Surpass Capital offers Merchant Cash Advances (MCA) as a flexible and accessible funding solution for businesses in need of quick capital.
MCA
What Is An MCA Loan?
Surpass Capital offers Merchant Cash Advances (MCA) as a flexible and accessible funding solution for businesses in need of quick capital. An MCA provides an upfront sum of money in exchange for a percentage of your future credit card sales, ensuring that repayment aligns with your cash flow.
Why Surpass Capital
At Surpass Capital, we understand the dynamic nature of running a business. Our MCA loans are designed to provide you with the necessary capital without the constraints of traditional lending. Our dedicated team will work with you to customize an advance that meets your specific needs, ensuring you can focus on growing your business without financial strain.
benefits of MCA loans
Merchant Cash Advances
Fast Access to Funds
Receive funding in as little as a few days, making it ideal for urgent financial needs.
Flexible Repayment
Repayments are based on a percentage of your daily credit card sales, so they fluctuate with your business’s revenue, providing relief during slower periods.
No Fixed Monthly Payments
Unlike traditional loans, MCAs do not require fixed monthly payments, offering a more adaptable repayment structure.
Minimal Paperwork
The application process is straightforward and requires less documentation than conventional loans, enabling quicker approvals.
Frequently asked questions
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What types of business funding does Surpass Capital offer?
Surpass Capital provides a variety of business funding options including Merchant Cash Advances (MCA), SBA loans, term loans, equipment financing, and more to meet diverse business needs.
How do I apply for a loan with Surpass Capital?
You can apply for a loan by visiting our website and completing the online application form or by contacting our customer service team for assistance.
What information do I need to provide when applying for a loan?
Typically, you will need to provide basic business information, financial statements, tax returns, and details about your funding needs. Specific requirements may vary based on the type of loan.
What are SBA loans and how can they benefit my business?
SBA loans are partially guaranteed by the U.S. Small Business Administration, offering benefits such as lower down payments, extended repayment terms, and competitive interest rates.
What is a Merchant Cash Advance (MCA)?
An MCA provides an upfront sum of money in exchange for a percentage of your future credit card sales, offering a flexible funding solution without fixed monthly payments.
What are term loans and how do they work?
Term loans provide a lump sum of money that is repaid over a set period with fixed monthly payments, suitable for larger business investments and long-term needs.
What are the typical repayment terms for term loans?
Repayment terms for term loans can range from one to five years or more, depending on the loan amount and specific agreement.
How does equipment financing work?
Equipment financing allows you to borrow money specifically to purchase business-related equipment, with the equipment itself often serving as collateral for the loan.
What types of equipment can be financed?
Most types of business equipment, including machinery, vehicles, computers, and office furniture, can be financed through our equipment financing programs.
What if I have bad credit? Can I still qualify for funding?
Surpass Capital works with businesses of all credit backgrounds. While good credit can improve your loan terms, we offer funding options that consider other factors beyond credit scores.
How can I contact Surpass Capital for more information?
You can reach us by phone, email, or through our website’s contact form. Our team is ready to assist you with any questions and guide you through the application process.
How long does it take to get approved for a loan?
The approval time varies depending on the type of loan and the completeness of your application. Some loans, like MCA, can be approved within days, while SBA loans may take longer due to more detailed requirements.