Merchant Cash Advance
Working Capital for small businesses that does not require collateral. Receive funds in as little as 24 hours.
Since 2013, Integra has been helping business owners achieve financial success
Our experienced team has successfully secured more than $550 million in funding across various industries
Work with a firm that delivers a personalized service every step of the way
What We Do
Smart Capital is Only a Few Minutes Away
We help small businesses achieve success by connecting them to working capital through a variety of financial solutions such as merchant cash advances, SBA loans, equipment financing and lines of credit.
By providing access to working capital, small businesses are able to cover unexpected expenses, manage cash flow, take on larger contracts, and invest in growth opportunities. Our team of financial experts work with the small business community to help them achieve success by providing the capital resources they need to thrive.
What Do I Need to Qualify?
$10,000+ Monthly Revenue
FICO Score of 500+
Proof of Ownership
Must Have a Bank Account
(212) 353-2800
Call or email us for more information or to request a free funding analysis.
“Unlock the Potential of Your Business With the Right Working Capital Strategy”
Small Business Funding Solutions in 3 Easy Steps
Free Consultations & No Impact to Your Credit Score
01.
Complete Application
Apply in just a few minutes or call us directly to discuss your funding requirements (212) 353-2800
02.
Review Your Options
Compare safely and securely all of the pre-approved offers. It’s free with no obligation to transact.
03.
Get Your Funds
Sign and submit the contract to receive the funds via wire transfer or ACH. Same day funding is available.
Services
Coast To Coast – We Have Your Business Covered!
With Fast Underwriting and Funding Process
Our streamlined application and approval process is designed to minimize the time and effort required for small business owners to secure the capital they need. From short–term working capital and SBA loans to lines of credit and equipment financing, our team offers a variety of products to help small businesses succeed.
Ask our team about the following financing options:
- Term Loans
- Business Line of Credit
- Equipment Leasing & Financing
- SBA Loans
- Working Capital Loans
- Commercial Real Estate Loans
- Inventory and Contract Factoring
- Reverse Consolidation MCA
- Asset Based Loans
- Bad Credit Business Loans
You can expect certainty of execution and a seamless funding process. Just ask our clients!
What Our Clients Are Saying
Bill Whelan
The customer service has been great. Every person I have interacted with was friendly, professional, and knowledgeable. They took the time to answer my questions and ensure I understand all of my financial options.
Bharat Patel
Crystal Brown
I highly recommend Integra for any small business owner seeking financing. Working with Mark was great. Thank you for your transparency and the quick funding.
What is a Merchant Cash Advance?
A merchant cash advance, also known as a business cash advance, is a type of financing option that allows merchants to borrow money against their future credit card sales and other forms of receivables. This financing option is often used by small businesses and entrepreneurs who may not qualify for traditional bank loans, SBA loans or who need cash quickly. In this blog post, we will discuss the benefits and drawbacks of merchant cash advances, as well as provide a detailed overview of how they work.
"Unlock the potential of your business, reach out to us now!"
The Integra team is dedicated to helping business owners get quick access to cash advance funds and to identify the best alternative funding options based on their needs and objectives.
Benefits of a Merchant Cash Advance
First, let’s discuss the benefits of merchant cash advances. One of the main advantages of this type of financing is that it is relatively easy to qualify for. Unlike traditional bank loans, merchant cash advances do not require a stellar credit score or collateral. This makes them a great option for small business owners who may not have a strong credit history or who do not want to put their personal assets at risk.
Another benefit of merchant cash advances is that they can provide businesses with cash quickly. Unlike traditional bank loans, which can take weeks or even months to process, merchant cash advances can be approved and funded in as little as 24 hours. This can be especially beneficial for businesses that need cash quickly to take advantage of a sudden opportunity or to cover unexpected expenses.
Merchant cash advances also have a flexible repayment structure. Instead of a fixed monthly payment, the repayment of a merchant cash advance is based on a percentage of the business’ daily credit card sales. This can be beneficial for businesses that have fluctuating sales, as they will only have to repay the advance when they are making money.
Drawbacks of a Merchant Cash Advance
One of the main disadvantages of merchant cash advances is that they tend to have higher costs than traditional bank loans. The cost of a MCA is typically expressed as a factor rate, which is a multiple of the advance amount. For example, a factor rate of 1.3 means that the business will have to repay 1.3 times the amount of the advance. This can result in a significant increase in the overall cost of the financing.
Another drawback of merchant cash advances is that they can be difficult to understand. The terms and conditions of these advances can be complex and may not be clearly explained to the business owner. This can make it difficult for business owners to fully understand the costs and risks associated with the advance.
Another major drawback is that merchant cash advances can be a very expensive form of financing in the long run. The repayment structure based on a percentage of daily credit card sales can make it difficult for businesses to predict their future cash flow and budget for the repayment of the advance.
Key Takeaway
It’s important to note that merchant cash advances are not the only option available to small business owners and entrepreneurs. There are other forms of financing available, such as small business loans, lines of credit, and equipment financing, that may be more suitable for their needs.
