FAQ

How does an MCA differ from a loan?

An MCA is the purchase of your business future credit card receivables at a discount. There is no interest charged and there is no fixed payback period. An MCA is paid pack daily with a percentage of each credit card sale going to pay the MCA. An MCA works with your business cash flow needs in mind. If your business has a slow season or a slower month, you still pay a percentage of your credit card sales in this case a smaller amount as a result of lower sales. Because a percentage is automatically paid daily there are no checks to write or due dates to remember and you can go do what you do best which is run a successful business.

How quickly can my business be approved and funded?

The approval process is Fast. A benefit of an MCA is how quickly we can underwrite the MCA and provide you with working capital. When all required paperwork is received in a timely manner, you can be approved in 24 hours and funded within 5-7 days after that.

Are there application fees?

There is no fee to apply for an MCA. Apply now to see how much working capital your business is eligible for.

How much will my business qualify for?

A business will typically receive up to 100-200% of their monthly processing volume. Business owners do not realize that their future credit card receivable is an asset even before the sale is made.

What does my business need to qualify?

• Processing credit cards for 60 days
• Processing a minimum of $7,500 per month
No open bankruptcies

What is the minimum documentation required to be evaluated for conditional approval?

• Application to be filled out by 51% or more of your business ownership
• 4 most recent credit/debit card processing statements
• 1 most recent bank statement

Are there any additional items required for full approval?

• Drivers License
• Voided Check
• Proof of Ownership
• Our underwriters may require additional information in certain circumstances

How soon after funding can a merchant obtain another advance?

A business is typically eligible for an additional working capital once 50% of the amount of receivables purchased is repaid. Approximately 7 out of every 10 businesses return for additional working capital and sell additional future receivables to Capify.

How does a loan from Main Street Business Loans differ from a traditional bank loan?

A loan from MSBL is different in that there are small daily payments automatically debited from your bank account as opposed to having to come up with large monthly payments. Additionally, there is a quick application process, no personal collateral is needed and funding can be done quickly so a business can cover even its most unexpected of expenses.

How quickly can my business be approved and funded?

The approval process is Fast. A benefit of an MSBL is how quickly we can underwrite the Loan and provide you with working capital. When all required paperwork is received in a timely manner, you can be approved in 24 hours and funded within 5-7 days after that.

Are there application fees?

There is no fee to apply for an MSBL. Apply now and see how much working capital your business is eligible for.

How much will my business qualify for?

Merchants will typically receive up to 100-200% of their monthly gross sales.

What does my business need to qualify?

• In business for at least 60 days
• Generating a minimum gross sales of $7500 per month
  No open bankruptcies

What is the minimum documentation required to be evaluated for conditional approval?

• Application to be filled out by 51% or more of the merchant's ownership
• 1 most recent bank statement

Are there any additional items required for full approval?

• Driver's License
• Voided Check
• Proof of Ownership
• Our underwriters may require additional information in certain circumstances

How soon after funding can a business obtain another loan?

A business is typically eligible for a additional working capital once 50% of the loan is repaid. Approximately 7 out of every 10 businesses return for additional working capital from Capify