what is A fast loan?
WHAT IS A Business cash advance?
- An agreement is made between the small business and the MCA provider regarding the advance amount, payback amount, and holdback percentage. Once an agreement is made, the advance is transferred to the business’s bank account in exchange for a future percentage of receivables or credit card receipts.
- Each business day or week, an agreed upon percentage of the daily revenues or credit card receipts are withheld to pay back the MCA advance. This is called a "holdback," and it will continue until the advance is paid in full. Access to a business owner's merchant account eliminates the collateral required for a traditional small business loan.
- Because repayment is based upon a percentage of the daily balance in the merchant account, the more transactions a business does, the faster they're able to repay the advance. And, should transactions be lower on any given day, the draw from the merchant account will also be less. This means during times of slow business, the business's payback is relative to their incoming merchant account deposits.
Repayment and Loan Cost
- A business that uses a merchant cash advance, according to several MCA providers, may pay back 20%-40% (or more) of the amount borrowed. This percentage is frequently displayed as a factor rate, which would equivalently be 1.20 - 1.40.
Credit Card Transactions or Cash Deposits (Any Business)
Deposit to Merchant
Daily Withdrawal to
MCA Genie Superior Benefits To You:
- Largest MCA and Fast Loan Marketplace!
- We specialize only in this lending market - We are the best at what we do ! We have options no other lenders have!
- Over 100 leading vendors available for funding any business type/size. All options, available from $5k to $ 5 million.
- Guaranteed best/lowest rates, reversed consolidation, advance based on real estate and many special programs tailored for different businesses
- All industries and no profits!
- The fastest funding time - Average is a few hours from the application submission!
- Submit request or browse all vendors to match your exact client based on filtering
- We also minimize any broker fees and reimburse clients for these savings!
- We are proud of the special attention and service we provide to each client. We call and explain, and although our system is largely automated, we add the essential human intervention needed with each client!
- We always strive to beat any advance rate or other offer you received. Many of our Clients are Repeat customers receiving additional loans
- We can replace any additional loans that qualify a client for standard bank rate loan, or an asset/collateral based loan if a client is interested!
Fast Business Loans & Merchant Cash Advances
Access from $5k to $5m in capital within
a few hours !
Qualify for additional financing even before
repaying the original amount in full.
Use capital for any business expense, including purchasing inventory, expansion, and more.