted Answer

No penalties. Many of our programs include an early payoff discount — call your account manager before you pay off and we will quote it in writing.

Question 8

Do you take a personal guarantee or collateral?

Accepted Answer

Advances are unsecured and typically require only a performance guarantee, not a personal guarantee of repayment. Equipment financing is secured by the equipment itself.

The questions owners ask before they sign

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