Merchant Cash Advance

Funding priced off your daily receipts

You sell us a stated dollar figure of future receivables and we pay you a smaller figure for them now. From the next business day, an agreed share of what settles into your account comes to us until that stated figure has been delivered in full. There is no principal, no accrual and no due date, because nothing has been lent — a receivable has changed hands.

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$10,000 – $750,000Amount advanced
3 – 18 months, set by sales volumeTerm
Decision in about two hours, funded in 24 to 48 hoursFunding speed

A card terminal on a busy counter mid-transaction

Terms

Every number on this product, in one place

Amount advanced: $10,000 – $750,000
Cost: A single factor rate, agreed before any money moves
Remittance: A fixed share of daily card settlements or daily bank deposits
Expected term: 3 – 18 months, moving with sales volume
Decision: About two hours once the file is complete
Funding: Wired 24 to 48 hours after signature

How it works

What changes hands when you sign

You are selling an asset you already own — receivables you have not collected yet — at a discount, for cash today.

You are selling something, not borrowing it

Think of it as selling an asset rather than taking on a liability. The asset is a slice of the money your customers will pay you over the coming months; the price we pay for it is less than its face value, and that discount is our entire return on the transaction. Ownership moves at signature and the deal is complete at that moment. Nothing is borrowed, so nothing can accrue and nothing can fall due. Every other feature described on this page follows from that single fact.

Which is why there is no interest rate

Interest is the price of time, and time is not what you are buying. The price here is a factor rate: one multiplier applied once to the amount advanced. Multiply the two together and you have the entire obligation in dollars, fixed at signature. It does not compound, it does not accrue overnight, and it does not grow if delivery runs three months longer than anyone expected.

Collection tracks what the business actually takes

An agreed share of each day’s card settlements, or of the deposits landing in your business account, comes to us automatically. Strong days send more; slow days send less. That is not a concession, it is the mechanism — and when the purchased figure has been delivered in full, collection simply stops without anyone having to remember to stop it.

And the decision is made on your bank account

We read statements before we read anything else: how much arrives, how often, and what the balance looks like in the gaps. Credit is reviewed and we publish the floor rather than hiding it, but a 690 score on an erratic account is a harder file than a 580 on a steady one. Deposit consistency is what carries the decision.

Pricing

The factor rate, multiplied out

Nothing compounds and nothing accrues. One figure times another, and the result is the entire obligation.

One number multiplied by another and settled at signature — that is the whole of a factor rate, and the total it produces reads the same in month three as it does in month eleven. Interest does not behave anything like that, being rent charged on a balance: it keeps accumulating for as long as the balance is outstanding, so the same borrowing costs more the slower it is repaid.

A worked example

Amount advanced: $80,000
Factor rate: 1.28
Total we collect: $102,400
Remittance: 12% of daily card settlements — roughly $600 on a typical business day
Estimated term: About 8 months at $110,000 a month in card volume

The cost of the money in that example is $22,400, and it is knowable before a dollar moves. These figures illustrate the arithmetic rather than quote a price: your amount, factor rate, remittance percentage and expected term are all set after an underwriter has read your statements.

In practice

Where an advance earns back what it costs

Businesses with steady card volume or steady deposits that need money this week rather than next quarter.

The whole obligation is one dollar figure, known at signing and unchanged by how long delivery takes.
Remittance is a percentage of takings, so a quiet Monday sends less than a busy Saturday.
Nothing is pledged and no appraisal is ordered — the receivable itself is what we purchase.
The agreement carries no payment date, so there is no payment date to miss.
This is our own capital, which is why we can commit to a timeline and hold it.

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Eligibility

Whether this is worth the rest of your morning

Time in business: 6 months or moreCounted from the day the business began trading, not the day the entity was filed.
Monthly revenue: $15,000 or moreGross deposits into the business account. Consistency across four months counts for more here than one unusually strong month.
Business bank account: RequiredIt must be open, active, and held in the trading entity’s own name — a personal account will not do.
Personal credit score: 550 or aboveWe review credit and we publish the floor so nobody wastes a week finding out. Above 550 it is one input among several, and deposit consistency is what carries the decision.
Location: United StatesWe fund entities formed and operating inside the United States. We fund in all fifty states from our office on Water Street.

Clearing all five is what gets the file read properly. It is not an offer — we turn business away every week, and would rather do it in an hour than in a fortnight. We do not fund gambling, adult entertainment, firearms dealing, cannabis at any point in the supply chain, or any activity unlawful under federal or state law.

Detail

Specific questions about the advance

Is a merchant cash advance a loan?

No, and the paperwork reflects it. What you sign is a purchase agreement: a set dollar amount of receivables changes ownership the day it is signed, and we pay a discounted price for them. Lending would put principal in your hands and charge you for however long you kept it. There is no principal here, which is why the agreement contains no rate, no APR and no due date — there is nothing for those terms to attach themselves to.

What sets the remittance percentage?

Your deposit history. We look at how much settles into the account, how regularly it arrives and what the balance does between deposits, then set a percentage the account can carry without starving the business. It is written into the agreement alongside the factor rate.

An advance is not a loan — so what is it?

No, and the distinction is legal rather than a matter of marketing. The transaction is a sale. A stated dollar amount of receivables you have not yet collected passes to us, we pay a discounted price for it today, and we recover the stated amount out of settlements as they land. Because nothing was lent, the agreement has no rate attached to it, no APR and no due date — those are features of debt, and this is not debt. Anyone selling an advance while calling it a loan either does not understand the product or is relying on you not to.

How does a factor rate work?

Multiply once and you are finished. An $80,000 advance at 1.28 means we buy $102,400 of your receivables, and the $22,400 sitting between those two figures is what the money costs you — all of it, with nothing else added anywhere. That gap does not respond to time. Deliver in six months or in eleven and it is still $22,400, which is precisely the opposite of how interest behaves on a balance you are carrying. You can work the total out on the back of an envelope before you sign, and the envelope will be right.

How much does my credit actually count for here?

The floor is 550, and we publish it rather than making you find out after you have sent four months of statements. Below 550 we cannot fund an advance and we will say so on the first call. Above it, credit is one factor among several and seldom the deciding one — the bank account decides it. We do pull credit during underwriting, so nobody should be surprised when it happens.

Other structures

If an advance is the wrong shape for this

A term loan, a revolving line, equipment paper, an SBA file or factoring may cost you considerably less. We fund all six, so there is nothing in it for us to push you toward the expensive one.