What you are agreeing to
A merchant cash advance pays a business money now in exchange for a portion of its future sales, collected through regular deductions. It is not structured like a conventional loan, and the cost is not usually stated as an interest rate. The only reliable comparison is the total dollar amount you will repay against the amount you receive.
Fit by business type in Fontana
Fontana has a large industrial base and is a hub for trucking, with I-10, SR-210 and I-15 passing through. Consumers and workers also fill restaurants, auto shops, salons and shops around those routes. The split matters:
- Counter and card businesses such as diners, tire shops and salons see deposits every day. Deductions tied to daily deposits line up with how they earn.
- Invoice businesses such as fabricators and contractors are paid in large chunks. Daily deductions fit them poorly, and they often do better with a line of credit or working capital.
The questions worth writing down
- How many dollars will I repay in total?
- Are deductions fixed or a share of daily sales?
- How often, and from which account?
- What happens in a week when sales collapse?
- Can I repay early, and what changes if I do?
- How will this sit alongside any other advance I hold?
Illustrating a fixed deduction
For illustration only: a Fontana tire shop deposits $3,000 on a normal day and $1,200 on a rainy Monday. A fixed $500 deduction takes about 17% of the good day and about 42% of the slow one. A deduction set as a percentage of sales, say 12%, would take $360 and $144. Which structure you get is in the offer, so read it. These figures are examples, not our terms.
A quick self-check for fit
Look at your last ninety days of deposits. If most days show a deposit and the amounts do not vary wildly, deductions that move with sales are workable. If you see a handful of large deposits and long quiet stretches, a daily deduction will keep taking money during stretches when nothing is arriving. Be honest about which pattern you have. The product is not good or bad in itself; it works where deposits are frequent and reasonably even and tends to hurt where they are not.
Our requirements
We provide funding from $25,000 to $5,000,000, funded in as little as 24 hours. We consider FICO 500+, ask for about three months of business bank statements, and need no tax returns. The application takes five minutes with a soft pull, and sole proprietors can apply. If you already carry an advance, read about MCA relief. Prefer repayments that track revenue? See revenue-based financing. Region overview: San Bernardino County. Apply here.