No Obligation, Pre-Qualification
Merchant Cash Advance Repaid From Your Card Sales
A merchant cash advance (MCA) gives you a lump sum now and takes repayment as a share of your daily card sales, so what goes out moves with what comes in. Sterling Street Financial sources MCA offers from across our funder network, which lets you compare factor rates before you sign anything.
When a Merchant Cash Advance Is the Right Call
An MCA pays out a lump sum up front and is repaid through a percentage of daily credit card sales. It does not turn on a strong credit score or a long paper trail the way a bank loan does, which is why it is often the first product that works for a business a bank has already turned down.
You will see the same product called a business cash advance or credit card factoring depending on who is describing it, and the cost is set upfront as a factor rate — a flat charge priced into the payback total rather than interest that accrues as you go. Knowing those three terms is most of what you need to compare offers properly. Through our extensive network of funders, merchant cash advance funding reaches up to $1 million, and one application brings back what several funders will quote.
- Quick Access to Capital
- Easy Approval Process
- Repayment Flexes With Your Sales
- Lower Credit Is Okay
See what your business qualifies for.
One application, compared across our extensive network of funders. On average, funding is received within 2-4 business days.
Factor Rates, Card Sales and Business Cash Advance Basics
Often termed as “Business Cash Advance” or “Credit Card Factoring,” an MCA provides businesses with a lump sum, repaid via a portion of daily credit card sales. This flexible repayment model adjusts with your sales volume, making it a preferred choice for businesses with fluctuating revenues. MCAs are especially beneficial for businesses with limited credit history or collateral.
MCAs are unique, with repayments based predominantly on your monthly credit card sales. Strong card sales can expedite your repayment, while slower months adjust your repayments accordingly. Each MCA comes with a Factor Rate, determining the total repayment amount. For instance, an MCA of $50,000 with a factor rate of 1.4 means you’d repay $70,000 in total.
Qualification is easier than on most products and approvals come back fast. The repayment structure suits a seasonal business, because it moves with revenue rather than against it: you pay down more in the strong months and less in the quiet ones, without renegotiating anything. Card-heavy trades are the natural fit here — bar and restaurant owners, retail shops working a holiday quarter, liquor and convenience store owners turning stock over daily, and online and e-commerce sellers whose receipts arrive through a payment processor rather than a register.
While MCAs are accessible, they can be pricier than traditional loans. The daily deductions might strain your operational funds, especially during prolonged slow periods. The factor rate is also fixed at the outset, so paying early does not shrink it by default — though some funders in our network do offer an early-repayment discount, which is worth asking about before you sign.
Typically, businesses that qualify meet the following:
- Annual Revenue: $120K+
- Credit Score: 500+
- Time in Business: 5 months+
Those figures describe the middle of the range, not its edges; elsewhere in our network, programs open up for businesses operating at least three months with a documented sales history.
- Evaluate Your Needs: Ensure an MCA aligns with your financial aspirations.
- Assemble Your Documents: Essential documents include a driver’s license, recent business bank statements, and credit card processing records.
- Submit Your Application: Use our online application form, or contact us directly.
- Discuss with Our Expert: A dedicated representative will clarify rates and terms.
- Receive Funds: Once approved, the funds are transferred to your account within 1-2 business days.
An MCA is not right for every business, and a decline on one is not a decline on funding. The same file goes to other programs in our network without you filling anything out again. Our network spans over 10 different business funding programs with approvals from $5,000 to $1,000,000, and we have helped a lot of business owners who had some trouble with their credit, prior bankruptcies, and even tax liens.
Steps to Secure Business Funding with Sterling Street Financial
Submit Your Online Application
Fill out the online form. It asks what your business does, what the money is for, and what your revenue looks like. Call, chat or email if a question comes up.
Talk to Our Experts
A funding specialist reads your file and calls you with what the funders in our network sent back — the amounts, the costs and the repayment schedules.
Get Funded!
Choose the offer you want. Approved funds reach your account in as little as 24 hours, and most requests fund within 2-4 business days.
A Few Minutes to Apply
Fill out our online form and get approved quickly.
Compare Options
Both secured and unsecured loans with no personal guarantee.
Customize Terms
Choose what best suits you and your company’s needs.
Get Funded
Funds in as little as 24 hours, directly to your account.
Take your business to new heights.
Tell us the amount you are after and what your business takes in each month, and we will point your application at the programs that fit. No application fees, no obligation, and no impact on your credit score.