Merchant Cash Advance, done the way the market should have built it.

A merchant cash advance (MCA) is the purchase of a fixed amount of a business's future receivables at a discount. The business receives a lump sum today and remits a fixed daily or weekly amount, or a percentage of card sales, until the purchased receivables are delivered. It is a commercial purchase of receivables — not a loan — so there is no APR in the traditional sense; pricing is expressed as a factor rate (typically 1.15–1.49).

You sell a defined amount of future revenue (the 'purchased amount') for an upfront lump sum (the 'purchase price'). Repayment is collected daily or weekly via ACH or split-funding from a card processor. There is no fixed maturity — repayment ends when the purchased amount is delivered, usually in 3–18 months.

Most funders require 4–6 months in business, $10,000+ in monthly revenue, a U.S. business bank account, and a FICO of 500+. Summit's network includes funders that approve credit scores as low as 450 and businesses as young as 3 months when monthly deposits and daily ledger balances are strong.

Summit funds MCAs from $5,000 up to $2,000,000 per position. Initial advances typically equal 80–150% of average monthly deposits. Renewals and stacked positions are evaluated case-by-case.

Strictly speaking, an MCA is not a loan — it is a sale of future receivables. The phrase 'MCA loan' is used colloquially to describe the same product. The legal distinction matters: true MCAs are not subject to state usury caps because there is no fixed repayment obligation if the business genuinely fails.

Same day in most cases. Submit a 4-minute application plus the last 3 months of business bank statements. Approvals are typically issued within 2–4 business hours; funding wires same day if signed before 2pm ET.

The factor rate is the multiplier applied to the purchase price to determine the purchased amount. A $100,000 advance at a 1.30 factor obligates the business to deliver $130,000 in receivables. Convert to approximate APR with our factor-rate-to-APR calculator.

Yes. Summit's lender network includes funders that work with credit scores in the 450–550 range, prior MCA defaults, tax liens (with payment plans), and open positions. Pricing reflects the additional risk.

Yes. MCAs are legal commercial transactions in every U.S. state. Disclosure rules vary — California, New York, Utah, Virginia, Connecticut, Georgia, and Kansas require state-specific commercial financing disclosures, which Summit produces automatically on every offer.

Summit operates a direct funding desk and a broker/ISO partner program. Submit deals through our portal for same-day matching across 70+ funders, white-labeled offers, broker-protection, and weekly commissions. ISO agreement and broker protection terms are available on request.