Merchant Cash Advance

Merchant Cash Advance to Assist with Any Business Need.

Our Merchant Cash Advance Helps You Plan for A Successful Future. Get Fast Access to The Working Capital You Need to Grow Your Business. 

A Merchant Cash Advance gives Businesses Fast Access to Working Capital Based on Future Credit Card or Other Receivables So They Can Meet Their Business Needs. This Type of Funding Is an Alternative Form of Financing That Works by Giving Businesses Upfront Access to A Lump Sum in Return for A Portion of The Future Revenue Receivables at A Discounted Price. This Allows the Payment Timeline to Be Tailored to The Flow of Business Sales.

To Be Approved for a Merchant Cash Advance, Certain Criteria Must Be Met. Important Qualifying Factors Are That the Business Must Accept Credit Card Payments or Have Other Receivables.

At Happy Financial Group, Applying for An MCA Is Fast and Convenient. You Can Complete the Application for Your Business Through Our Online Portal In Just a Few Minutes. Our Merchant Cash Advance Amounts Start At $5,000 And Range Up To $500,000.

Merchant Cash Advance with Happy Financial Group.

At Happy Financial Group, We’re Dedicated to Unlocking Big Potential for Your Small Business. Consider Us Part of Your Team, Helping Your Business Grow with Flexible Financing Solutions Tailored to Your Business’ Unique Needs.

  • Trusted by Over 30 Thousand Small Businesses
  • Innovative Funding Technology That Allows You to Apply on Any Mobile, Tablet, Or Computer Device
  • Team of Actual Business Advisors Who Provide Fast, Simple, And Trusted Funding Information
  • A Streamlined Process for Additional Funding Needs

Frequently Asked Questions

Get the Answers you Need to Common Questions About Merchant Cash Advance. Everything you need to know about Merchant Cash Advance and How your Business can Qualify.

How Do Merchant Cash Advances Work?
A merchant cash advance, MCA for short, allows business owners to get an advance on their future sales or revenue. Traditionally, it’s based on your debit and credit card sales. However, some MCA providers also offer ACH merchant cash advances. ACH MCAs are based on your bank account activity.
How Much Do Merchant Cash Advances Cost?
MCAs are among the most expensive forms of financing, with APRs as high as 350% in some cases. Instead of charging interest, though, you’ll be assessed a factor rate, which can range from 1.1 to 1.5. Some providers may charge additional administrative fees, so watch out for that. You’ll multiply your advance amount by your factor rate to determine how much you’ll ultimately pay back. For example, if you’re taking an advance of $20,000 and you have a factor rate of 1.2, you’ll end up paying $24,000.
That might not seem like a lot, but MCAs are generally paid off in the short term, which increases the APR.
How Are Payments Determined?
If you’re using a traditional MCA, your daily payments will be based on a percentage of your debit and credit card sales. This percentage, often called the holdback, can range from 5% to 20% of your daily sales. This means that if your sales go down, so does your payment, but the opposite is also true. If you’re using an ACH merchant cash advance, the provider will determine the fixed daily or weekly payments. Keep in mind that while you can repay an MCA early, there’s no financial incentive to do so. Since you’re not being charged a standard interest rate, the fees generated by the factor rate are fixed, so you’ll pay the same amount whether you’re on time or early.
Is it Easy to Get Approved for a Merchant Cash Advance?
MCAs typically have less stringent credit requirements than other forms of business financing. This makes them appealing for new business owners and businesses with less-than-stellar track records with money and credit. That said, if you’re looking to get a traditional MCA, your credit and debit card sales must be solid enough to meet the MCA provider’s eligibility requirements. The same goes with an ACH MCA, but it’ll be about your overall income and expenses.
How Long Does it Take to Get a Merchant Cash Advance?
You can typically get approved for an MCA within 24 hours. After that, it may only take a few days for the funds to be deposited into your bank account. In contrast, some small business financing options can take several weeks or even months to fund. This makes merchant cash advances more attractive to small business owners with immediate cash flow problems.
How Much Can I Borrow With a Merchant Cash Advance?

MCA amounts can vary based on the provider and your sales (and expenses, if applicable). That said, you may be able to get an advance ranging anywhere between $5,000 and $500,000, depending on which provider you choose. If you’re thinking about getting an MCA, make sure you understand the payback terms run the numbers to avoid borrowing too much.

Do I Need Collateral to Secure a Merchant Cash Advance?
No, merchant cash advances are a form of unsecured credit, so you don’t need to worry about using an asset to secure one. However, many MCA’s require a power of attorney signed and vendor information, along with bank statements that can later be used for UCC filings.
What Can I Use a Merchant Cash Advance For?
You can use an MCA for just about any business expense. That said, it generally doesn’t make sense to use one for major equipment purchases, big investments, and other long-term needs. Rather, because they’re so expensive, merchant cash advances are best suited for short-term capital needs that cannot be managed with your current cash flow situation.
Can I Use a Merchant Cash Advance to Build Credit?
Merchant cash advances may require a credit check when you initially apply. But over time, don’t expect the MCA provider to report any of your payments to the commercial credit reporting agencies. In other words, if you’re considering an MCA to build credit, you’ll likely end up disappointed.
What Happens if I Can’t Pay My Merchant Cash Advance?
It’s crucial to take out an MCA only if you’re confident that you’ll be able to pay it back. Because there’s less regulation in the merchant cash advance industry, defaulting could spell trouble. More specifically, many MCA contracts include a clause called a confession of judgment. A confession of judgment allows the creditor to obtain a judgment against the debtor if they stop making payments. Note, too, that the MCA provider can often sue you without notifying you in advance and obtain a judgment from the court. This could result in bank account freeze, liens, and other legal complications. On top of all of that, you won’t have the right to legally defend yourself because you signed the contract agreeing to the confession of judgment.