Are you a small business owner in need of funding? Did you hear some negative stories about MCAs and now feel nervous to take the leap? The Merchant Cash Advance (MCA) industry is relatively young, and due to a few bad players, there is a lot of misinformation floating around about the MCA space as a whole.
With our monthly article series, MCA Myths, Debunked, we aim to bring answers and clarity to the ambiguity and misinformation around MCAs. In these articles, you'll read info and advice from three MCA industry leaders who have a combined 30+ years of experience in the sector.
To qualify for funding, merchants must meet these parameters:
Owned and operated in the United States
Open for at least
3 months
At least $10,000 a month in bank deposits or $7,000 in credit card processing
No open bankruptcy