I Need Cash for My Business
Before you take an MCA, try these options first. They're cheaper, safer, and better for your business.
6 Better Options
Each one is cheaper and safer than a merchant cash advance
Speed Up Your Invoicing
Send invoices immediately. Offer 2% discount for early payment. Switch to online invoicing. Most businesses wait too long to bill. fix this first.
Invoice Factoring
Sell your unpaid invoices for 90-95% of their value today. Way cheaper than an MCA. You get cash in 24 hours.
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SBA Loans
6-13% APR vs MCA's 40-350% APR. Yes, they take longer to get (2-4 weeks), but they'll save you thousands.
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Business Line of Credit
Apply before you need it. Draw money when you need it, pay interest only on what you use. Much cheaper than MCA.
Grants (Free Money)
SBA grants, state programs, minority/women/veteran grants. It's real money you don't have to pay back.
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Cut Costs First
Before borrowing, look at what you can cut. Renegotiate rent, switch vendors, reduce inventory. Every dollar saved is a dollar you don't need to borrow.
Read full guide →
Tried everything and still need cash fast?
If an MCA is your only option, at least understand what you're getting into.
Next: What's an MCA?