Merchant Cash Advance in Los Angeles

Provide immediate access to funds based on future credit card receivables

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MCA Financing in LA

For a business owner that’s just starting out, getting the money to fund your venture can be hard. Especially when traditional banks won’t even consider your request without meeting certain criteria. Maybe your business requires extra cash to make the next big move or needs it to stay afloat during troubled times. If you don’t currently possess the funds to help it thrive, a merchant cash advance in LA might be the best financing alternative for you. At JSV Capital, we’re happy to walk through the process of obtaining a merchant cash advance and discuss what financing options are most suitable for you.

Small Business Loans

What Is A Merchant Cash Advance?

A merchant cash advance is an alternative financing option for business owners, separate from traditional bank loans. Essentially, it is a quick and effective way to obtain working capital. Owners receive their funds upfront from a merchant cash advance provider and then pay back the advance with a percentage of their business’s income. These payments can be made weekly or monthly and are taken out automatically. The total amount to be repaid is calculated by a factor rate based on a business’s ebb and flow of sales. In addition, the time it takes to pay off your advance will depend upon the number of proceeds coming in.

Why Are Merchant Cash Advances Popular?

Merchant cash advances are valuable for businesses that need working capital fast but don’t qualify for a traditional loan. In addition, they are a convenient alternative funding program for owners looking to either grow their business or temporarily sustain their cash flow. Here’s why merchant cash advances have become so popular:

Higher Approval Rates 

Not only is the application process itself easy, but merchant cash advances are one of the easiest financing options to qualify for. They traditionally have higher approval rates and don’t require business owners to have perfect credit in order to apply. Lenders will often be much more lenient when it comes to approving businesses with bad credit.

No Collateral Necessary 

For a merchant cash advance, you do not need additional collateral. Providers are more willing to lend to small businesses without personal guarantees because they are getting repaid from the proceeds, not the owner.

Flexible Monthly Payments 

One of the largest advantages to a merchant cash advance is that there is no set payback amount and the scheduling is flexible. Unlike a traditional loan, payments are not set in stone and will be directly proportionate to your profits. When sales are up, you’ll be paying back more. When sales are down, on the other hand, you won’t be required to pay or will only be responsible for a lower dollar amount.

Less Paperwork 

Obtaining a merchant cash advance can be done entirely online, eliminating the need for filling out complicated paperwork. However, to make the process as fast and seamless as possible, we suggest compiling important documents ahead of applying. These include having a valid form of identification and recent bank statements on hand.

Faster Funding

Qualifying for a merchant cash advance is relatively quick. Most providers offer an easy online application process with fast turnaround times. Applying only takes a few minutes and accounts may be funded in as little as one to two business days.

Our Business Funding Advantage

Quick and Easy application process
Terms ranging between 6 Months and 5 years
Rates between 5 – 35%
Approval within 12 to 48 hours
No Pre-Payment Penalties
Weekly and Monthly payment options
Funding up to $1,000,000

What Do I Need to Qualify for a Loan?

6 Months in business
500+ Credit Score
All industries welcome
$150,000+ in annual revenue

How to Apply

Send us your past 3 months of business bank statements
A dedicated JSV Capital Funding Specialist will reach out to discuss your options

What Do I Need To Apply For A Merchant Cash Advance?

The qualification requirements for merchant cash advances are less strict than traditional loans. They do not require a credit check, business history documentation, or tax documents for approval. However, a prerequisite for applying for a merchant cash advance is some proof of sales. Whether that be in the form of bank statements or credit card purchases. Generally, most business owners who have a positive cash flow and have been in business for at least three months will be able to get approved.

Are Merchant Cash Advances High Interest?

Since merchant cash advances are structured differently than business loans, they don’t have traditional interest rates either. Instead of an interest rate, fees for a merchant cash advance are referred to as “factor rates.” The factor rate you receive will be determined according to the lender’s evaluation of your qualifications. The includes what industry your small business is a part of, the length of time you’ve been in business, how stable your income is and your average monthly credit card sales. 

To compare an interest rate to a factor rate, you will need to do a conversion. The repayment of a merchant cash advance is based on a percentage of your future business’s income, and the repayment amount can increase or decrease depending on your daily sales

How Much Funding Can I Get?

The amount of funding you can receive for a cash advance is determined more so by your business’ sales performance, plus a couple of other factors. To learn more, speak with our specialists at JSV Capital about your financial needs.

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Inquire about our Business Loan programs.

We are one of the most trusted sources for merchant cash advances. Unlike most lending companies, JSV Capital provides access to quick and affordable small business funding options for all types of businesses.

We pride ourselves on being a small business financing and funding partner that helps facilitate growth while always providing exceptional, dedicated service. Talk to us today about how we can support your growth, limit  your turnover, and put you on a solid track to success and profit.

Apply For Merchant Cash Advance Financing

No cost to apply. Applying will not impact your credit score.