Who this page is for
This page is for Anaheim business owners who already have one or more merchant cash advances and find that the daily or weekly payments are crowding out payroll, inventory or rent. It is not for owners looking for a first advance; see merchant cash advances for that.
Anaheim's economy is tourism-based, per Wikipedia, with many hotels and retail complexes around the Disneyland Resort and the Anaheim Convention Center. When revenue follows event weeks and seasons, a fixed daily payment is hardest to bear in the slow stretches between them.
How the squeeze happens
A restaurant near the Resort district may bring in strong deposits for three weeks of a convention season and little for the next two. If it took an advance during the busy season sized on those deposits, the daily payment stays the same when deposits fall. That mismatch is the squeeze.
Stacking makes it worse. A second advance taken to cover the first can leave a business sending a large share of deposits out every day, with less left for operating costs each time.
For illustration only: a business depositing $4,000 a day in busy weeks and $1,800 in slow weeks, with a daily payment of $700, hands over about 18% of busy-week deposits and nearly 39% of slow-week deposits. The slow weeks are the problem.
What MCA relief is, and is not
MCA relief addresses the payment burden of existing advances. The aim is to ease the daily or weekly drag on cash flow so the business can run normally. What it looks like for you depends on your balances, your statements and the advances you have, which is why we ask for your information rather than quote terms on a web page.
It is not a promise of any particular reduction, and it is not suitable for every situation. If the underlying business is not viable, relief will not fix that. If the business is healthy but the payment structure is wrong, relief is worth exploring.
What to prepare
- About three months of business bank statements, so the daily debits and deposits are visible.
- A list of your current advances: who they are with, the payment schedule and the approximate balance.
- A simple view of your slow-week and busy-week deposits.
We consider FICO scores of 500 and above, do not require tax returns, and use a soft credit pull on a five-minute application. Funding runs from $25,000 to $5,000,000 and sole proprietors can apply. Other tools that may be a better fit include working capital, business line of credit, term loans, revenue-based financing and startup loans. Industry pages: trucking, aerospace, tech. Apply here.