Merchant Cash Advance Funds
Is a Merchant Cash Advance Right for You?
If you’ve been in business for at least a year and have sales of at least $10,000 per month, a merchant cash advance may be just the right boost you need to take your business to the next level.
A merchant cash advance (MCA) is especially convenient for a small business owner, because it avoids the lengthy approval process and strict credit requirements compared to a traditional bank term loan. And, because the requirements to obtain a MCA are less stringent, it may be perfect for your business, even if you don’t have a perfect credit rating.
How Does a Merchant Cash Advance Work?
A merchant cash advance is not a loan but rather is a cash advance based on the purchase of a portion of your business’s future expected revenue or receivables. Essentially, Yes Lender will purchase a percentage of your business’s future revenue in exchange for a discounted cash amount paid to you now. The amount of purchased receivables will be paid back via an automated ACH daily or weekly debit from your business bank account. Yes Lender will analyze your daily credit card and business receipts and determine the daily or weekly payment amount that it believes that you can comfortably afford.
How You Can Use the Funds
That’s really up to you to determine how you will invest the new found money in your business. You may be able to purchase inventory at a discount, take advantage of a marketing opportunity, or simply use it for working capital needs.
How Quickly You Can Obtain Funds
A small business can apply for a cash advance and have funds deposited in their bank account within 2 to 3 days. Once Yes Lender has all of the necessary documentation to evaluate your business’s financial position, it will provide you with a funding decision within 24 hours.
What You Need to Do
It’s important that you provide all of the necessary information that Yes Lender will require to evaluate your merchant cash advance. If you provide all the pertinent information, you’ll have an answer back from us quickly, often in less than 24 hours.
Complete the form on this page and Yes Lender will be in touch quickly.
At Yes Lender: We say YES to funding your success.