Merchant Cash Advance (MCA) is one of the highly preferred cash advances that can be availed quickly to overcome the immediate financial requirements in a business. It can be availed either by a startup for its development or by an established company for further development or expansion. An MCA is availed in accordance with the assumed future outcome of the credit sales of the company. The advantage of availing a merchant cash advance is that it can be availed soon. Also, there will not be much financial burden of repayment on the borrower. This is because the loan will have to be repaid as smaller amounts whenever there is a considerable credit sales for the company and a certain percentage of the profit amount will be taken as a repayment. This will continue until the whole amount has been repaid.
To avail a Merchant Cash Advance on InstantCreditLoansUS, you need to fill out a basic form and submit it with all the required details. We will process your loan request by taking into account different factors like the amount required, the financial circumstances, etc. The final amount and the terms of payment will be decided after considering various aspects & to suit your preferences.
Go ahead and start the process of availing your merchant cash advance, now!
Explore well on our website and check if you qualify for a suitable loan with us. As a borrower, you are requested to comply with the requirements of specific lenders in order to ensure a smooth loan availing process. Few states in the US have prohibited the practice of providing quick loans. The final decision regarding your loan approval shall be made after checking with the laws and regulations as per your residential state.
To get started on submitting your information for the merchant advance loan, please keep the following documents ready.
Instantcreditloansus.com is a direct lender of merchant cash advance, and therefore, it holds all the say over the annual percentage rate (APR) you will be offered. Prior to loan application, we will provide a representative APR based on data aggregated keeping in mind various aspects. Our APR usually ranges from 14% to 18% depending on a host of factors. APRs increase proportionately to the repayment terms which is anywhere between 61 days to 180 months. Your actual APR rate depends on your loan amount, credit score, loan term, and credit usage & history. It is agreed upon between you and our finance team.
If you are borrowing a quick merchant cash advance of $20,000 for a term of 10 years at an APR of 18%, the total payable amount at the end of 120 months (10 years) will be $43,244, with a monthly payable amount of approx. $360 and total payable interest of $23,244.