A merchant cash advance (MCA) is based upon the business revenue, not credit scores. After a review of the four most recent business bank statements, cash advance decisions take into consideration a number of factors including:
- Time in business (minimum one year)
- Monthly revenue (minimum of $12,000 per month)
- Active advances with other companies (if any)
After due diligence by Underwriting, an offer may be extended to support the business’ needs. This usually takes 24 hours or less once all documentation has been received.