Since MCA is cash flow driven, companies with poor personal and business credit can also get an approval.
Merchant Cash Advance ranges anywhere from $5,000 up to $2,000,000 (depending on the percentage of the business credit card receivables or daily cash balances and bank statements to determine the initial advance). This can be for a period ranging from 3 months to 2 years.
The business pays back the advance, alongwith a percentage from a portion of their credit card receivables or cash available. Repayment for these transactions are usually made either on a daily basis or on a weekly basis by an automatic deduction from a company’s credit card sales or bank deposits.
Which means you can benefit from the current market prices.
We have a positive reputation in this industry because of our fair, customized pricing and quality customer support.
Our high-risk merchant account provider gets credit card transactions processed online or face to face in no time.
Canna Group specializes in payment processing solutions for businesses that require high-risk merchant accounts to process credit card payments.
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