The MCC business cash advance provides businesses generating at least $5,000 in monthly credit card receipts with an immediate source of funds to meet its cash flow needs. Neither a loan nor a credit line, the MCC cash advance is secured only by future credit card receipts. Advances of up to 200% of monthly receipts can be funded in as little as 72 hours and repaid from future receipts.
Cash flow is critical to the growth of a small business, and any interruption in it can be devastating. Most small businesses can't qualify for business loans, and for those that do, the loan process can be very lengthy. The MCC cash advance is an immediate funding source for businesses that generate $5,000 or more in monthly credit card receipts. The process is simple and straightforward, so businesses know what they can count on when a cash crunch hits or an opportunity presents itself. It doesn't require collateral, and it doesn't create a personal liability for the owners.
Simple and straightforward.
There are no lengthy loan applications or credit checks with MCC's Cash Advance. After answering a few questions and submitting minimal documentation you could have your funds transferred to your business checking account in as little as 72 hours following your final approval. Then MCC will deduct a small fixed percentage of your daily credit card batches until the advance is paid in full. It doesn't get any easier than that.
Funding your cash flow needs with an MCC cash advance allows you to focus on growing your business without concern for a lengthy loan process, extra check writing, late payments or late fees. In fact, once your advance is approved, everything is on autopilot, even cash advance renewals can be funded automatically.
Flexibility and control.
There are no limitations on how you want to use your funds. And, because the advance is repaid with a small fixed percentage of your daily credit card batch, you're not bound to a fixed or minimum payment. If your sales are down for the month, no problem, MCC only collects the same small fixed percentage. For you, it's just business as usual.