MCA

Merchant Cash Advance

Business owners often need short term cash to fund their business.  Whether you need to hire, buy or repair equipment, or get through seasonality, we can find the right funding solution for you. 

A merchant cash advance, or MCA, from Washington Lending Firm is a specialized type of business financing that is commonly used by small business owners as an advance against general accounts receivable and future sales. 

A merchant cash advance is not a loan. Instead, it is a cash advance against future sales. This type of funding commonly referred to as “revenue-based funding” as it is tied to the sales revenue of the merchant.

Features: 

• Approval in as little as 2 hours

• Funds available the next day

• Low eligibility requirements

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How Do Merchant Cash Advances Work?​

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We help you to find a bank that will provide to you as a business owner with a lump sum cash advance in exchange for a fixed payback amount over a pre-determined length of time. The amounts to be paid back are calculated as a percentage of the business’s sales, including future credit  or debit card sales repayment easy by drawing repayment amounts (known as holdback amounts) directly from the business owner’s credit card merchant account or business bank account. (Alternative payment arrangements can be made if necessary.)

Application Process

The application process is simple and our funding specialists are available to guide you every step of the way. 

1 – Complete MCA application and submit bank statements

2 – Our underwriting team will review your application and provide a decision in as little as 2 hours

3 – Our funding team will reach out to explain your MCA offer and collect a few additional pieces of information

4 – You review and sign the contact

5 – Funds will be deposited in your account the next business day

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