What Is A MCA

 

MCA is a Merchants Cash Advance that is advantageous for businesses with unsteady cash flow or seasonal business cycles, as it’s not a fixed amount of money demanded each day, but a percentage of your sales. This can also make it hard to calculate the total cost of a merchant cash advance term sheet. Use the APR calculator below to find out what you will be paying on a merchant cash advance.

Why Not A Merchants Cash Advance

Many business owners are turning to alternative lending options and steering clear of banks and their ridiculous loan qualifications. Most online lenders are brokers that auction your application to the highest bidder, leaving you with unanswered questions. We provide a simple and direct answer. New Merchants Capital appeals to today’s entrepreneurs because we offer:
Fast and Secure Loan Approvals
  • Professional and Personal Service
  • NO Collateral Requirements
  • The Lowest Borrowing Rates Guaranteed!
We offer short term loans ranging from $5,000 - $600,000 that can cover a number of needs like renovations, inventory, storage, or perhaps new equipment to give your company the edge it needs.

No Hidden Cost With NMC

A merchant cash advance (MCA) is a type of financing in which a business sells a percentage of their future credit/debit sales for an upfront amount. The MCA lender gets paid by directly debiting the card receipts from the merchant’s account daily, before the business itself can access any money from sales.

Some common merchant cash advance are Invoice Financing, Line Of Credit, Equipment Finance and Short Term Loans .

An MCA is advantageous for businesses with unsteady cash flow or seasonal business cycles, as it’s not a fixed amount of money demanded each day, but a percentage of your sales. This can also make it hard to calculate the total cost of a merchant cash advance term sheet. Use the APR calculator below to find out what you will be paying on a merchant cash advance.

Business Loan Calculator Definitions

Loan Amount
The loan amount should be easy for you to spot — it’s the total amount the lender is offering to your business.
Interest Rate
The interest rate is the percentage that will be charged on the amount of money you borrow from the lender. You may have heard “APR” and “interest rate” used interchangeably, but they’re not the same thing. The APR looks at the entirety of the loan cost, including fees. That’s why it’s so important to use a business loan calculator to find out your APR — it helps you examine loan terms with different fees to make an apples to apples comparison and get the lowest-cost option that’s best for you.
Origination & Application Fees
An origination fee is charged by the lender as an upfront cost of processing, underwriting and issuing the loan. Application fees help cover the cost a lender incurs to check your personal and/or business credit, do a background check, etc.
Loan Term
The loan term is essentially the length of your loan. For business term loans, this is often expressed in months since the repayment term is shorter than other term loans, like the popular 30-year mortgage.
Monthly Servicing Charge
A lender may ask you to pay a monthly fee to service your loan. This fee is applied toward ongoing lender costs, similar to the origination fee.

Types Of Services

Credit Card Processing

New Merchants Services offer no lengthy contract requirements and no cancellation fees make this processor a good option for businesses of all sizes. Its tiered rates are good, it’s interchange-plus rates are average, and its monthly fee is lower than average.

Short-Term Loans

Short-term loans are like regular term loans, but you’ll pay them back over shorter terms. Alternative lenders offer a smaller amount of financing with short-term loans with 3- to 18-month terms.

Invoice Financing

Invoice financing, NMC offer fast cash based on your business’s outstanding invoices. You’ll be advanced usually 85% of your outstanding invoice, and charged a factor fee each week the invoice goes unpaid.

Merchant Cash Advance

New Merchant Capital  advance you fast cash that you’ll pay back with a portion of your business’s daily credit and debit card sales. This option can be a good one if you have poor credit, but they tend to be the most expensive financing option on the market. But at NMC  we find what will work for your business.

Equipment Financing

Use an equipment loan to finance up to 100% of the cost of your business’s new or used equipment and machinery. The best part? The equipment itself acts as collateral

Business Line of Credit

Both traditional banks and online lenders offer revolving lines of credit that you can tap into whenever you want or need to for your business.

Lending Partners

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