Restructure Your High Interest MCA Loans

Merchant Cash Advance Loans can look like a really great option, but if you don’t meet all the criteria, it can end up a nightmare.

If you miss one or more of your MCA payments, you are considered in default. Defaulting on a merchant cash advance is usually considered a breach of contract. As a result, defaulting on payments means the MCA funder can pursue getting that money from you and your business.

So, are you a business owner that has a daily payment merchant cash advance loan that you would like to refinance?  Would you like to consolidate your daily payment working capital loans or multiple daily payment working capital loans into a monthly longer-term business loan?  

One of our core products is the MCA buyout loan or Merchant Cash Advance buyout loan. This loan is designed only to buy out your existing merchant cash advance daily payment loans into a monthly longer-term loan.  Our investors will analyze your situation and can save you over 50% + by restructuring the loan over the long term.   

Most clients have these daily payment loans because either their credit score was low, their profit margins were low or their business was new.  We have the solution saving you 50% or more by consolidating the financing and stretching out the term giving you more breathing room and a lower monthly cost of business working capital.

To qualify for one of our buyout programs you must meet the following criteria:

  •  Credit must be above a 600 FICO score
  •  No recent bankruptcies or repossessions in the last 12 months
  •  Business must be generating at least a minimum of 300k annually and have at least 1 current MCA
  •  MCA buyout loans can be secured (with assets) or unsecured (no assets) depending on the situation
  •  At least 1 year in business
  •  If additional capital is requested above the MCA buyout then the client must have accounts receivable, contracts or collateral in some cases. (We need to show that you can support payments if additional funds are disbursed)

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

What You Need to Have for Merchant Financing Approval

The application process for merchant financing is quick and easy — far from the complicated and long process of traditional small business loans. Once your financing is approved, you can typically receive the money in your bank account within one to two business days. Check out the requirements below to determine if you can get approved for an MCA.

Financial Documents

To get started, fill out an application online or call Clarify Capital at (877) 838-3919. You’ll then be matched with a dedicated adviser who will walk you through the entire process. Here are the general requirements and documents we may request:

  • Your Social Security number or employer identification number (EIN)
  • Bank statements, credit card statements, or payment processing data from the last three months
  • Tax returns
  • Financial statements, such as a balance sheet or a profit and loss (P&L) statement
  • Length of Time in Business
  • Loan providers use the length of time you’ve been in business to assess your creditworthiness and their risk of not getting paid. An established business typically translates to lower risk on their part. To qualify for a merchant financing loan, most lenders require that you’ve been operating for at least six months.

Monthly Income

Lenders look at your monthly income to determine if you have the cash flow to pay them back. They also use it to calculate your loan amount. Most MCA providers ask that you have at least $10,000 in monthly revenue. Obviously, if you’re bringing in more than the minimum requirement, your chance of getting approved for a larger amount is also higher.

Credit Rating

Your credit rating represents your payment history, the amount of debt you have, and the length of your credit history. As a business owner, you should continually monitor your personal credit score because it’s one of the factors lenders check whenever you apply for loans.

Debt-to-Income Ratio

The debt-to-income ratio is a metric used by financial institutions like banks to compare the amount of debt you have against your overall income. MCA companies use the debt-to-income ratio to measure and calculate what you can reasonably afford to pay. As a result, someone with a lot of debt is usually considered a riskier applicant. Ideally, lenders want borrowers to have a low debt-to-income ratio because it means they’re more likely to make their monthly payments on time without difficulty.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Getting your business funded in time for the holidays

The holidays arrive in a mad rush of events, with everyone preparing for festivities and shopping for gifts. No matter what type of business you own, they’re a time when you can up your profits and reach new customers.

Small Business Saturday attracts new customers every year, with around 43 percent of consumers shopping and eating at independent small businesses in their area. For many small businesses, the last two months of the year are the most profitable. Preparing your small business for the holiday season is a good investment of time and resources. Here are three great ways to get ready.

1. Ramp up Content Marketing

Content marketing is one of the most effective forms of marketing online. Content gets three times the leads as outbound marketing. The cost is also less than half that of outbound marketing. One way to prepare for the holidays is by getting your holiday-themed content pieces in place well before the holiday shopping period hits.

