Sometimes referred to as “credit card receivable”funding” or “credit card factoring,” a Merchant Cash Advance (MCA) is the purchase of future credit and debit card receipts.Your business sells a fixed dollar amount of its future credit and debit card sales at a discount. Once approved, you’ll receive a lump sum of the working capital as the purchase price. Then you’re all set to use this money for any business need. It’s not a loan–it’s a smart way for businesses like yours to get the funds you need.
No personal collateral is required. Qualification is primarily based on the strength of the business. And that means things like a business owner’s poor personal credit history is not an automatic disqualifier for an MCA from First One Capital. Compare that to other lenders and financing sources. Plus, we can get the money in your hands in as few as 5 days. With very little paperwork.
Best of all, it’s a very cash flow friendly solution for your business. First One Capital gets paid when your business gets paid. It’s that simple.
Your business agrees to sell a fixed dollar amount of its future credit and debit card sales at a discount. Your business receives a lump sum of working capital as the purchase price.
First One Capital has created an easy Merchant Cash Advance Process.
The MCA process is made up of a few different steps and our friendly and knowledgeable representatives are readily available throughout the process. Do you need working capital for your business? Do you have another project in mind that can turn a large profit but don’t have the cash? We can deliver funding amounts ranging from $2,500 to $250,000 based on your business profile.
The concept is simple. Your business accepts more than $5,000 each month from your customers who use credit cards to make their purchases. First One Capital will fund between 100%-200% of your total monthly credit card volume as an unsecured cash advance for your business. What makes this program unique is how you pay the advance back. First One Capital will take a small portion – typically 10%-25% of your credit card
processing daily to repay the advance.
For every dollar advanced, First One Capital will recover an additional 15-45 cents depending on your specific program. This is paid a little bit every day as your business batches out your credit card processing each day. First One Capital will only get paid back through your future credit card processing sales.
Please Contact Us now and get the process started!
Merchant cash advance has become a widely accepted form of small business finance. Most businesses that need capital will not qualify for traditional small business loans. Since 2005, Merchant Cash and Capital has advanced more than $400 million to over 11,000 small businesses, most of which have taken multiple advances.
Unlike a small business loan, a merchant cash advance is fast and easy to obtain. In addition, while a small business loan requires personal guarantees and collateral, a merchant cash advance does not. If you own a restaurant, retail or service business and need capital for any reason, a merchant cash advance from First One Capital is your best answer.
The Following are the basic documents needed to get a Merchant Cash Advance from “First One Capital”
Unlike a small business loan, a merchant cash advance is fast and easy to obtain. In addition, while a small business loan requires personal guarantees and collateral, a merchant cash advance does not. If you own a restaurant, retail or service business and need capital for any reason, a merchant cash advance from First One Capital is your best answer.
- 3 Months most recent bank statements
- Copy of drivers license
- Copy of voided check First One Capital will use to ACH transfer your Advance to
- First One Capital application completed and signed by principals/owners
Additional documentation may be required for larger business funding or exceptions requested.
Contact Us NOW to get the process started!
