merchant cash advance
LOANS FOR SMALL BUSINESS OWNERS
FROM $20,000 TO $5,000,000 WITHIN 3 DAYS
Loan Amounts From $20,000 to $5,000,000
Loan Terms 3 – 18 Months
Time to Fund 1-2 Business Days
What is a Merchant Cash Advance?
Merchant Cash Advance (MCA) is an easy and quick way in which small and midsize business owners that lack collateral or have a low credit score to qualify for a conventional bank loan can obtain an upfront sum of cash. The borrower will then repay with a percentage of future credit and debit card sales processed through the business’ merchant account.
In reality, an MCA is not a business loan–it is a lump-sum of money provided by the lender in exchange for a percentage of the business’ future revenues.
A Cash Advance is an excellent alternative for any business owner with a low credit score (FICO) because it is a short-term loan that requires no collateral. Also, if you need working capital instantly, the approval process is faster than any other loan.
- Retail Store Financing
- Restaurant Financing Options
- Cannabis Business Loans
- Truck Financing
- Construction Finance for Builders
- Healthcare Finance
How To Apply
Once you submit the application form, we will determine if you qualify for the program and how much capital you can get. If your application is approved, we will transfer the funds to your bank account. You can Apply for a Merchant Cash Advance Online.
Below is the detailed application process:
Fill the loan application form with basic details like your name, social security number, business tax identification number, business location, and any other essential information regarding your business. The application can be done online or you can also download our pdf version, fill it out and follow the instructions.
Step 2.
Provide 6 months of business bank statements. Submit the documents that will be used to assess your business’s financial health as well as your identity. Some of the documents include your government-issued ID, and a statement showing your business’s credit card transactions.
Step 3.
After completing the loan request form and providing the initial necessary documentation, a loan specialist from GoKapital will notify you of the approval terms. Once you accept the terms we will send you the contract and finally, you will get funded. Getting approved for an MCA with us is easy.
WE MAKE BUSINESS LENDING SIMPLE!
We approve within 24 hours and have no credit score minimum.