Meet These 5 Criteria? If So, Your Business Qualifies for Funding!
At Elevate Funding, our mission is to help small brands like yours navigate this new normal and get the funding needed to sustain your business.
We’re a direct funder that specializes in Merchant Cash Advances (MCAs). An MCA is not a loan – it’s simply a way to get access to your future sales immediately. Merchants often pursue MCAs to help cover emergencies and other urgent business needs that arise.
To qualify for funding, you just have to meet the following criteria:
1. Owned and operated in the U.S.
2. In business for at least 3 months.
3. No open bankruptcies.
4. Minimum deposit frequency of 4 or 5 per month, depending on your industry.
5. At least $10,000 per month in bank deposit
OR $7,000 in credit card processing.
There are a few other one-off reasons we may not be able to fund a business, and those reasons are considered on a case-by-case basis. Generally speaking though, the criteria listed above are the key qualifications a business must meet in order to qualify for funding with us!
The MCA application process is simple and quick, and we are able to fund companies in as little as 24 hours. There are no restrictions on how you use the funds, and we do not check credit (for our standard MCA product), charge outrageous fees, or require collateral.
At Elevate Funding, transparency and honesty are at the core of what we do. When you select us as your funding provider, you are placing a safe bet on your financial future. We want to see our merchants succeed, and we will do everything in our power to work with you on your specific needs. We know small business, and we’re here to help.
If you need funding and wish to speak to someone now, please call us at 888-382-3945 or click here to send us an inquiry. One of our teammates will get back to you as soon as they are available.
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Revenue-Based Finance is formerly and alternatively known as Merchant Cash Advance, or MCA.
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