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Merchant Cash Advance, Explained

What is a Merchant Cash Advance, and how does it work?

To put it simply, a Merchant Cash Advance (MCA) is a boutique alternative finance product geared toward helping small businesses when they need to act quickly – whether that’s buying new equipment, paying taxes, hiring more people to fulfill a big job, 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.

Our process entails 4 steps:

  1. Submit an application
  2. Get approved or denied within 24 hours (upon providing all necessary materials)
  3. We wire your funds directly to your bank account as quickly as same day
  4. You use your advance to bolster your business and pay us back an agreed-upon percentage of your daily sales

What are the key benefits?

One key difference between a traditional loan and an MCA 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.

For more info, please visit our MCA Key Benefits page.

Think an MCA might be right for you?

At Elevate Funding, we aim for transparency in all that we do – whether that’s presenting funding offers, onboarding, or educating merchants throughout the lifecycle of their MCA. We stay in close contact with you every step of the way to help answer questions, resolve issues, keep you up to date on best practices, and simply to lend an ear.

We know an informed business owner will make the best decision for their business, so we give you full details on your bottom line and the everyday impact your MCA will have on your finances – including baked-in fees, the overall cost of funds, and daily/weekly payment amounts.

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.


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