Business Financing With MCA
A Merchant Cash Advance¹ from Greenbox Capital is one of the fastest ways a business can receive a cash infusion to seize opportunities and secure business success. Sometimes referred to as “credit card receivable funding” or “sale of future receivables” a Merchant Cash Advance (MCA) is the purchase of future receivables.
Greenbox Capital is your access to working capital now. Businesses averaging $7,500 monthly revenue for each of the past three months may qualify for a cash advance equal to 70% to 100% of their monthly revenue. Greenbox Capital grants business cash advances from $5,000 to $250,000.
No collateral is required. Qualification is primarily based on the strength of the business. Poor personal credit history or lack of collateral is not an automatic disqualification for a merchant cash advance. Greenbox Capital makes decisions based on the business’s track record and potential. Compare that to the strict requirements demanded by other financial sources and lenders and it’s clear why Greenbox Capital is a great funding resource for small-and medium-sized businesses. Plus, Greenbox Capital can get the money in your hands in as few as 24 hours, with minimal paperwork.
Designed to Boost Growth
How a Merchant Cash Advance Helps
- A business owner needs cash now and doesn’t have the collateral or credit score needed to secure a bank loan. Even if a bank loan was possible, the lengthy and complicated bank approval process is prohibitive.
Typical Situations Business Owners Face
Cash is short and payroll is due
A deal on liquidated inventory is suddenly available
Unexpected or emergency expenses cannot wait
- Apply for a Merchant Cash Advance from Greenbox Capital and receive fast pre-qualification. What’s more, Greenbox Capital never places restriction on how you use the cash.
Fast Cash From Greenbox Capital Is A Small Business Lifesaver
Small businesses need to be supported not thwarted, so Greenbox Capital’s payback options are as flexible as our application process is easy. Choose Automatic Clearing House (ACH) payments, which are fixed. This is ideal for the business owner who feels secure knowing that a set amount is due daily or weekly. Seasonal businesses with fluctuating sales can choose split funding, which is a payment based on a fixed percentage of credit card receipts. The credit card receipts will vary according to sales, but the percentage of the receipts due as payback is agreed upon in advance.
Merchant Cash Advances from Greenbox Capital provide immediate cash when your business can’t wait.
- Low credit scores OK
- No collateral needed
- Lump sum funding as fast as 24 hours
- Automatic repayment
- Repayment syncs with your credit card receipts
- No hidden fees
Collateral-Backed Financing for lower rates or businesses with less revenue and cash flow. We believe in small business success. Let Greenbox Capital share our can-do attitude with you. We promise to look at the big picture of your business performance and potential. Ask us about a collateral-backed loan if your sales volume or credit card receipts are not strong enough for an unsecured cash advance or loan. Collateral-backed or asset-backed financing usually come with better rates than non-secured funding.
Special Greenbox Capital Programs
3 Stip Business Cash Advance:
- Requires voided check, driver’s license and bank account verification via decision logic or screen share
- Up to $30,000 advanced
- In business 2+ years
- No NSFs, overdrafts, or negative days
- No businesses with large lease payments
- No retail businesses
- Established business background
- No negative information found regarding the business or its principals
Escrow Program: Merchants can get funded prior to paying off existing cash advance with another lender
Early Pay-off Program: Options to pay off at 30, 60, or 90 days from the date of funding to receive a discount. For every 30 days that the advance is paid early, the merchant can receive a factor rate reduction.
Business Line of Credit: Get approved for up to $250,000 but only withdraw funds as needed. Businesses can withdraw less than the full approval amount and continue to access more cash fast without first having to repay 50% of the original approval amount, so long as the business health remains unchanged or improves.
Knowing that money is coming is no help when you need the cash now. Businesses that get paid long after goods or services are delivered or that are waiting on past due accounts receivable can get immediate business financing through invoice factoring. It’s a simple way to keep cash flow fluid, have working capital on-hand to jump on opportunities as they arise and protect business credit by not falling behind on expenses.
Greenbox Capital advances as much as 80% of the invoice value, based on the credit risk profile of your clients. Normally, you receive the remaining percentage due, minus a fee, after all of the invoices are paid. The fee on the amount funded can be between 3-5% of the invoice value, based on the strength of your accounts payable and your debtors. The length of the contract is usually 2-3 months, so fees are about 1.5%-2.5% per month.
To get started, complete our application and provide 3 months of bank statements, the invoices to be factored, and contact information for your accounts receivable manager.
Small Business Loans
Gain access to working capital through a Greenbox Capital small business loan². We offer a flexible and affordable payback program compared to credit cards and bank loans. Allow Greenbox Capital funding advisors to create a custom short-term small business loan in the amount and term length that is right for your business. Choose a daily or weekly repayment schedule. Term length ranges from 3 months to 12 months. Get fast access to working capital up to $250,000 through Greenbox Capital’s expedited review and approval process. Businesses averaging $7,500 monthly revenue over the past three months may qualify for a loan equal to 70% to 100% of their monthly revenue.
With cash in hand, small business owners can focus on growth instead of worrying about the ups and downs of cash flow. Capitalize on opportunities to purchase new equipment, open a second location and even establish a new revenue stream. That’s the way to beat competitors. Working Capital is essential to small business success, yet banks and other traditional lending institutions make it next to impossible to access. When dealing with banks and similar lenders, small business often face rejection, overwhelming paperwork or a lengthy approval process that’s not worth the hassle.
Your business success is our goal. Businesses that meet our minimum requirements for a small business term loan can have cash deposited in their account in as little as 24 hours!
Greenbox Capital Supports Your Relationship-Based Lending Strategy. Our comprehensive loan servicing program ensures your lender-client relationship experience is mutually rewarding for each party. As a lender we know how valuable each client’s trust in your company is to the growth and success of your business. Trust secures customer retention. Relationship and trust building is the formula to win referrals and repeat business. We service Small Business Loans and Merchant Cash Advances paid back through Automated Clearing House (ACH), Split Funding or Lock Box.
Once you fund the loan, feel confident turning the maintenance required throughout the life of the loan to Greenbox Capital’s servicing team of experts. Our strength is our people and proprietary technology. Tight controls and our automated system keep a hawk’s eye on loan repayments and notify lenders immediately of late payments. We’re also your strategic partner. Our personal attention to your portfolio and customizable services help you achieve optimal asset performance.
Greenbox Capital Loan Services include:
- Daily, detailed reports on the status of loan portfolio repayment
- Monthly audits with notes
- Management of books and records
- Automated delinquency notification and tracking
- Loss mitigation through personal pre-collection outreach to borrowers
- Monthly account summaries for borrowers customized with your company logo
- Delinquency notification and tracking
- Pre-collection outreach to your customers
- Payoff letters provided at no cost to borrowers
- Payoff management and reconciliation