Content that ties into the holidays includes gift giving guides, tips for surviving the holidays and more. Tie these ideas into your product and other features that show the advantage of your product or service during the holidays.

2. Design a Festive Storefront

If you own a brick and mortar store, take a step back and consider how the storefront appears as foot traffic passes. While traditional elements tug on the emotions of people, you also want your storefront to stand out from the crowd. Incorporate your top holiday products so that people see items that would make perfect gifts for their family and friends.

3. Utilize Social Media


Yes, there’s a lot of noise on social media, and people are paying a bit less attention to marketing on there. However, if you come up with a campaign that’s interesting enough, it’s still an inexpensive and effective way to advertise. You have a couple of options with social media. You can spend most of the year building your following so that you can market to them when the holidays arrive, or you can spend money on ad placements and hit the exact target audience you want to gain new leads.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

How Do Private Funds Provide Capital?

A fund is an entity created to pool money from multiple investors—often referred to as limited partners. Each investor makes an investment in the fund by purchasing an interest in the fund entity, and the adviser uses that money to make investments on behalf of the fund. Traditional venture funds typically invest in businesses in exchange for equity and some firms specialize in particular industries or in companies at a certain stage (for example, early, mature, or later stage).

A private investment fund is an investment company that does not solicit capital from retail investors or the general public. Members of a private investment company typically have deep knowledge of the industry as well as investments elsewhere. To be classified as a private fund, a fund must meet one of the exemptions outlined in the Investment Company Act of 1940. The 3C1 or 3C7 exemptions within the Act are frequently used to establish a fund as a private investment fund. There is an advantage to maintaining private investment fund status, as the regulatory and legal requirements are much lower than what is required for funds that are traded publicly.

The Four Main Types of Private Investors

1. Friends and Family

Friends and family are often the first private investors that startups and small businesses turn to. They’re a great resource for seed funding and startup money, as friends and family already have that base of trust and involvement that founders usually have to build from scratch with other private investors.

2. Angel investors

Angel investors are private investors that are wealthy individuals who invest in startups, usually at the early stages. Sometimes angel investors pool their money with other angel investors, forming an investor pool.

The typical angel investor is someone who’s net worth is likely in excess of $1 million or who earns over $200,000 per year. Incidentally, those look a lot like the credentials of an accredited investor.

Realize, though, that the angel investor is playing with their own money — not invested capital — so even though they may be a high net worth individual, they are private investors that are still looking at money coming out of their personal bank account.

3. Venture capitalists

Contrary to popular mythology, venture capitalists are just regular people who make bets on big opportunities like anyone would in the stock market.

One way that they’re different from “regular people,” however, is the fact that they work for venture capital firms. Unlike angel investors, they are private investors that are not investing their own money, but rather the money of their employer. They do everything in their power to make sure their bets pay off, but ultimately, even the best ones miss far more often than they hit.

A venture capitalist is charged with finding a relatively small number of investments (usually less than a dozen per year) to make over a seven to 10 year period. While the venture capital firm may look at thousands of deals in a given year, they can only pick a handful of deals to pursue.

4. Private equity firms

Unlike just about every other type of capital, private equity isn’t really associated with startup capital – it’s associated with growth capital. Private equity is a type of investment typically reserved for companies that have already grown to a larger size and are looking for a particular growth or exit strategy that isn’t available through traditional financing.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

How to Get Around Underwriting with Private Investments

DId you know that you can get around underwriting with private investment in venture capital? 

First of all, what is underwriting? 

Underwriting simply means that your lender verifies your income, assets, debt and property details in order to issue final approval for your loan. An underwriter is a financial expert who takes a look at your finances and assesses how much risk a lender will take on if they decide to give you a loan.

What is private investment fund?

A private investment fund is an investment company that does not solicit capital from retail investors or the general public. Members of a private investment company typically have deep knowledge of the industry as well as investments elsewhere. There is an advantage to maintaining private investment fund status, as the regulatory and legal requirements are much lower than what is required for funds that are traded publicly.

What is Venture Capital?

Venture capital (VC) is a form of private equity and a type of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential. Venture capital generally comes from well-off investors, investment banks, and any other financial institutions.

However, it does not always take a monetary form; it can also be provided in the form of technical or managerial expertise. Venture capital is typically allocated to small companies with exceptional growth potential, or to companies that have grown quickly and appear poised to continue to expand.

