Global Trade Center 7697 Innovation Way, Suite # 200 Mason, OH 45040
(844) 467-7973

Apply Online

Securely complete our online pre-qualification form or call us at (844)-INSPYRE.

24 Hour Approval

Review options with your funding advisor and choose one that best fits your needs.

Receive Funds

Receive funds as soon as 48 hours upon approval.

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What is Merchant Cash Advance?

Quick advance: For businesses accepting credit cards, Merchant Cash Advance (MCA) is a simple and easy way to get quick cash and repay as a percentage of future credit and debit card sales.

Easier to qualify: With cash-flow based criteria, qualifying for MCA is relatively easier among small business loans.

No set period to repay: As it is technically an advance that is repaid as a fixed percentage of future merchant receipts, there is no set period to repay.

What is Merchant Cash Advance?

Quick advance: For businesses accepting credit cards, Merchant Cash Advance (MCA) is a simple and easy way to get quick cash and repay as a percentage of future credit and debit card sales.

Easier to qualify: With cash-flow based criteria, qualifying for MCA is relatively easier among small business loans.

No set period to repay: As it is technically an advance that is repaid as a fixed percentage of future merchant receipts, there is no set period to repay.

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MCA is a Good Fit For:

  • Businesses with large volume of credit card sales, for example, restaurants, retail, etc.
  • Businesses with poor credit, as the advance is based on cash flows rather than credit.
  • Young businesses that have a short history.
  • Businesses in need of quick cash – to take advantage of an opportunity, pay taxes, purchase essential equipment, etc.
  • Seasonal businesses that find it challenging to pay fixed instalments during lean periods. With an MCA they pay less when sales are slow and more when sales are high which helps preserve cash flows for operating expenses.

MCA is Perfect For:

Any business with significant credit and debit card sales stands to benefit from the MCA Program. Following are some examples:

  • Service Businesses
  • Home Repair
  • Automotive
  • Retail
  • Restaurants
  • Medical and Dental Offices
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How Does a Merchant Cash Advance Work?

Eligibility: Eligibility for an MCA advance is based on assessment of your most recent and estimated credit card sales.

Advance amount: Amount approved would depend on factors such as time in business, your industry, monthly revenues, existing debt repayments, etc.

Repayments based on factor rate: Repayments are calculated based on a factor rate which should not be confused with the standard interest rate. For example, for an MCA of $10,000 at a factor rate of 1.20, you would repay a total of $12,000 ($10,000 X 1.20). If it is agreed to repay at a rate of 10% of daily credit card sales and your daily sales are $333 (approx. $10,000 per month), it would take approximately 12 months to repay $12,000 ($333 X 30 X 10% X 12).

Repayment amount scales with sales: Should credit card sales grow, so would the MCA payments, and the balance would be paid off sooner. However, the amount to be repaid would still remain the same at $12,000.

Frequency of repayments: Repayments are integrated with your merchant processing account and are typically remitted either daily or weekly.

Why Inspyre's MCA?

Short, Simple Application

Minimal Paperwork required for Application.

Faster than a Bank Loan

Approvals and funding for MCA are usually very fast- typically within 24-48 hours.

Bad Credit? It's Okay!

Eligibility based on future cash flows, rather than your credit score.

No Collateral Required

Does not require a collateral to secure funding.

Use Funds Your Way

We provide the funds; you choose how to use them.

Scaled Repayments

Based on percentage of sales, repayments scale up/down with higher/lower sales.

Industries We Serve

No matter your industry, we serve nearly all industries. Check out the list of industries that we commonly serve.

Do You Qualify?

Minimum Eligibility

  • 6+ months in business.
  • $10,000 in monthly revenues.
  • Your business is based in the United States

What you’ll need to apply

  • Application
  • Last 3 months bank statements
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Our 3 Step Funding Process

Apply Online

Take a few minutes to share information about your business by completing the secure online prequalification form. A funding advisor will reach out to you to learn more about your goals.

24 Hour Approval

Your funding advisor reviews your options with you and helps you choose a funding solution that best fits your needs.

Receive Funds

Receive funds as soon as 48 hours upon approval. Our turnaround times are among the fastest in the industry.

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Ready to grow your business with us?

Let us help you unlock your business potential.