Choose Quick Business Funder for your business.
Why our clients choose Quick Business Funder over traditional lenders?
Our merchant cash advance (MCA) financial product provides funding based on your business’ sales volume, while commercial funding is offered at a fixed amount. MCAs are paid back by a percentage of your business’ sales while commercial lending is paid back on a set monthly installment schedule.
In the past, a merchant cash advance was typically used in businesses that primarily relied on revenue from credit and debit card sales. But merchant cash advances have evolved. They are now available to other businesses as well. Whether or not your business relies heavily on credit card or debit card sales does not matter! You still have access to the funds a merchant cash advance can offer. You can also get an upfront sum of cash in exchange for a percentage of your future sales.
Merchant cash advance fees
How much you’ll pay in fees is based upon your ability to make repayment on the merchant cash advance you receive. A factor rate is determined based on your risk assessment. The higher the factor rate or risk you are, the higher your fees will be.
Minimum requirements
- 6 months in business
- Past 3 months’ bank statements
- $6,000 in monthly revenue