Wondering if this is the right fit for your business?

Unsecured Finances is made up of seasoned experts in the financial field. You can speak with anyone on our team about whether this is the right move for your business and how the process works. Give us a call!

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Why should you start stocking up your holiday inventory now?

This year, many businesses are throwing the just-in-time strategy out the window and instead stockpiling inventory to make sure they have enough product on hand.

Holiday Basics

1.    Holiday Cards: It’s never too early to order business holiday cards. If you’re sending paper cards, it’s recommended to mail them by December 1 to avoid the deluge of other cards, or even sending Thanksgiving cards if time permits.

2.    Corporate Gifts: Considering sending a gift to a top-tier client or vendor? Check the recipient’s gift policy first. Larger corporations likely have strict guidelines on employees receiving gifts from vendors, suppliers and partners. Once you have that information, make your list and order early to ensure timely delivery. Look for retailers that offer free shipping so you don’t end up with another “to-do” on your list and more cash out of your pocket.

3.    Gift Cards: According to data from the National Retail Federation, gift cards are the most requested gift item — for the eighth year in a row. Capitalize on this trend by offering your customers the option to “gift” from your business. 

4.    Ribbons, Wraps, Bags & Boxes: PeraDice Cards & Gifts in Sacramento, CA, always has gift wrapping supplies on hand. Investigate the cost savings and convenience of buying in bulk, and be sure to include everything you need, such as tape, tags and scissors to go with your paper, bags and bows. 

5.    Shipping Supplies: Even if your business doesn’t regularly do shipping, chances are you’ll need to ship something during the holiday season. Make the task a simple one by stocking a supply of shipping materials like boxes, Bubble Wrap® or peanuts, shipping tape and labels. And make life easier by looking for vendors you already work with that might also offer convenient shipping options. The more you can do at places you already go, the better for your time management.

6.   Decorations: Show your holiday spirit by decorating inside and outside your business. But consider your space and traffic when choosing decorations. And remember that not everyone celebrates Christmas; your decorations can be inclusive of other holidays without losing any festive spirit.

Back Room & Breakroom Basics

Your employees feel the pressure of the holiday season, too. Stock up on breakroom and back room supplies to increase their comfort and productivity:

1.    Snacks, Coffee and Water: It’s important to keep your staff happy, unstressed and motivated. Supply them with good food and beverages. For a special treat, she recommends ordering in lunches on particularly busy days.

2.    Hand Sanitizer and Wipes: Unfortunately, the holiday season coincides with flu season. Keep plenty of hand sanitizer and wipes close by so your employees stay healthy and productive.

Business Basics

1.    High-Use Office Supplies: The last thing you need is to run out of critical supplies like cash register tape or paper for the copier. Take inventory now of the supplies you use the most and stock a little more than usual to be on the safe side.

2.    Technology Upgrades: If the holidays aren’t your busy season, they can be the perfect time to upgrade office technology like printers, computers, tablets and cell phones. The lower work volume means problems, bugs and delays will have less impact on your operation.

3.    Updated Accounting & Tax Software: Chances are good there are changes to the tax laws for the coming year. Hodges recommends purchasing up-to-date tax and accounting software before the start of the new year to ensure a fluid transition.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Get $100,000 to stock up your business for the holidays

The holidays come fast, especially when you work in retail. Make sure you are properly stocked up in time for those holiday shoppers, and that you are taking all the right steps to mark your products. This is where an investment in your business will only serve to benefit you. Imagine how you could make the most of the holiday shopping season with a business loan of $100,000 or up to $5 million?

To capture consumer demand and avoid supply chain mishaps, calculate how much money to allocate to holiday inventory by reviewing sales numbers from prior years and carefully consider this year’s predicted consumer habit of shopping before peak season. Err on the side of buying your bestsellers earlier—and in smaller, risk-averse quantities—to account for both demand and potentially irregular lead times.

It’s also worthwhile to ensure your online presence offers information about your business and how you got started. With more customers looking to shop small and support businesses that reflect their values, providing an origin story on your website is a great way to appeal to new customers.

