An MCA is an advance based on a business’s future sales. A portion of the business’s future revenue is purchased at a discounted rate, providing the business with an upfront lump sum, which is repaid through daily or weekly deductions from its sales.

How It Works:

  • The business receives funds quickly without the need for collateral.
  • Payments are linked to the business’s daily or weekly sales.
  • The financed amount, repayment rate, and term are determined based on the business’s revenue, time in operation, and other factors.

Eligibility Criteria for MCA:

  • Credit Score: FICO score of 500 or higher.
  • Time in Business: At least 6 months in operation.
  • Monthly Revenue: $10,000 or more in the last 3 months.
  • No Tax Liens or Open Bankruptcies: Any existing tax liens or bankruptcies must be resolved.
  • Industry Restrictions: MCA is not available for industries like gambling, adult entertainment, and narcotics.

Documents Required for MCA Submission:

  • Business Bank Statements: Last 4 months of bank statements (sometimes we need month-to-date statements).
  • Voided Check: Proof of the business bank account.
  • Personal Identification: Clear copy of the business owner’s driver’s license.

Reasons for MCA Denial:

  • Negative balance in the business bank account at the time of submission.
  • Frequent non-sufficient funds (NSF) days or significant discrepancies between bank statements and business revenue.
  • Other undisclosed debt obligations or an undeclared open MCA.

When an MCA is Required:

  • Need for Speed: An MCA is ideal for businesses that need quick access to capital, especially those with fluctuating revenues.
  • Flexible Use: When a business needs funds for general purposes, such as buying inventory or covering immediate expenses.
  • Lack of Collateral or Poor Credit: If the business cannot provide collateral or has poor credit, an MCA is an ideal option due to its flexible requirements.

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    FAQ

    Requirements vary depending on the loan type. Generally, a minimum credit score of 620 is required, though we offer options for borrowers with no credit history in the U.S. Additionally, some products do not require proof of income or employment.

    Approval can take anywhere from 48 hours to 5 days, depending on the type of loan and the documentation provided. Our team works to expedite the process and keep you informed at every stage.

    Yes, we offer loans specifically designed for foreign investors interested in properties in the U.S. These loans do not require proof of income or employment and can be closed under an LLC or company.

    We finance a wide range of properties, including residential, commercial, land, and rental properties. We also offer financing for ground-up construction projects and renovations.

    Loan amounts vary by type and product. For example, we offer loans for rental properties up to $2.5 million and commercial loans up to $5 million.