Merchant Cash Advance (MCA)
Funding Qualifications:
+ Completed/Submitted Online Application
+ Last 4 Months of Business Banking Statements
+ Minimum $10,000 in Monthly Business Revenue
+ 6 Months TIB (Registered U.S. Business)
+ 500+ Personal FICO Score
+ A, B-C, D Paper Tier Funding (5th MCA position+)
+ 10 Deposits Monthly Min
+ NSFs/3 Monthly Max
+ No Lowered or Missed Payments
+ No Open Bankruptcies or MCA Defaults
+ U.S. Citizenship
MCA Reverse Consolidation (RC)
Funding Qualifications:
+ Completed/Submitted Online Application
+ Last 4 Months of Business Banking Statements
+ Minimum $50,000 in Monthly Business Revenue
+ 6 Months TIB (Registered U.S. Business)
+ 500+ Personal FICO Score
+ Consolidate up to 5 Merchant Cash Advances
+ 15 Deposits Monthly Min
+ NSFs/3 Monthly Max
+ No Lowered or Missed Payments
+ No Open Bankruptcies or MCA Defaults
+ U.S. Citizenship
++ We require the 1st page of each MCA contract to be consolidated for accuracy in calculating a debt schedule for current outstanding MCA balances. If contract(s) are not available, submit current Payoff Letters and/or Portal Views instead from funders' owed dated within the last 30 calendar days.