Gift guides can be a powerful sales tool this time of year, especially since 90% of North American consumers are willing to try new brands during the holiday season. This appetite for discovery allows you the opportunity to surprise and delight customers by introducing them to unique gifts from your store. One easy way to showcase these products is by putting together a holiday gift guide.

To determine how to categorize your holiday gift guides, consider your target customer. Think about who they’re shopping for and what values are important to them. Then, factor in your holiday inventory strategy. Your holiday gift guides don’t have to consist of completely new, holiday-specific products. Instead, they can be curated in a way that best fits your catalog of products. 

A great way to engage new customers and build strong relationships with repeat customers is email marketing, which can be another valuable tool in building your business’s online presence. If you haven’t yet, find a way to collect email addresses from your customers, whether it’s a sign-up sheet at your store or a form on your website. Templates can be a huge time-saver, and it’s easier than you think to master the nuances of what kinds of emails to send. Emailing your patrons regularly keeps your business top of mind and is an easy way to drive traffic straight to your e-commerce site. It’s also another avenue to advertise any current sales or curated holiday collections. 

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

What Can You Use a Merchant Cash Advance For?


Debt doesn’t have to be a scary word, especially in the business world. Although you need to be mindful not to carry too much debt, borrowing money can also help your business succeed. Here are a few ways you can use an MCA to meet your current business needs or expand your operations.

Inventory Needs

As a business, you need products to make sales. Buying inventory in bulk can save you money through discounts, but it can use up most of your capital. Instead of depleting your cash reserve, you can use an MCA to stock up, update your product lines, and meet customer demand.

Unexpected Costs

When emergencies and unanticipated expenses arise, they can wreak havoc on a business’s cash flow. An MCA offers a way for your company to access cash quickly. It’s an excellent option for short-term relief so you can take care of your needs promptly.

Pandemic Assistance

Short-term relief has been essential for business owners during COVID19. Some business owners have had to buy expensive PPE to keep staff safe, while others have experienced a change in revenue. If you’re experiencing hiccups in your business cycle due to coronavirus, you may be eligible for a pandemic loan.

Making Payroll

Finding the right talent is half the battle of running a successful company. Having to let staff go prematurely can hurt a business’s bottom line. Financing helps owners avoid unnecessary layoffs and furloughs.

Purchasing and Renting Equipment

Getting equipment can be expensive. To avoid eating up cash reserves, owners have the option of financing their purchase rather than buying machinery out-right. Using a merchant loan can help you avoid tapping out your cash buffer. That way, you still have a financial safeguard for the ups and downs that come with running a business.

Commercial Rent

Maintaining a physical store location often comes with a whole slew of additional fees and expenses. When revenue temporarily dips, additional funds can help you make rent on time.

Operational Costs

Working capital refers to everyday business operating expenses, such as rent, wages, and utilities. An MCA can help you catch up on temporary cash flow gaps so you can pay your rent and bills on time to avoid late fees or have enough money to pay your employees.

Growth and Expansion

You can also use borrowed funds to grow and expand your business. Whether you need to purchase equipment or hire new staff members, you can use an MCA to make it happen. Invest in your business and stay ahead of the competition.

Taxes

Sometimes, owners run into the issue of owing more than expected come tax season. When in a bind, MCAs are a good option for bridging short-term cash flow gaps. Instead of using your nest egg to pay the IRS, you can repay owed funds with a portion of your future sales.

Onboarding Employees

Bringing new staff members on is no cheap feat. Business cash advances can be used for training hires and securing top talent. Investing in the right employees can help small businesses achieve larger initiatives.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

How do I get the big bucks for my business?

Funding should never stand in the way of your business concepts and goals. After the insane past few years, it might seem to be more difficult to get the funding you need to grow your business, but after speaking to our financial professionals, you will have options for getting up to $5 Million Dollars in funding. Sounds like a dream, huh?

If you are trying to jump into some of those businesses that require a little more funding to get started – restaurants, transportation companies, auto repair shops ,you could benefit from a Merchant Cash Advance that could provide up to $5 Million Dollars in funding for your business. 

What Is a Merchant Cash Advance?

A merchant cash advance (MCA) provides a business cash upfront in exchange for a percentage of its future sales. It’s an alternative financing option for business owners to get funding without collateral or personal credit requirements. An MCA is also called a credit card processing loan because it’s commonly utilized by companies that accept payments through a business merchant account.

