MERCHANT CASH ADVANCE

WHAT IS A MERCHANT CASH ADVANCE?

Sometimes referred to as “credit card receivable funding” or “credit card factoring,” a Merchant Cash Advance (MCA) is the purchase of future credit and debit card receipts. Your business sells a fixed dollar amount of its future credit and debit card sales at a discount. Once approved, you’ll receive a lump sum of the working capital as the purchase price. Then you’re all set to use this money for any business need. It’s not a loan – it’s a smart way for businesses like yours to get the funds you need. The good news: No personal collateral is required. Qualification is primarily based on the strength of the business. And that means things like a business owner’s poor personal credit history is not an automatic disqualifier for an MCA from MBN Payment Systems. Compare that to other lenders and financing sources. Plus, we can get the money in your hands in as few as 5 days. With very little paperwork. Best of all, it’s a very cash flow friendly solution for your business. MBN Payment Systems gets paid when your business gets paid. It’s that simple.

HOW DOES IT WORK?

Your business agrees to sell a fixed dollar amount of its future credit and debit card sales at a discount. Your business receives a lump sum of working capital as the purchase price.

HOW DOES IT COMPARE?

MBN Payment systems can offer your small business many powerful advantages. Check out the chart below and see how our Merchant Cash Advance stacks up against some of the other options out there.

HOW MUCH CAN MY BUSINESS QUALIFY FOR?

It varies based on the situation, but funding amounts usually range from $5000-$150,000 per business location.

PORTFOLIO OF OFFERINGS

MBN Payment systems is here every step of the way to help small and medium-sized businesses get ahead with flexible options to provide your business access to the working capital it needs for inventory, renovations, equipment, marketing, or redesigning your website. MBN Payment systems’ Small Business Loans provide access to commercial loans with the flexibility of smaller, fixed payments to help plan and manage cash flow better.

SMALL BUSINESS LOANS

At  MBN Payment Systems, we’re all about saying “yes” to your financing needs. Plus, you can count on the predictability of smaller, fixed payments to help plan and manage cash flow better. And unlike with other lenders, the application process takes hours, rather than weeks. We’re totally different from those finance companies that rely mainly on your personal credit score and collateral. Instead of focusing on just these one or two factors, we work hard and finds ways to say “yes.” With  MBN Payment Systems, choice is key. Are you solving for a specific dollar amount, or the smallest payments or the shortest term? We’re ready to help you select the terms that are right for your needs.

HOW TO QUALIFY

We make it simple to get working capital

A business loan through  MBN Payment Systems takes the best aspects of business loans and make them better. Plus, we serve hundreds of types of industries. So whether you’re a restaurant, a medical office, or a hair salon, we’re all about helping meet your needs. And we make it easier to qualify for a business loan than others out there.

Qualification requirements (and some legal stuff) at a glance

  • Good news: An owner’s damaged credit history isn’t an automatic disqualifier for the business.
  • The same business ownership at the same location for a minimum of two years.
  • Your business should be located in the US.
  • Can only be used for a business purpose. We do not provide consumer loans.
  • Must be up to date and current with your landlord – if you have one.
  • No open bankruptcy or a bankruptcy resolved within 12 months prior to receipt of application.

HOW DOES IT COMPARE?

You probably see lots of competing loan options out there. But how do you choose what’s right for your business? Take a look at the chart below, which clearly lays out the differences between our loans and some of the most common options.

HEALTHCARE FUNDING

WORKING CAPITAL

This program is perfect for the healthcare professional that needs funding immediately. Our working capital programs range from $20,000 – $200,000 and are the perfect way to increase operational cash flow, pay taxes, improve marketing and serve your general capital needs.

DEBT CONSOLIDATION

Do you have multiple revolving business related debts with high interest rates and balances? Having numerous due dates can be overwhelming and highly stressful. Wouldn’t it make your life easier to make one smaller, affordable monthly payment to only one lender? Unlike traditional lenders, MBN Payment Systems understands the commercial debt obligations that healthcare professionals face. We have the private equity available to consolidate your debt today.

EQUIPMENT FINANCING

When a vital piece of equipment breaks down or you seek to provide new services for your patients, MBN Payment Systems is here to help. Our experienced staff will work with you to develop common-sense financial solutions at competitive pricing to ensure that your practice is well-equipped for years to come.

EXPANSION & IMPROVEMENT

What about your plans to expand or remodel that you’ve been putting off? Let our team help you get started on them today with a fixed rate loan, with no hard collateral required.

PRACTICE AQUISITION

Whether you’re purchasing your first practice or just buying out a partner, MBN Payment Systems can provide the capital and experience that you may need to make your transaction as smooth as possible.

BECOME A CUSTOMER

MBN Payment Systems offers Mechant Credit Card Processing for all your payment processing needs. Please complete our application to begin the profitable journey of becoming one of our customers.

Questions?