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How to Apply for a Merchant Cash Advance

Merchant Cash Advance (MCA) is a boutique alternative finance product geared toward helping small businesses take care of their urgent business needs – whether that’s ramping up staffing, buying new equipment, paying for repairs, or meeting payroll needs during a tough month.

MCAs allow you quick access to your future sales in exchange for a percentage of your daily sales. An MCA is not a loan – it’s simply a way to get access to your future sales immediately. Though these products may sound similar, one key difference is what factor your repayment is based on. Loans charge you a fixed number each month, while MCAs are based on your projected revenue – so as your sales fluctuate, your payment amounts will fluctuate, too. This means more flexibility in repayment and more room to breathe.

Another key benefit to MCA is the unique ability to disburse funds FAST. When applying for a traditional bank loan, you typically don’t see the funds hit your account until weeks, if not months, later. With MCA, we are able to wire your funds within 24 hours of your application. Less red tape, less headache, less hassle.

Here are the 4 qualifications needed to apply for an MCA with Elevate Funding:

  1. Owned and operated in the U.S.
  2. In operation for at least 3 months
  3. No open bankruptcies
  4. At least $10,000 a month in bank deposits OR at least $7,000 a month in credit card processing

Here is a quick rundown of what to expect during our application process:

  1. Submit our pre-qualification form
  2. If your business pre-qualifies, submit a full application and all requested materials
  3. Get approved or denied within 24 hours
  4. Elevate wires your funds into your account as quickly as same business day
  5. You use your advance to bolster your business and pay us back an agreed-upon percentage of your daily sales — no accruing interest, no amortization schedule, no fixed payment amount

If you need funding and wish to speak to someone now, please fill out our pre-qualification form or click here to send us an inquiry. One of our teammates will get back to you as soon as they are available.


Revenue-Based Finance is formerly and alternatively known as Merchant Cash Advance, or MCA.