Merchant Cash Advance

MCAs are a type of short-term business financing where you receive a lump sum payment in exchange for a percentage of your daily credit card sales. Qualifying for a merchant cash advance (MCA) depends on several factors including but not limited to Credit Card Sales Volume, Time in Business, Monthly Revenue, Credit Score, Industry Type, Payment Processor, Collateral, Financial Statements, and Application Process.

Fundur offers competitive interest rates to its clients seeking business finance solutions. Currently, our interest rates start at a favourable rate of 4%. However, please keep in mind that interest rates may vary based on factors such as the type of financial product, the creditworthiness of the borrower, market conditions, and the terms of the loan or financing arrangement.

You can usually repay a merchant cash advance (MCA) early, but the terms vary by provider. Review your MCA agreement for prepayment terms, potential fees, or discounts. Discuss your intentions with the provider, consider the financial impact on your business, and document the repayment agreement if you decide to repay early. Consulting with professionals can help you make an informed decision.

A factor rate in business loans is a fixed repayment amount expressed as a multiple of the original loan sum. It’s commonly used for short-term loans, where borrowers agree to pay back a set total without interest. Factor rates are simple to calculate but may result in a higher effective interest rate compared to traditional loans for longer terms. They’re often used for quick access to funds but require careful consideration and comparison with other loan options.

A merchant cash advance (MCA) offers businesses flexibility in using funds for various purposes, such as working capital, inventory purchase, equipment upgrades, marketing, renovations, debt consolidation, emergencies, seasonal needs, seizing opportunities, staffing, training, and technology investments. However, businesses should be aware of the higher costs associated with MCAs and carefully evaluate their financial needs and repayment ability. Exploring alternative financing options and seeking professional advice is recommended.