Merchant Cash Advance
In today’s fast-paced market, speed and flexibility are crucial for growing businesses. While business loans have long been a preferred source of financing, they do little to satisfy these needs. A merchant cash advance (or revenue advance) is a business funding option that is much quicker and easier to secure than a traditional business loan. This solution also allows businesses to focus on growth in the present instead of waiting to acquire resournces.
After reviewing the state of the business, our funding experts will first determine the amount of funding it qualifies for. Next, our team will present all available options while helping clients make the most beneficial choice. Moby Capital can provide up to $5M in funding — which sets us apart from most industry competitors — and can have the money in the business’ account within one day in many cases. Rather than requiring repayment within a fixed timeframe, merchant cash advances simply deduct a small percentage of the business’ future sales until the agreed amount is fully repaid. This allows businesses to secure necessary funding quickly and easily without hindering growth in the present. It also affords seasonal businesses with additional flexibility, as they won’t be tied to a high interest rate during slower months. Lastly, MCAs usually come with prepayment discounts for merchants who pay off their balances early.
*MobyCap is not providing funding to new/startup companies at this time. We require a business to be operational for at least one year and generating at least $50k per month in order to do so.
Frequently Asked Questions:
A merchant cash advance is an alternative to business loans that — rather than tying the merchant to a hefty interest rate — simply deducts a small percentage future sales until the debt is repaid.
First and foremost, merchant cash advances take a small percentage of future revenue until the debt is repaid, rather than tying the business to a high interest rate over a period of time. MCAs are also much quicker and easier to apply for than small business loans, allowing the merchant to focus on growth in the present.
Rather than an interest rate, MCAs attach a fixed cost of capital to the borrowed amount that is related to the state of the business. MobyCap works directly with each client to ensure they receive the most competitive rates available to them every time.