Business Cash Advance by Rapid Finance
Rapid Finance is one of the largest merchant cash advance providers. Like all MCA providers, instead of charging an interest rate, you sell a portion of your future card sales in exchange of an upfront lump sum. Your total payment will be capped, typically 125% – 150% of the borrowed amount, which is expected to be paid back within a year. Unlike other MCA providers, Rapid Finance doesn’t charge a monthly minimum. The payment would be solely based on your monthly card sales. They also don’t require your business asset as collateral, which other MCA providers typically request.
No monthly minimum payment. No business lien placed. No application fee.
Not all digital. Prepayment penalty.
At least $100,000
You must have a 500+ credit score and no bankruptcies in the past year.
Time in Business
At least one year in business
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