It Doesn’t Have To Be Complicated
From $20,000 to $5,000,000
3 – 18 Months
1-2 Business Days
Starting at 1.20
Businesses in need of immediate capital can apply for a Merchant Cash Advance with Gloven Capital and receive funds in their account within three days of approval.
Convert your future credit or debit card sales into instant working capital. Apply now to receive a lump sum of cash in exchange for a portion of your upcoming card sales.
They are fast, easy to obtain, and unsecured, so you won’t have to put your personal or business assets at risk.
A Merchant Cash Advance (MCA) is a fast and straightforward solution for small and midsize business owners who may not have collateral or have a low credit score, making it difficult to qualify for a traditional bank loan. With an MCA, business owners can receive a lump sum of cash upfront. In return, they repay the amount through a percentage of future credit and debit card sales processed via their merchant account.
In essence, an MCA is not a traditional business loan; it’s a cash advance provided by the lender in exchange for a portion of the business’s future revenue.
A Cash Advance is a great option for business owners with a low FICO score because it’s a short-term financing solution that doesn’t require collateral. Moreover, if you need working capital quickly, the approval process is much faster compared to other loan types.
As a business owner, you understand the importance of having capital available when it’s needed most. Whether you need to make urgent repairs or purchase new equipment to streamline your operations and boost revenue, access to funding is crucial. If you already have the money, that’s great, but what if you don’t?
The first option that typically comes to mind is getting a loan from the bank. However, with banks turning down business loans at record rates, many business owners are left feeling frustrated and with limited options.
Securing the financing your business needs shouldn’t be a challenge, especially when you’re facing circumstances that could threaten your success.
Fortunately, alternative lending institutions like Gloven Capital offer loan programs designed specifically for business owners in need of extra capital to improve their operations and grow their business.
Once you submit your application, we’ll assess your eligibility for the program and determine the amount of capital you can receive. If your application is approved, the funds will be transferred directly to your bank account. You can apply for a Merchant Cash Advance online or visit our office in Miami to complete the process.
Apply Online
Fill the loan application form with basic details like your name, social security number, business tax identification number, business location, and any other essential information regarding your business. The application can be done online or you can also download our pdf version, fill it out and follow the instructions.
Submit the Documents
Provide 6 months of business bank statements. Submit the documents that will be used to assess your business’s financial health as well as your identity. Some of the documents include your government-issued ID, and a statement showing your business’s credit card transactions.
Approval Process
After completing the loan request form and providing the initial necessary documentation, a loan specialist from Gloven Capital will notify you of the approval terms. Once you accept the terms we will send you the contract and finally, you will get funded. Getting approved for an MCA with us is easy.
That Our Cash Advance Program Has For You
Factor Rates From: 1.20
Terms: 3-18 months
Loan Amounts: $20K – $5M
Time to Fund: 1-2 Business Days
Time in Business: 1 Year
Existing Advance: No Problem
Tax Liens Acceptable: Yes
Industries Funded: All
Repayments: Daily or Weekly
Collateral Required: No
Restrictions on Uses: No
Consolidation/Refinancing Options: Yes
We’re here to help. Send us an email or call our experts at 1-305-890-9000
Gloven Capital offers business owners alternative working capital solutions through our various funding programs for business loans.
