Merchant Cash Advance

A merchant cash advance is a fast and easy way to acquire funding for your business, even if your credit scores aren't good. No collateral is needed.

  • A maximum advance amount of $2,500 to $500,000.
  • Repayments collected daily via your merchant account.
  • Factor fees at 1.14 – 1.48.
  • Funding arrives as little as one day.
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The 3-Step Process

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1. Application

Fill out our online form to begin your qualification process.

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2. Assessment

A member of our team will review your application carefully to find the best approval for your business.

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3. Approval

Receive the working capital for your business within one day.

The Basics of Merchant Cash Advance

Merchant cash advances aren't loans. They're advance payments against the business' future income.

Applying for a business cash advance can be your shortcut to business funding. It's a convenient option for growing your business.

We, at Merchant ReFi, take pride in our diverse marketplace. We are all about helping all sorts of business owners fund their own business. If waiting for the conventional loan doesn't fit in your schedule, a business cash advance is your quick solution.

In a merchant cash advance, you are provided with a lump sum that’s repaid automatically through a percentage of your daily credit card receipts. This percentage is referred to as the retrieval rate or remit. This can be anywhere from 5%-20%. The retrieval rate or remit percentage is based on your business’ credit card sales, repayment term, and based on the size of the advance. Repayments begin after you receive the funds.

Business cash advance providers review your receipts over the past three to six months to calculate your eligibility for a merchant cash advance. Generally, a cash advance can range from 50%-250% of a business’ credit card transactions.

But while a merchant cash advance is undeniably one of the quickest and easiest financing options, it’s also one of the most expensive loans on the market.

Factor rates, instead of an interest rate, are how merchant cash advance providers measure your fees. These factor rates range from 1.14-1.48.

When converted into the annual percentage rate, these often begin at 15% and can go all the way up to three digits. Cash advances are usually chosen by those with lower credit scores or those who are just starting their businesses.

Also, the average repayment time frames last between 6-9 months. The term can be as short as four months though and can extend as far as 18 months — depending on the type of business you operate. The higher the fixed percentage of your credit card sales, the shorter your repayment time will be.

A business cash advance has several features that make them preferable for some people, as a source of funds. Some of the benefits you can garner by availing a cash advance include:

  • Quicker funding: potential for approval and funding is much faster; sometimes rendering a final decision within hours and delivering the funds straight to you right after.
  • Frank application process: you can apply for an MCA online. It’s as easy as completing the form and uploading supporting documents that are required.
  • Perfect credit isn’t required:where credit cards are concerned, MCA lenders are more lenient.
  • No collateral: you don’t need to use a business or personal asset as a guarantee of repayment.
  • Lenient payments: what you pay is proportionate to how much your business is earning.
  • Greater borrowing limits:in terms of how much you can borrow, merchant cash advances can have a borrowing limit of up to $2,000,000.

As mentioned before, merchant cash advances are ideal for businesses that are just starting or need fast access to cash.

On the upside, you repay a smaller amount of money during the weeks and months when businesses are slow — unlike other loans. Also, if you don’t like the idea of putting personal or business assets on the line (or as a form of insurance) a business cash advance is unsecured.

How Do I Qualify For a Cash Advance?

Merchant cash advance providers tend to have easier eligibility standards. For this reason, small businesses won't have much trouble applying and qualifying.

An MCA is also ideal for a business that acquires much of its revenue through credit card payments. Restaurants or retail stores is a better example of businesses that can benefit from a cash advance as a short-term financing tool. Availing an MCA helps with your working capital, debt payments, and many more.

Most businesses who received approval had:

  • Credit scores of 500 or more
  • Annual revenues that exceed $180,000.
  • Been doing business for at least six months.

Applying for a Merchant Cash Advance

The majority of merchant cash advance applications are done through the internet. Also, the possibility of getting approved on the same day or within hours is reasonably good.

Some documents we required include:

    • Credit scores
    • Credit card processing statements


  • Bank statements
  • Driver’s license
  • Voided business check

Ready to get the funding your business needs?

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How much will a Merchant Cash Advance Cost?

Fast cash is expensive cash. This fact is well-established and based off of MCA's general structure; a business cash advance comes off of your cash flow.

But this is how you can calculate the real cost of a merchant cash advance.

For instance, let’s say you’re advanced $15,000 with a factor rate of 1.17.

$15,000 is then multiplied by 1.17, producing $17,550. This amount is what you’ll need to repay.

Merchant cash advances are popular for being quick and convenient. They also tend to be worth their high price if you are confident about being able to repay it quickly without harming your cash flow.

Just be mindful not to take more than one of these at a time. Multiple daily or weekly payments will quickly eat up your cash flow and leaves little room for a bad week or month of business. It may also prevent you from getting approved for cheaper and more traditional programs in the future.

What’s in it for you?

Your small or even medium-sized business has financial obligations. We recognize that, and our business cash advance can help! You can use your advance for anything related to your business — such as inventory, taxes, payroll, and more — and you can get it as soon as you’re approved. Our company also doesn’t require you to put down any collateral, making the process easier and less stressful for you. Looking for an increase in working capital? Welcome to Merchant ReFi.

On top of that, you also qualify to receive United Airlines MileagePlus® Award Miles. You’ll receive your bonus miles 30 days after funding for $20,000 or more if your account is in good standing. Whether you’re taking a business trip or jetting off on a family trip is up to you — we’re just here to help make it possible.

Merchant ReFi

Not sure how to find working capital? Merchant ReFi is the answer. Get merchant finance as soon as you’re approved — which is often the same day you apply — and repay your merchant advance easily through small percentages taken out of your company’s credit card transactions or through a fixed ACH debited to your bank account. We’re business lenders who are here to help your business succeed, and you get United MileagePlus® award miles while you’re at it.


Earn 10,000 United MileagePlus® bonus award miles with any qualifying Merchant ReFi advance

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Merchant ReFi is the only direct funder to offer bonus United MilagePlus award miles along with fast working capital.

Get an advance and earn 10,000 United MilagePlus bonus award miles.

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Merchantrefi BBB Accreditation

The United MileagePlus miles earned by funding with Merchant ReFi can only be received by the persons signing the agreement for funding. The name of the recipient(s) must match the name of the persons signing for the agreement, and the miles may not be earned by any other persons within the respective organization. The miles will be earned by the recipient(s) one time for completing funding, and will be sent out within 6-8 weeks of funding. If there are any questions about this please contact Merchant ReFi support at 1-877-737-7334, and not United MileagePlus.