Examples of How Cash Advances Work
Merchant cash advances work by allowing businesses to borrow money against their future credit card sales. The lender provides the business with a cash advance, and in return, the business agrees to repay the advance plus a fee, typically as a percentage of their daily credit card sales. Here are a few examples of how merchant cash advances work:
Example #1: A retail store owner needs $50,000 to purchase new inventory for the holiday season. They apply for a merchant cash advance and are approved for a $50,000 advance with a factor rate of 1.3. This means that the store owner will have to repay $65,000 (1.3 x $50,000) to the lender. The repayment is spread out over a specific term, which can range from 3-12 months.
Example #2: A restaurant owner needs $25,000 to purchase new kitchen equipment. They apply for a merchant cash advance and are approved for a $25,000 advance with a factor rate of 1.4. This means that the restaurant owner will have to repay $35,000 (1.4 x $25,000) to the lender. The repayment term often varies on the credit worthiness of the business owner as stronger businesses with consistent cash flow could receive offers that are more competitive than those that pose a higher default risk.
* It’s important to note that these examples are simplified and that actual terms and conditions of a merchant cash advance will vary depending on the lender and the business’ credit card sales. Business owners should carefully review the terms and conditions and consult with a financial advisor before accepting a merchant cash advance.
How Fast Can a Business Get Funded?
The speed at which a business can be funded via a merchant cash advance can vary depending on a number of factors, including the lender and the business’s qualifications. In general, merchant cash advances are known for their fast funding process, which can be as fast as 24 hours or less. Here are a few reasons why merchant cash advances can be funded quickly:
1. Minimal documentation: Unlike traditional loans, merchant cash advances typically require minimal documentation, such as a recent bank statement and a copy of a merchant processing statement. This can make the application process faster and less complicated.
2. No collateral required: Merchant cash advances are typically unsecured loans, which means that no collateral is required to secure the loan. This can help speed up the funding process, as there is no need to assess the value of the business’s assets.
3. Quick underwriting: Merchant cash advance lenders have their own underwriting process which can be completed quickly, often within 24-48 hours.
4. Electronic transfer: Many lenders now offer electronic transfer of funds, which can make the process of funding even faster. That being said, some MCA companies may have a longer process than others, and it’s important for business owners to check with them for a specific time frame. Additionally, businesses with good credit and stable business history can get approved and funded faster than those with poor credit and unstable business history.
It’s important to note that while merchant cash advances can be a quick and easy way to access funding, they also come with higher interest rates and fees than other types of financing. So, it’s essential to weigh the pros and cons of merchant cash advances against other funding options before applying.
What Industries Qualify for a Merchant Cash Advance?
Merchant cash advances are typically available to businesses that accept credit card payments and other forms of electronic payements. This means that a wide range of industries may qualify for a merchant cash advance, including but not limited to:
Construction & Landscaping
Restaurants & Food Trucks
Restaurants can use cash advances to cover a variety of expenses that may arise during their operations. Some examples of how they may use cash advances include:
- Food and supplies: Restaurants often need to purchase large quantities of food and supplies to keep operations running smoothly. A cash advance can help cover the cost of these expenses, ensuring that the restaurant can continue to serve customers.
- Equipment and maintenance: Restaurants may need to purchase or repair equipment and machinery to keep operations running smoothly. A cash advance can help cover the cost of these expenses, ensuring that the restaurant can continue to serve customers.
- Inventory: Restaurants may need to invest in inventory to keep operations running smoothly. A cash advance can help cover the cost of these expenses, ensuring that the restaurant can continue to serve customers.
- Marketing and advertising: Restaurants may need to invest in marketing and advertising to attract new customers and increase sales. A cash advance can help cover the cost of these expenses, helping the restaurant to increase its revenue.
- Expansion: Restaurants may need to expand the facility or open a new location to keep up with the demand. A cash advance can help cover the cost of these expenses, ensuring that the restaurant can grow and meet the demand.
- Working capital: Restaurants may need to manage their working capital to keep the operations running smoothly. A cash advance can help cover the cost of these expenses, ensuring that the restaurant can pay employees, suppliers and other bills.
Retail Stores & E-Commerce
Auto Repair & Sales
Nail Salons & Beauty Spas
Nail Salons and Beauty Spas often require specialized equipment such as salon chairs, manicure and pedicure stations and wash sinks. Funding can also cover inventory and supplies, marketing expenses, as well as staffing and training of new employees.
Healthcare
Trucking
Manufacturing
Hotel & Motel
In the hotel/motel industry, modern design trends, real estate accommodation features and required facilities are always changing. With our financing options, you can finally expand your Bed & Breakfast business or upgrade the facilities at your hotel or motel and so much more!
About Integra
Integra is a financial services firm dedicated to helping small business owners obtain the working capital they need to succeed. We connect clients with the right capital source to suit their needs, whether it’s a term loan, equipment financing, or line of credit. Let us guide you every step of the way to help take your business to the next level.
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