Merchant Cash Advances

When you receive a merchant cash advance from NextGen Capital, you’ll get a lump sum of funding in exchange for a percentage of your business’s future sales.

What is a Merchant Cash Advance?

Merchant Cash Advance (MCA) is a financing option where businesses receive cash upfront in exchange for a percentage of future credit card sales. Unlike traditional loans, MCAs typically have a faster application process and offer flexible repayment options.

When you receive a merchant cash advance from NextGen Capital, you’ll receive a lump sum of funding in exchange for a percentage of your business’s future sales. This means you’ll get the working capital you need now, while we collect a portion of your sales until the agreed-upon amount has been repaid.

Our Funding Advisors will collaborate with you to develop a customized funding plan that supports your business’s growth without straining your cash flow. Business owners averaging at least $7,500 in monthly sales over the last three months may qualify for an MCA ranging from 70% to 120% of their revenue, with funding amounts between $3,000 and $500,000. We offer both fixed and flexible repayment schedules, with no fixed term requirements.

Who Should Apply for a Merchant Cash Advance?

Merchant cash advances are ideal for:

Businesses in need of fast funding—MCAs can be deposited in as little as 24 hours

Businesses that process a high volume of debit and credit card transactions

B2C businesses requiring smaller amounts of funding

Businesses with lower credit scores

Business owners without collateral, such as real estate or other assets

Merchant cash advances can benefit restaurants, dental practices, attorneys, medical practices, gas stations, pharmacies, and more. Regardless of your industry, our expert Funding Advisors at NextGen Capital will work closely with you to identify the best funding solution to support your business goals without straining your cash flow.

How to Get a Merchant Cash Advance:

Apply

Gather three months of bank statements and other necessary records. For faster approval, securely grant us access to your bank account’s transactional data.

Choose Funding

A Funding Advisor will contact you within one hour (during regular business hours) to complete your application and discuss available funding options.

Get Funded

Once you and your Funding Advisor select the best funding solution for your business, your funds can be approved and deposited within 24 hours.

Set Repayment

Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales, with amounts based on your sales volume.

How to Use a Merchant Cash Advance:

With a merchant cash advance from NextGen Capital, there are no restrictions on how you can use your funds. MCAs are best suited for growth strategies that help increase your revenue, such as:

Seizing time-sensitive opportunities to expand your business

Enhancing your marketing strategy

Purchasing inventory or raw materials in bulk

Upgrading equipment or technology

Hiring new staff to support business growth

Investing in training and continuing education

Who Should Apply for a Merchant Cash Advance?

Merchant cash advances can benefit restaurants, dental practices, attorneys, medical practices, gas stations, pharmacies, and more. No matter what industry you operate in, our expert Funding Advisors will work closely with you to select the best funding option to help you achieve your business’s goals without sacrificing cash flow.

Businesses seeking fast funding—MCAs can be deposited in as little as 24 hours

Businesses that process a lot of debit and credit card transactions

B2C businesses that need smaller amounts of funding

Businesses with lower credit scores

Business owners that do not have collateral, such as real estate and other assets

Merchant Cash Advance Q&A

Can I get a merchant cash advance with bad credit?

Yes, you may be able to get a merchant cash advance with bad credit if your business has strong cash flow. Alternative lenders like NextGen Capital have lower credit score requirements, typically starting around 550. Merchant cash advances, invoice factoring, and other alternative small business funding are ideal options for businesses with low credit scores.

Can I get a merchant cash advance with no bank statements?

Some alternative lenders may approve a merchant cash advance with no bank statements, but you can expect much higher rates. NextGen Capital requires three months of bank statements and other financial records.

What type of business qualifies for an MCA?

Any business that accepts credit and debit card payments may benefit from a merchant cash advance, regardless of industry. Our team of knowledgeable Funding Advisors will work with you to assess your eligibility.

How do I qualify for a merchant cash advance?

Every business is unique. It’s always best to speak with one of our Funding Advisors to review your circumstances and assess your eligibility. In general, we look for consistent revenue with minimum monthly receipts of $7,500 or more, and 6+ months in business. We know that credit scores don’t tell the whole story, so we also consider the overall growth potential of your business.

Are there restrictions for how the funding is used?

We do not restrict how you can use your merchant cash advance funding. We believe small business owners understand best what they need to do to grow their businesses, so while our team may provide some coaching, the final decision is yours.

What is the interest rate on a merchant cash advance?

A merchant cash advance does not have an interest rate because it is not technically a loan. An MCA is an advance against future sales. The cost of the advance is called a “factor rate”, and it varies based on each business.