Merchant Cash Advance

A merchant cash advance has the highest approval rate of any of our products and is one of the quickest and easiest to fund. It’s not a loan but a discounted sale of future revenue and payments can be fixed or can be set to fluctuate with sales. Because of this flexibility, it’s one of our most popular financing options.

Apply for a Merchant Cash Advance

Merchant Cash Advance Calculator

Amount Seeking
Desired Term
Estimated Weekly Payment
Funding up to
Term lengths between
3 - 24 months
Factor rate from
Funding within
1 - 2 Days
Funds can be used for any business purpose
Daily, Weekly or Semi-monthly
Our easiest product to get approved for

What You Need to Get Started

Minimum Qualifications

6 months in business

$250,000 annual revenue

500+ FICO score

Required Documents

Completed Application

3 most recent business bank statements

Ready to Get Started? Apply Now

One of my major vendors was slow to pay and I was having a hard time making payroll. Clear was able to quickly get me approved for a merchant cash advance. The terms were much better than I found elsewhere and I had funds in my account the very next day. Thank you Clear!

Stephen T CFO

Frequently Asked Questions

There are no restrictions on the use of funds and they can be used for any business purpose.

A merchant cash advance is not a loan but a discounted sale of future revenue.

The factor rate is equivalent to the cost of money. For example – if you were to receive $20,000 at a factor rate of 1.15, you would be paying back $23,000 and your cost of money would be $3,000.

Yes you can! In fact, it’s not uncommon for our clients to receive funding within 1 day.

A merchant cash advance is very easy to get approved for.

Because a merchant cash advance is not a loan, a prepayment penalty would not be applicable. However, there is typically a prepayment discount offered.

This depends on the individual funder but most do charge an origination fee.

Assuming a good payment history, you’ll be offered the opportunity to renew the financing halfway through term. And typically, we see the funder offer better terms on a renewal.

Yes you can.

Payments are typically made either daily (Monday-Friday), weekly or semi-monthly via automated ACH withdrawal. Or payments could be made as a fixed percentage of your credit card receipts.

No collateral is required.

The funding companies are generally willing to work with you. Also, the payment amount is normally pegged to a certain percentage of your gross sales. So if your sales were to decrease, you normally have the right to lower your payment amount to re-align with your lower sales.