How It Works
A merchant cash advance is designed to provide business owners with the upfront cash they need without the hassle of applying for a traditional bank loan. Better yet, we deduct a specified percentage of your daily credit card sales to apply towards your repayment so that means you are not locked in to making a monthly payment that you can't afford. We get paid as you get paid. Applying for an advance with Merchant Cash Group is simple, straightforward, and only involves 4 easy steps. The entire process can be completed in less than 1 week!
Step 1:
Complete our short online application and we will contact you within one business day to let you know if you are preapproved.
Step 2:
Once you are preapproved, we will assist you with completing the merchant funding application. You will also need to send us your 3 most recent credit card processing statements, as well as a few other items.
Step 3:
Once we receive your completed funding application and other required documents our underwriting department will review your information and determine the funding amount you qualify to receive. We will discuss your available funding options with you, so that you feel comfortable and satisfied with the final funding amount.
Step 4:
If you accept funding we will work quickly to complete the process and ensure that you receive funding as quickly as possible. Once you're approved, you can receive the funds in as little as 1 to 2 business days.