As the name suggests, MCA isn’t a loan but an advance based on a company’s creditworthiness, future sales, and past debit card and credit card sales. When you apply for an MCA, you and the lender agree on an advance amount, a payback amount, and a holdback percentage. The agreed-upon holdback percentage is withheld from your daily sales as payment and the holdback percentage will apply until your balance is paid in full.

The payback amount will depend on a factor rate set by the lender based on their risk assessment of your company’s creditworthiness. The factor rate is inclusive of fees and interest rates; you multiply the cash advance by the factor rate to get your total repayment amount. The higher the rate, the higher you pay.

Repaying an MCA back depends on your daily revenue. Thus, with more sales, you can pay back the advance faster. You’re not obligated to pay more if you’re experiencing low sales but it does prolong the repayment period.

What Types of Businesses Use Merchant Financing?

Merchant financing is best for businesses looking to fund a profitable opportunity to generate revenue, like the bulk purchase of quick-turnaround inventory. An MCA is also a great financing option for companies that are borrowing to expand their operating capacity through the acquisition of machinery or to bring in extra help during peak season. Businesses that utilize merchant financing include:

  • Retailers, distributors, and suppliers
  • Transportation companies
  • Service-based businesses, like hair and nail salons
  • Bars and restaurants
  • Specialty trades
  • Auto repair shops

An MCA is a great option for businesses that process a high volume of credit card transactions. Before taking on any business financing, make sure you understand the costs associated with your loan. In addition, ensure you have enough cash flow to make payments, especially since an MCA needs to be paid back daily.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

How to Fund a $5 Million Dollar Business Concept

Got a big business concept brewing but worried about the funds it takes to get it moving? With all the business owners pivoting into new and more profitable industries, and people looking to make a career change and take the leap into owning a business, funding should never stand in the way.

Got a big business concept brewing but worried about the funds it takes to get it moving? With all the business owners pivoting into new and more profitable industries, and people looking to make a career change and take the leap into owning a business, funding should never stand in the way. 

After a pandemic that has caused a financial disruption across the board, many business owners are trying to find new ways to get the funding that they need to put their business plans into action. Especially if you are trying to jump into some of those businesses that require a little more funding to get started – restaurants, transportation companies, auto repair shops. For these bigger business plans, you could benefit from a Merchant Cash Advance that could provide up to $5 Million Dollars in funding for your business.

What Is a Merchant Cash Advance?

A merchant cash advance (MCA) provides a business cash upfront in exchange for a percentage of its future sales. It’s an alternative financing option for business owners to get funding without collateral or personal credit requirements. An MCA is also called a credit card processing loan because it’s commonly utilized by companies that accept payments through a business merchant account.

As the name suggests, MCA isn’t a loan but an advance based on a company’s creditworthiness, future sales, and past debit card and credit card sales. When you apply for an MCA, you and the lender agree on an advance amount, a payback amount, and a holdback percentage. The agreed-upon holdback percentage is withheld from your daily sales as payment and the holdback percentage will apply until your balance is paid in full.

The payback amount will depend on a factor rate set by the lender based on their risk assessment of your company’s creditworthiness. The factor rate is inclusive of fees and interest rates; you multiply the cash advance by the factor rate to get your total repayment amount. The higher the rate, the higher you pay.

Repaying an MCA back depends on your daily revenue. Thus, with more sales, you can pay back the advance faster. You’re not obligated to pay more if you’re experiencing low sales but it does prolong the repayment period.

What Types of Businesses Use Merchant Financing?

Merchant financing is best for businesses looking to fund a profitable opportunity to generate revenue, like the bulk purchase of quick-turnaround inventory. An MCA is also a great financing option for companies that are borrowing to expand their operating capacity through the acquisition of machinery or to bring in extra help during peak season. Businesses that utilize merchant financing include:

  • Retailers, distributors, and suppliers
  • Transportation companies
  • Service-based businesses, like hair and nail salons
  • Bars and restaurants
  • Specialty trades
  • Auto repair shops

An MCA is a great option for businesses that process a high volume of credit card transactions. Before taking on any business financing, make sure you understand the costs associated with your loan. In addition, ensure you have enough cash flow to make payments, especially since an MCA needs to be paid back daily.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584