MFF LOANS
What Is A Merchant Cash Advance?
ABOUT MFF LOANS - Merchant Cash Advances
What Is A Merchant Cash Advance?
A lump sum of cash is given to you in exchange for a portion of your company's future sales when you obtain a merchant cash advance from Money Fast Funding. This implies that you will get working capital up front, and we will keep receiving a portion of your sales until we get the full amount of sales that we paid for.
Together, you and our fundraising advisors will develop a financing strategy that will help you build your company without using up all of your cash flow. Entrepreneurs that have generated at least $7,500 in sales over the previous three months on average are usually eligible for an MCA equivalent to 70–1200% of capital, ranging from $3,000 to $500,000. There is no set duration, and we provide both fixed and flexible payback schedules.
Merchant Cash Advance Process
Getting the funds for your business is simple. With our quick application process, you'll have additional funding in no time. Our process is broken into 4 steps: Apply, Qualify, Receive, and Reimburse.
Applying
You or a financial expert from your organization fills out a brief business funding application and sends it to our team along with bank statements of the business over the last three months.
Qualifying
Our team will review the information you have provided. Generally, most inquiries get approved within a matter of hours.
Receiving
Receiving your new funding from Money Fast Funding can take 24 hours or less! If there are no hiccups in the application and qualifying stages, we can get the funds to you within 24 hours after approval. Our goal is to get your business funds into your hands as fast as possible. We will work with you to make sure that happens.
Reimbursement
Paying back the Merchant Cash Advance can be spanned across a few or many months, depending on your agreement. On average, Merchant Cash Advances can extend between 3 and 24 months based on various credentials and information. In order to fully reimburse your funding, Money Fast Funding captures a daily or a weekly amount towards paying back the advance.