What is a merchant cash advance?
A merchant cash advance is a form of business funding where you receive a lump sum upfront in exchange for a set portion of your future sales. It is not technically a loan — it is the sale of a portion of future revenue — which is why it uses a factor rate rather than an interest rate.
How fast can I get funded?
Merchant cash advances are known for speed. Once your application and recent bank statements are reviewed, funding decisions can come quickly and funds can follow shortly after. Contact a FundFair Capital specialist for our current typical timeline for your situation.
Do I need good credit to qualify?
Not necessarily. MCA qualification leans more on your business revenue than your personal credit score, so business owners with less-than-perfect credit can still qualify. Lenders focus on consistent sales and time in business.
What is a factor rate?
A factor rate is a simple multiplier that determines the total amount you repay on an advance. For example, a $20,000 advance at a 1.3 factor rate means you repay $26,000 in total. Unlike an interest rate, it does not compound — the total cost is fixed up front. We explain your factor rate clearly before you commit.
How is a merchant cash advance repaid?
Repayment is automatic. A fixed percentage of your sales, or a set daily or weekly amount, is collected until the agreed total is met. Because it is tied to sales, payments can ease during slower periods.
What do I need to apply?
Typically a short application and your most recent business bank statements (often the last three months). Requirements vary by lender — we will tell you exactly what is needed for your situation. The application itself takes just a few minutes.
How much funding can my business get?
Funding amounts depend on your monthly revenue, time in business, and the lender. Because we compare multiple lenders, we work to find you the strongest offer you qualify for. Contact us for an estimate based on your specific situation.
Will applying affect my credit score?
Checking your options generally involves a soft inquiry that does not affect your credit score, though a lender may run a hard inquiry before finalizing an offer. We will clarify the exact process for your situation before anything is submitted.
Is a merchant cash advance the same as a loan?
No. A loan is borrowed money repaid with interest. An MCA is the purchase of a portion of your future sales at a discount. This distinction affects how cost is calculated and how repayment works.
Why use a broker instead of going direct to a funder?
A direct funder can only offer its own product. As a broker, FundFair Capital compares offers across a network of lenders, which means more options and a better chance of competitive terms — from a single application. Our compensation comes from lenders upon successful funding, so there is no cost to you for our brokerage services.