Merchant cash advance for small business
Secure the business capital you need for success with a merchant cash advance.
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Apply for financing
and get
approved in as soon as
2 hours
Billion in financing
As fast as 4 hours
As fast as 2 hours
Small businesses financed
Optimize cash flow for growth
With a Fundrivo Merchant Cash Advance you can access:
- Business financing from $5,000 to $600,000
- Terms from 3-24 months
- Factor rates as low as 1.11*
- Automatic daily or weekly remittances
Requirements to qualify
While requirements for a working capital loan may vary, your business will generally need:
- To be operating in the United States
- 6+ months time in business
- $15,000+ in monthly revenue**
- To deposit revenue in a business bank account
- A credit score of 500+
Recognised as “Best for Short-Term Loans” by industry experts.
Like a loan, a merchant cash advance is a flexible business financing option. Unlike a loan, a merchant cash advance provides your business with capital by allowing a buyer, like Fundrivo, to purchase a percentage of your future credit or debit card sales.
Advance your business with additional capital:
Four simple steps to secure a merchant cash advance
01 Apply online
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02 Gather required documents
We require certain documents from you in the approval process. Be ready with bank statements and a government-issued ID to start.
03 Approval in as little as 4 hours
Your loan application will be reviewed and you can get approved in as fast as 4 hours.
04 Receive same-day funding
If approved, your requested loan amount can be transferred to your bank account as soon as the same business day.
merchant cash advance right for your business?
Pros
- Flexibility in how you can use the funds, making it a great short-term solution
- Flexible remittances mean you only pay what you can afford every month.
- Funds can be procured as fast as the same business day.
- Typically easier to qualify for, even if you don’t have a strong business credit score.
Cons
- MCAs are shorter in duration than traditional loans, making them less effective for financing large growth initiatives.
- Because the approval process is more flexible than traditional bank loans, rates tend to be higher.
- Remittances may be adjusted after the month has ended.
- Business cash advances can be more expensive than other alternative financing options.
Why choose Fundrivo for a merchant cash advance?
One of the leading merchant cash advance companies in the USA, Fundrivo has helped over 30,000 small businesses throughout the U.S. achieve their dreams.
Our fast processes and friendly experts are why we have a 4.8 out of 5 rating on Trustpilot.
Best-in-class customer service
Fundrivo business experts are standing by to help you—from the moment you submit an application until your final remittance.
Effortless automatic remittances
Remittances are withdrawn automatically from your bank account, so you can focus on running your business.
Frequently asked questions about Merchant cash advance
Is a merchant cash advance a loan?
The provider of the advance (in this case, Fundrivo) then collects a percentage of the daily sales the business makes from credit cards until the amount of the advance, plus the factor rate, has been collected.
The percentage that is collected from the credit/debit card transactions is known as “holdback.”
Are merchant cash advances legal?
Merchant cash advances are not traditional loans—they are purchases of future payment receivables for an upfront, discounted purchase price.
Because they are true sales and do not come from a traditional bank, there is no fixed payment or term, as well as no principal, interest, or interest rate involved. State usury and/or lending laws do not apply.
Do merchant cash advances hurt your credit score?
How much does a small business cash advance cost?
Unlike many business loans, obtaining a merchant cash advance for your business does not require you to provide any additional assets as collateral. This can be beneficial for smaller businesses that might not have major assets, like real estate or vehicles, to offer.
Is there a financial benefit to paying off your small business cash advances early?
What can you use a merchant cash advance for?
Small business owners use cash advances for things like buying inventory, paying employees, making emergency repairs, marketing expenses, purchasing equipment, and other short-term expansion projects.
Does your credit score matter for a merchant cash advance?
Each merchant cash advance provider has different criteria for approval, but they generally do check your credit score before approving an application.
Fundrivo credit score requirement, for example, is 500+.
How do you apply for a merchant cash advance?
You'll be asked to provide some basic information and documentation, such as:
1.Past bank and credit card statements
2.A copy of your business lease
3.Your business tax ID number
4.Your personal social security number
5.References
6.A copy of your driver's license or another type of government-issued photo ID
7.A copy of your business tax returns
Applications for merchant cash advances are approved very quickly, and once approved, business owners receive their funds within a matter of days.
To learn how much you qualify for, fill out our online pre-qualification request.
Submission is free and easy and will not negatively impact your credit score.
Apply for business financing up to $600,000
Find out how much you qualify for. Applying will not hurt your credit score. Do you meet the requirements?