Merchant Cash Advance
Cash for your business, decided today.
Apply online in about 3 minutes. Get a decision the same day and funding in as little as 24 hours. Simple requirements, no impact on your credit and no obligation.
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Simple, clear terms
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Fast approval
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Funding in as little as 24 hours
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Decisions based on your revenue
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Minimal paperwork
Merchant Cash Advance
Minimum Requirements
These are the basic criteria to be eligible for a Merchant cash advance with Monark.
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$10,000 in monthly revenue
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550+ Credit score
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6+ months in business
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Business bank account
How a Merchant Cash Advance Works
A merchant cash advance gives your business a lump sum today in exchange for a portion of your future sales. Decisions focus on the money moving through your business, not just a credit score.
A simple example
Say your business needs $50,000 for inventory. Once approved, the funds can reach your account in as little as 24 hours. You pay a set amount over time through small daily or weekly payments, so your cost is known up front. Your exact amount, term and payment depend on your business and your agreement. We walk you through every number before you accept anything.
Who it is a good fit for
- Owners who need cash fast for inventory, payroll, equipment, marketing or a slow season
- Businesses with steady monthly deposits but limited collateral
- Owners who were told no, or told to wait weeks, by a bank
What happens after you apply
- Apply online in about 3 minutes.
- Get a decision from a funding specialist, often the same day.
- Review your offer with no obligation to accept.
- Get funded in as little as 24 hours after you accept.
Ready to see what you qualify for? See My Options or call (954) 355-6622.
Not sure a merchant cash advance is the right fit? Compare a line of credit, term loan, SBA funding, equipment financing or invoice factoring. We also fund restaurants, trucking companies and contractors.
Speak to a funding specialist
Speak with a funding specialist to get approved for a Merchant Cash Advance today!
Frequently asked questions
A merchant cash advance doesn’t use an interest rate. You receive a lump sum and pay a fixed total, which is the advance multiplied by a factor rate. Factor rates commonly run from about 1.1 to 1.5, depending on your revenue, time in business and bank activity. For example, a $50,000 advance at a 1.3 factor rate means a fixed total of $65,000, typically paid over several months. Your exact total is shown before you sign, so you know the full cost up front.
Payments are taken automatically from your business bank account, daily or weekly depending on your offer. There’s no monthly bill to remember.
Payments are small and scheduled, so most owners can plan around them. We show you the payment amount up front, and you should only accept an offer that fits your cash flow.
To get started, we normally need a short application and 4 months of business bank statements.
Funding is often same-day, and as little as 24 hours is typical once your documents are in.
It usually doesn’t affect your credit score. In some cases a soft credit check may be used, and we’ll let you know before we do anything.