A Merchant Cash Advance (MCA) is a quick financing solution for businesses, offering lump-sum cash based on future credit card sales. Repayment is automatically deducted daily as a percentage of the business's sales, providing flexibility. This option is ideal for businesses with fluctuating cash flow or less-than-perfect credit. MCAs are typically faster to secure than traditional loans, with minimal paperwork. However, they often come with higher fees, making them a more expensive option over time.
Revenue-based financing is a type of funding where businesses receive a lump sum of capital in exchange for a percentage of their future revenue. Unlike traditional loans with fixed monthly payments, repayments are tied to the business’s daily or monthly revenue, making it a flexible solution for businesses with fluctuating income. The amount paid back each period adjusts based on the company’s sales, so during slow periods, payments are lower, and during high sales months, they are higher. This type of financing is ideal for businesses that may not have consistent profits but have strong future growth potential. With faster access to capital and fewer eligibility requirements, revenue-based financing is a great option for small business owners looking for a dynamic way to fund their growth.
Legacy Advance is a trusted provider of business loans, offering flexible and fast financing solutions tailored to meet the unique needs of your business. With a streamlined application process and quick approval times, Legacy Advance ensures you can access the capital you need when you need it most. They offer a variety of loan options, including term loans and merchant cash advances, making it easy to choose a plan that works with your business’s cash flow and goals. Their customer-focused approach means you’ll receive personalized service and transparent terms, ensuring no hidden fees or surprises. Whether you're looking to expand, cover operational costs, or seize new opportunities, Legacy Advance is a reliable partner dedicated to helping your business thrive.
Contact us to schedule a time to meet. We look forward to helping you meet your financial and growth goals.
info@legacyadvancellc.com
Phone
929-783-7816
About
At Legacy Advance, we are committed to helping businesses grow by offering flexible, fast, and reliable financing solutions. With a focus on transparency and customer satisfaction, we provide business loans tailored to meet the unique needs of each company, from term loans to merchant cash advances. Our simple application process, competitive rates, and personalized support make us a trusted partner for business owners seeking the capital they need to succeed.