MCA

Overview

Details

Advantages

Disadvantages

Merchant Cash Advance Overview

A MCA loan is strictly for small business that have a need for a short term loan typically less than 1 year. The maximum loan balance is set by the average of the last 3 months deposit balances in the operating account statement. We review the cash flow and determine the associated risk and make you an offer. RPC can offer you a loan from $25,000 to $750,000.

Repayments for MCA loans are typically weekly and are principal and interest.

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Details of a Line of Credit

  • Daily Interest Rates: 1.25-1.42
  • Terms: 1 year
  • Line Amounts: $25,000 – $750,000
  • Time to fund: 2-5 days
  • Repayments: Weekly
  • Collateral Required: Yes
  • Time in Business: Start-up – 2+ years
  • Previous Loans Outstanding: Yes
  • Industries Funded: Most
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    Cons of a Line of Credit

  • Can be funded within 2 days
  • Very limited documentation
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    Cons of a Line of Credit

  • MCA loans carry a high rate of interest and repayment terms are agressive
  • MCA loans will need to be on the business UCC filing statement and results in a blanket lien on all business assets such as A/R, Inventory, and Equipment
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