Who this is for
This page is for Moreno Valley owners who already carry one or more merchant cash advances and find the daily or weekly debits crowding out payroll, supplier payments or rent. If you are looking for a first advance, the merchant cash advance page is the right one.
How the squeeze builds
An advance is sized on deposits as they looked when you took it. If a strong stretch is followed by a slow one, the payment does not shrink. A contractor working along State Route 60 and Interstate 215 may wait weeks for a commercial customer, while the debit hits every day. A second advance taken to cover the first makes it worse, because more of each deposit leaves before you can use it.
For illustration only: a business depositing $3,000 on a good day and $1,100 on a poor one, with a $550 daily payment, sends out about 18% of the good day and half of the poor one. The poor days drive the stress. These figures are an example, not a description of any offer.
Signs it has become too heavy
- You check the account every morning before deciding what to buy.
- You have delayed a supplier or rent to keep the advance current.
- A second advance is covering the first.
- Your slowest week of deposits barely exceeds the payment plus payroll.
What relief means
MCA relief is aimed at easing the payment load of advances you already have, so the business can run at a pace it can sustain. It is different from taking another advance. What it looks like for you depends on balances, payment schedules and your statements, which is why we ask to see them rather than quote anything here. It is not a promise of a particular reduction, and it does not suit every business. If the revenue base is healthy and the payment structure is the problem, it is worth examining. If revenue has disappeared, the conversation starts somewhere else.
What to gather and where to go
Bring about three months of business bank statements and a list of your advances: who holds each, the payment schedule and the approximate balance. Do not stop payments on your own. We consider FICO scores of 500 and above, ask for about three months of business bank statements, require no tax returns, and use a soft credit pull on a five-minute application. Sole proprietors can apply. If you prefer a fresh start with a different product, compare working capital, term loans or a line of credit. Start the application.