Best Connect Capital (800 515-4126

800 515 4126

MERCHANT CASH ADVANCE

Best Connect Capital, Inc. | 800.515.4126

MERCHANT CASH ADVANCE

Our most popular program, the MCA or revenue-based financing allows a business to get real cash into their account within 24 hours. Unsecured, non-bank business funding makes it easy to achieve capital and grow your company. Requirements are 3 months business bank statements, an application, and at least $10,000 per month in consistent revenue.

MERCHANT CASH ADVANCE FOR BUSINESS OF ALL SIZES

Often small businesses require money for paying expenses like repairs, salaries and making stock purchases. Applying for a business advance from a bank or other lender is often time consuming. Also, banks may not lend money to businesses which do not have a good credit score. Hence businesses which has consistent monthly revenue in sales, will find it convenient to apply for a merchant cash advance (MCA). The process of applying for a MCA is simple and quick, and there are many benefits of applying for an MCA for Small Business Financing which are described below.

FOR A MERCHANT CASH ADVANCE

The funder will give a cash advance to the business if the business meets certain qualifying criteria. One of the main requirements is that monthly gross business revenue should be above a specified amount, typically $10,000. The MCA is available to well established businesses, the business should be at least six months old. The funder will also fix a factor rate for the cash advance, and the business will have to repay the MCA amount X factor rate. For repayment, the funder will usually deduct a percentage from the daily business sales directly, typically the percentage varies between 10-20%. So, the business can repay the advance depending on the sales.

BENEFITS OF MCA

Since the MCA repayment is linked to sales, there is more flexibility for repayment of the cash advance for the business, especially businesses with seasonal sales. The processing time for the cash advance is far less than the bank, usually 24 hours or less, so it is preferred by businesses which require the advance quickly. The funder will also not focus on the credit score, they are more interested in the sales history for the business, making it ideal for pre-existing businesses. Also, no collateral is required.

WHAT IS A MERCHANT CASH ADVANCE?

A merchant cash advance is a fast-funding product that will generally allow a business to get funding out to 10-20% of their annual revenue. Capital can be wired into your business checking account in as little as 24 hours from the time you apply. There is no collateral, and it is not a credit driven product (although a better FICO always helps). Programs are based off revenue, business performance, and background. $10,000 per month is minimum revenue. Pay back is set up with an automatic ACH, split, or lock box.

*All for-profit companies in the United States may apply for an MCA. Your business must be existing for at least 6 months.

MORE INFO

You receive funding for your business right away, no collateral. Banks take weeks sometimes months to provide capital, and many business owners don’t even have the luxury of qualifying with a bank. It’s a chance for businesses to grow with large sums of cash available.

INSTRUCTIONS

Fill out the questionnaire and send 4 months of business bank statements. If your business processes credit cards you may also send 2 months of credit card statements as well. If you are a seasonal business send us 12 months of bank statements.

FUNDING BY STATE

Each state varies with certain lending laws in effect, but the good news is we aren’t giving you a collateralized business loan. We are giving you an advance which is a purchase agreement of your future receivables. Payback is calculated on a monthly remit %’age rather than an APR like that of a bank. Also, unlike a bank the capital is unsecured, and interest is tax deductible. With that being said we fund all 50 states utilizing the appropriate investing partner(s). Some investors may not be available in certain states, but we have at least 3 partner investors for any state. We also can fund Canada, Puerto Rico, various places south of the U.S border, and South Africa to qualified businesses.

PREFERRED INDUSTRIES

What makes us a great, and effective company is that we can provide funding for all for-profit industries in the United States. Certainly, we reserve the right to deny service to any business we find unethical or inappropriate, but we’re here to help build America!

OUR PREFERRED INDUSTRIES OUR RISKIER INDUSTRIES RESTRICTED INDUSTRIES
Medical Related Trucking Would be Banks
Dental Logistics Other Funding Institutions
Construction Real Estate Non-Profit Entities
Wholesale Night clubs  
Retail Car dealers  
Manufacturer Bail bonds  
Staffing    
Autobody Shop    
Landscaping    
Restaurants    
Pharmacy    
Salon    
We do have specialty programs for law firms, ask about funding for lawyers if you’re an attorney!

CALL TODAY (800) 515-4126