New first time Merchant Cash Advance (MCA) funding is an option for those businesses with less than ideal credit but who maintain healthy bank balances. Typically the approval process for an MCA is faster with a higher approval rate then it is for most traditional funding or financing. The product is geared for businesses that experience seasonal dips in their sales cycle or face cash flow issues for any reason.
Applying for new first time Merchant Cash Advance (MCA) funding is a very easy and straightforward process. Businesses can use the funding they receive for any purpose as this product offers flexibility. Typically MCA’s are used to purchase small equipment, manage payroll, pay taxes and manage cash flow. Even though MCA products are fast and convenient, they typically come at a wide range of costs.