What is an MCA?
MCA stands for Merchant Cash Advance, and it's an unsecured, purchase and sale of your businesses future receivables. Those future receivables are purchased from you at a discount by our company, in exchange for funding now. You repay this via a percentage of your sales each month, collected daily or weekly, until we receive back the full purchase amount. This can take anywhere from 1-12 months depending on how you structure your advance, and obviously your businesses credit worthiness. This includes the overall credibility of the Owner as well.
Financing to fit any of your needs.
What can you use MCA for? Pretty much anything you want for your business.
Equipment Financing
Looking to purchase new equipment for your business? We can get you quick access to capital so you can buy vehicles, computers, or any other kind of machinery for our business.
Cash Flow
Waiting to get paid from a major buyer? Use an MCA to cover your short-term cash flow needs and keep your business running.
Inventory Purchase
Have a large upcoming inventory purchase and a bank won’t help you out? Capitalize on opportunities through an MCA.
Marketing
Use the money to leverage your business through promotions and advertising. Get money fast and start getting your message heard.
Post-recession Small Business Lending Volume vs. Large Business Lending Volume
Why an MCA?
One of the biggest issues in the modern economy is that small businesses are underserved - while big banks are loaning to large, lucrative conglomerates, they have forgotten the little guy.
This product was created for a short term fix, a band aid during slow season, a quick equipment repair or replacement. And it was specifically created for the sub-prime borrower. Not for the asset rich, 750+ credit score client with $100k+ in credit availability. It's for the container importer who can't get his clients product off the dock without making payment immediately, and the check from his other client to help cover it just bounced. No endless documents or back and forth, just an easy capital injection, fast.
A streamlined application process.
Your client manager handles the hard part so you can get back to doing what you do best – running your business.
Apply & Meet
Once you fill out a short application, Primary will get you in contact with your relationship manager.
Contracts & Underwriting
Once a deal has been accepted, we send out contracts, and do final underwriting and due diligence.
Funding
The deal is done and your funding is immediately deployed!