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A merchant cash advance (MCA) is debt- and dilution-free, revenue-based financing. MCAs is a form of business financing where a financial firm (such as Novo Funding) gives your business up-front access to cash for a fee.
The blueprint for a merchant cash advance is simple. Once a small business is approved, a lump sum is deposited into their business checking account. The business makes a monthly repayment for a set amount of time. The payback amount will consist of the amount drawn, known as your Advance, plus a percentage-based fee, known as your Monthly Rate. Monthly Rates vary based on a number of factors including your business’s industry, years in operation, financials, transactions, and credit score.
Our application process is super fast. On average it takes less than 2 hours to receive a response.
Once you complete a draw, you will receive a Transfer Schedule outlining the Minimum Amount Due and the date of when these transfers will be automatically pulled from your account. Draws are repaid typically over the span of 6 – 18 months.
Yes you can! Simply pay the agreed payback amount.
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Location:
36-B W 1st Ave, Miller, SD 57362, USA
Email:
info@domain.com
Phone:
+1-800-123-4567
+1 123-456-7890