GET FUNDED WITHIN 24-48 HOURS
APPLY TODAY FOR A MERCHANT CASH ADVANCE
Apply in less than 3 minutes and receive a custom quote.
Applying has no affect on your credit score.
What is a Merchant Cash Advance?
A merchant cash advance (MCA) is unlike a traditional loan. Instead, it's a cash advance based upon the credit card sales of your business. Your business can apply for an MCA and have an advance deposited into an account within a few days.
LCS Funding Group will weight credit criteria and evaluate risk in a different manner than a banker. We inspect your company's daily credit card receipts to appraise if your business can pay back the funds in a timely manner. Your business “sells” a portion of future credit card sales to acquire capital immediately.
If you need immediate access to cash to meet a short-term need for capital, you can leverage your credit card merchant account to access funds. A merchant cash advance (MCA) is an alternative to the time-intensive approval process and extensive requirements required for a traditional term loan.
It’s important you understand the terms you’re being offered so you can make an educated decision about ROI.
LCS Funding Group will counsel you and your business through the specific options that best benefit your needs. Fill out the pre-qualification form today to get approved.
Agreement Information
An agreement is made between your business and LCS Funding Group regarding the advance amount, payback amount, holdback, and term of the advance. Once an agreement is secured, the advance is transferred to your business’ bank account in exchange for a future percentage of credit card receipts.
Assess Accounts
An agreed-upon percentage of the daily credit card receipts is withheld to refund LCS Funding Group. This is called a “holdback” and will continue until the advance is paid in full. Access to a business owner’s merchant account eliminates the collateral requirement required for a traditional small business loan.
Provide Documentation
Upon being qualified, you will be asked for several months of credit card processing as well as bank statements. You may also be asked to provide proof of citizenship as well as proof of a lease for the business location.
No Credit Impact
Due to the type of financing, your business will not build credit because LCS Funding Group does not report to business credit reporting agencies.
Apply for Funding
The application will be one to two pages and you will be asked for your social security number, business tax ID, and other important information about your business.
Fill out the pre-qualification form and receive a custom quote today. Get funding for your business in less than 48 hours.
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