We offer MCAs from $5,000 – $1,000,000, with 6 – 60 Month terms, + 1.14 – 1.50% interest rates. Qualifications: MCA loans requires $100,000 annual revenue, 1 year in business, and a minimum + 600 Credit Score. Both our merchant cash advance and revenue-based funding are accessible to businesses with less-than-perfect credit. Revenue based funding requires strong cash flow and consistent revenue generation. MCA’s may be referred to as revenue loans which are revenue-based financing. A business cash advance is useful in many situations such as a seasonal business where you can align repayments to trading peaks and troughs allowing you to pay back more when sales are higher and less when sales are lower. Two factors are considered go into determining the amount of those payments – the “factor” rate and the “retrieval” rate. The” factor” rate is a decimal number that, when multiplied by the amount funded, will tell you how much the repayment amount is. “Factor” rates are typically between 1.1 and 1.5. If you borrowed $20,000 with a factor rate of 1.1, the repayment amount would be $22,000. The “retrieval” rate is the amount that is deducted from your daily debit and credit card sales. On average’ “retrieval” rates vary anywhere from 15% to 25%. Merchant cash advance providers negotiate “retrieval” rates to ensure a business has enough remaining revenue to sustain daily operations.