Merchant Cash Advance Questions and Answers
Merchant cash advance questions, one at a time.
Each page here answers one question owners ask us, starting with the direct answer, then the math or the law behind it and what to ask the funder. The shorter versions live in the FAQ; these go one step further.
Positions and stacking
Applying
- Can I apply for a merchant cash advance from my phone?
- What does a funder ask on the verification call?
- Do I need a business bank account to get an MCA?
- Can I get an MCA if I just opened a new business bank account?
- Do all owners have to sign a merchant cash advance?
- Can I get an MCA for a business I just bought?
- Can my bookkeeper or partner handle the MCA process for me?
- Can I get an MCA quote before I send bank statements?
- Why do funders ask for my ID, a voided check and proof of ownership?
- Why would a funder call my landlord or visit my business?
- Who is the actual funder on my MCA offer?
Your business and your file
- Can I get an MCA if most of my revenue comes from one customer?
- Do cash deposits count toward an MCA?
- Do Zelle, Venmo and Cash App payments count for an MCA?
- Can I get an MCA with a court judgment against my business?
- Can I get an MCA if my business is being sued?
- Can I get an MCA if I'm behind on rent?
- Can I get a new MCA after defaulting on one?
- Why do funders turn down certain industries?
- Can a cannabis business get a merchant cash advance?
- Can I get an MCA with a low average daily balance?
- Do funders look at profit or revenue for an MCA?
- Do I need tax returns to get a merchant cash advance?
- Can a home based business get a merchant cash advance?
- Can a nonprofit get a merchant cash advance?
- Can a franchise owner get a merchant cash advance?
- Can I get a merchant cash advance with an ITIN instead of a Social Security number?
- Can a non-citizen get a merchant cash advance for a US business?
- Can I get an MCA if I live in a different state than my business?
Bank statements and deposits
- Does personal spending on my business account hurt my MCA?
- Will a funder look at my personal bank account?
- What if I switched banks in the last few months?
- Do funders accept statements from online banks and fintech accounts?
- Will one big deposit help my MCA offer?
- Will a paid off MCA on my statements affect a new offer?
- Can the funder see my bank account after I'm funded?
Offers and contracts
- What's the difference between an MCA approval and an offer?
- Can I ask for a smaller amount than I was approved for?
- Can I choose my MCA payment amount?
- Is it safe to e-sign an MCA contract?
- How do I get a copy of my MCA contract?
- Should my accountant review my MCA contract?
- What does an arbitration clause in an MCA mean?
- What is a venue or forum clause in an MCA contract?
- What does a jury trial waiver in an MCA mean?
- Can a funder change my MCA terms after I sign?
- Can I sell my business while I have an MCA?
- What happens to my MCA if I close my business?
- What happens to an MCA if the business owner dies?
- Can I move my business to another location or state during an MCA?
- Does an MCA contract need to be notarized?
After you're funded
- Can I make extra payments on my merchant cash advance?
- Does a merchant cash advance have an amortization schedule?
- How do I check the balance on my merchant cash advance?
- Does an MCA have principal and interest?
- What does an MCA payment look like on my bank statement?
- Who do I contact about my MCA after funding?
- What happens if my bank account is closed during an MCA?
- What if my MCA funder is debiting more than we agreed?
- What happens when I finish paying off my MCA?
- Can I refinance a merchant cash advance with an SBA loan?
- What happens to my MCA if my sales go up?
- Can my MCA funder contact my customers?
Renewals and consolidation
- What do I need to renew my merchant cash advance?
- Is an MCA renewal cheaper than the first advance?
- Why is my MCA renewal check smaller than the approval amount?
- Can I consolidate business credit cards or loans along with my MCAs?
- Can I consolidate my MCAs if I'm already behind on payments?
- What happens to my old UCC filings after an MCA consolidation?
- How long does an MCA consolidation take?
- Will asking for a reconciliation hurt my next MCA offer?
Credit and liens
- Does a merchant cash advance build business credit?
- How do I build business credit for my small business?
- Can I get a bank loan after taking a merchant cash advance?
- Will an MCA's UCC filing stop me from getting a bank loan?
- How do I find UCC filings on my business?
- Does my spouse have to sign the personal guarantee on an MCA?
- Will a merchant cash advance affect getting a mortgage?
Revenue-based financing and lines of credit
- Does revenue-based financing take equity in my business?
- What's in a revenue-based financing agreement?
- How much revenue-based financing can my business get?
- What revenue data do revenue-based financing funders look at?
- How much can I draw on a business line of credit?
- Do I pay for a business line of credit I don't use?
- Why was my business line of credit reduced or closed?
- Can I have a line of credit and an MCA at the same time?
- Can I get a merchant cash advance funded on a weekend?
Don't see your question?
Call 877-FUND-654 with any question. We call you back, usually the same business day, and we always talk with you before we shop your file.