Applying for Merchant Cash Advances

The application process for MCAs is similar to other financing options at Denali Advance. You’ll fill out an application to check for eligibility. For an MCA to work, you should have steady and regular credit transactions on record.

After initial approval, we’ll work together to determine the factor rate of your MCA financing instead of a traditional interest rate, factor rates. This is the rate taken out of each credit transaction that repays your financing. This generally falls between 1 and 1.5 percent, and the repayment happens automatically with each transaction until the amount is fulfilled.

MCA financing offers several key benefits. Like all the financing options at Denali Advance, you can expect to receive your borrowed capital quickly.

There is less red tape and paperwork needed to set up MCA financing. This is because we can easily determine your repayment eligibility based on average transactions of time and make a decision based on that metric.

One of the biggest benefits of MCAs is that you can’t fall behind on your repayment as you can with other, more traditional rapid financing solutions. When you have a slow month of business for one reason or another, you will simply repay less of your financing that month and more in months when you have great numbers.

When you acquire MCA financing through us, you don’t need to provide collateral to return the loan. At Denali Advance, we’re incredibly considerate of credit scores. We primarily base our financing decisions on the health of your business instead of your personal credit.

You can use your financing however you wish to pay employees, upgrade equipment, or bolster your inventory. During your budgeting process, ensure that your cash flow will remain positive after considering the automatic removal of 1-2% of every transaction.