Merchant Cash Advance Online with 24 Hour Funding
Get your merchant cash advance today!
Quick application. Up to $500k. For small business owners.
We get paid when you do
We debit payments as a percentage of your credit card sales, so you’ll never pay more than you can afford!
We’re a direct funder
If you’re eligible for business funding, we let you know instantly and have the cash deposited within 24 hours.
No minimum credit score
At the AYF Team, we don’t care about your credit score, we only care about how well your business is performing.
Ready to fix your cash flow problems?
What is a Merchant Cash Advance?
A merchant cash advance (also known as MCA) financing is when a business borrows money against income from its future sales. This money isn’t a loan that needs to be repaid within a fixed term at a fixed rate. Instead, it is an advance that your business repays with a percentage of its future sales.
Since a merchant advance is not a business loan, but just a transaction, there’s no interest rate or APR (annual percentage rate). Moreover, your business doesn’t incur any actual debt from obtaining an advance like it would from borrowing a small business loan.
Ready to fix your cash flow problems?
Easy And Fast Qualification!
There are many reasons why a merchant cash advance company can be more effective for your business than just a traditional small business loan from your bank. Working with AYF, you get it all.
Diverse funding
Up to $500k
Flexible repayments
Online monitoring
Credit Score
500+ Fico
Speed
Same day funding
Will My Business Be Approved For An MCA Loan?
If you answered yes to these questions, you are 90% likely to be approved for a merchant cash advance. All we’ll need to review are your past 4-6 months of bank statements or receivables. We’ll also take into consideration:
Ready to fix your cash flow problems?
Merchant Cash Advance Benefits To Your Business
1
Your success is our success!
We debit merchant cash advance payments as a percentage of your future sales, which means that we only get paid once you get paid. You’ll never have to pay more than you can afford if, for example, sales are slower one month.
2
Approved today, cash tomorrow!
AYF is a direct funder, so we can cut straight to the point. If you need money fast to snap up a good business opportunity, you can count on us to have the money in your bank account within 24 hours of approval!
3
We see potential, not credit scores!
At AYF, we base our decision on your business performance, not your business credit history. As long as you process your sales through card transactions and sales are consistent, you have a 90% chance of approval.
How a Business Cash Advance Works
Applying for a business cash advance is easy, straightforward, and 100% online. Our ‘zero commitment policy’ means that even after you are approved, you don’t need to complete the process if you don’t want to.
Once your cash advance request is approved, we’ll transfer the entire amount into your business bank account. There are two main ways you can pay back a business cash advance:
1
Using ACH payments – We wait for your credit card sales to deposit into your bank account, then debit the agreed % of sales by automatic debit transfer.
2
Using your card processing company – We’ll ask your business to use one of our preferred credit card processing machines. At the end of every day, a small percentage of your daily transactions are automatically debited until your advance is paid off.
With All Year Funding, every business is paired with a dedicated account manager to help them through the process from start to finish. We also provide your business with a secure online portal where you can track your account status from the application stage until the advance is paid off.
Merchant Cash Advance Calculator
A merchant cash advance calculator can help you calculate the cost of your merchant cash advance. Often it can be difficult to understand the fees and repayments when applying for merchant cash advances. However, calculating your repayments with the use of a calculator can make your life much easier.
How to calculate merchant cash advance factor fees
Let’s say Pete gets a $30,000 cash advance at a 1.20 factor rate. Pete wants to work out how much he will pay back to the merchant cash advance provider. All he needs to do is multiply the cash advance by the factor rate. So, in Pete’s example the calculation is $30,000 X 1.20 = $36,000. Pete would need to pay back $36,000 to the merchant cash advance provider. That means the merchant cash advance has cost Pete $6,000.
A Merchant Cash Advance
VS
A Traditional Loan
Fast funding – Time is money, and you have none to waste
Conventional loans require extensive credit and affordability checks and lots of paperwork. Even once you’ve completed the application process, there is a long review period and approval rates are low. However, with merchant loans from All Year Funding, all you need to do is fill out a quick online application form. Since we’re a direct funder, we can advance you the cash within 24 hours of approval.
Affordable repayments – We get paid when you get paid
The most significant advantage that merchant cash advances has over traditional bank loans is that the repayments fluctuate according to your income. This means that your repayments are always in proportion to your cash flow. Meanwhile, traditional bank loan repayments are fixed and rigid. If business is slow for one month, you’ll still need to repay the same amount, regardless of whether your income is lower.
Bad credit compatible – We don’t judge you by your credit score
Unlike banks and conventional lenders, we don’t care about your credit score; we care about how your business is performing. Even if your company has had trouble repaying credit in the past, you still have a very high chance of approval as long as you have a steady flow of card sales.
Easy early repayment – Settle when you want with no penalty
Another benefit of a merchant cash advance loans vs. a small business loan is that you’re free to settle your obligation whenever you want with no charges or fines.
It’s important to mention that merchant cash advances are not cheaper than other small business loans. Still, if you need fast funds, it can be a safe and affordable option for your business.
Merchant Cash Advance FAQs
Which small businesses can merchant cash advances help?
Most merchant cash advance companies can help almost any business in any industry as long as they have daily credit card sales or monthly credit card sales. A merchant cash advance mca, can be beneficial to restaurants, dry cleaners, dental practices, doctors, pharmacies, hotels, real estate companies and many others. At All Year Funding, we work closely with small businesses to pick the best financing plan to help small business owners achieve their goals.
Are there any restrictions to how the business funding is used?
Each business owner, knows the best how they want to grow their business. At All Year Funding, we don’t limit how owners use their merchant cash advances. Our staff may offer business coaching but the ultimate choice is yours.
What happens if you default on a merchant cash advance?
Defaulting on a merchant cash advance mca should always be avoided if possible. Some merchant cash advance providers are likely to pursue your personal or business assets to get back their money. Although, generally most MCA providers will not report payment history to appropriate business credit bureaus, they may report a default which will make it more difficult to get business financing in the future and will harm your business credit profile.
How do I know what’s best for my business?
Many companies compare merchant cash advances to fast business loans. At the end of the day business owners should consider any line of credit based on the value it brings to the business in a given situation. Instant loans for business as well as merchant cash advances can be funded on the same day if all data is provided to the underwriters.
AYF is a Direct Merchant Cash Advance Funder!
AYF is a direct funder, which means that we use our own money to help your business. Remember: Your success is our success! When you borrow a merchant cash advance, the success of your business is in our best interests! Using quick funding techniques and advanced account tracking features, we make every effort to ensure your business runs smoothly and continues to profit! Think of AYF more as your business partner, not your lender.
If you need money now, why not sell us part of your future credit card sales for instant cash? We work with all types and sizes of businesses and can advance up to $500,000 within 24 hours.
Want to see if you’re eligible for MCA funding from AYF?
Merchant Cash Advance Alternatives
Don’t Allow a Lack of Funding
to Hold your Business Back
It’s time to move your business forward!