Yes, as long as you have a credit score of 500+ you may be able to get a merchant cash advance with bad credit if your business has strong cash flow. Alternative lenders like The Belmont Franklin Group have lower credit score requirements, typically starting around 500. Merchant cash advances, invoice factoring, and other alternative small business funding are ideal options for businesses with low credit scores.

The Belmont Franklin Group requires three months of bank statements and other financial records.

Any business that accepts credit and debit card payments may benefit from a merchant cash advance, regardless of industry. Our team of knowledgeable Funding Advisors will work with you to assess your eligibility.

Every business is unique. It’s always best to speak with one of our Funding Advisors to review your circumstances and assess your eligibility. In general, we look for consistent revenue with minimum monthly receipts of $5,000+, and 6+ months in business. We know that credit scores don’t tell the whole story, so we also consider the overall growth potential of your business.

We do not restrict how you can use your merchant cash advance funding. We believe small business owners understand best what they need to do to grow their businesses, so while our team may provide some coaching, the final decision is yours.

A merchant cash advance does not have an interest rate because it is not technically a loan. An MCA is an advance against future sales. The cost of the advance is called a “factor rate”, and it varies based on each business.

A merchant cash advance works by granting businesses access to working capital in return for a portion of their future credit card or other receivables at a discounted price. Small businesses can apply online and, if approved, we’ll send the funds to the business bank account provided.

A small business that wants to apply for a merchant cash advance must have accounts receivable such as credit/debit card sales and invoices. After they apply, the alternative funder will need to review credit card processing statements, business bank account statements, invoices, and other important documents.

Merchant cash advances allow access to quick working capital with flexible payment options that tend to be more flexible than traditional small business loans.

With upfront access to working capital, businesses can more quickly fund their needs. By basing payments on a portion of future receivables, it allows for a more flexible payments. Cash advances are ideal for businesses that are seasonal or have high credit card sales/lots of receivables.

Yes. A merchant cash advance is the same as a business cash advance, just with different terminology.

A merchant cash advance is a purchase and sales transaction where a financing company purchases a portion of a business’s future revenue stream at a discount in exchange for an upfront sum of working capital.

A small business loan is when a financing company lends money to a borrower and the borrower must repay the small business loan with fixed payments.