FAQ Financing

  • Frequently Asked Questions

    What is a Merchant Cash Advance?

    A merchant cash advance is a program that provides business owners quick access to working capital. We offer advances ranging from a thousand to two million dollars and our loans are based off of your business’s gross monthly revenues. Then, NYMCA receives a small percentage of credit card receipts until the advance is paid back. Watch our video here.


    Do I qualify?

    We have a lot of different programs available in order to provide the best financing solution you need to run your business. Our base qualifications for an advance is:

    • You have owned your business for at least 3 months
    • At least $10,000 in Monthly Gross Revenue or $3,000 in Monthly CreditCard Sales

    See if you qualify here.

    What can I do with my Merchant cash Advance?

    Basically anything you, as the business owner, want or need to do to keep your business running strong. Some of our clients use their advances to open additional locations or renovate their storefronts. You have complete freedom to use the money however you see fit!

    What amount of funding can I get?

    Your funding amount depends on your monthly gross revenue and/or monthly credit card sales. However, we consider your type of business and how long you’ve been in business as well. The maximum financing amount we fund is around 2x your average gross monthly revenue.

    Get a free quote here.

    Are there any up-front fees?

    Of course not! The entire process is simple, free, and easy.

    Are your funding programs available in all 50 states?

    Yes! We currently fund all business in the US.

    What interest rate do you charge?

    We’re able to provide your business the best rates industry. The interest cost depends on, among other factors, your industry and time in business.

    What types of Cash Advance programs are available?
    • Discount Merchant Cash Advances – we can fund from $1,000 to $5,000,000 ormore. With New York MCA you have access to the most money at the best rates. Wehave special discount merchant advance program for big ticket and better creditrates. We will meet or beat any competitor’s terms.
    • Bad Credit Merchant Cash Advances – we can fund merchant cash advancespromptly for people with any credit score. There is no minimum credit qualification.If you are not currently in danger of being evicted from your place of business, youare automatically qualified if you’ve been accepting credit cards for just 3 months.
    • Start Up Business Merchant Cash Advances – we offer merchants advances ifyou’ve been accepting credit cards for just 3 months or even less sometimes.
    Why choose NYMCA?

    We have access to an extensive network of lender resources and partnerships. With years of experience and expertise, we work hard to give you the support you need to keep your business going strong and healthy. We work with our customers based on their individual needs and try to come up with solutions that work for both of us. With an easy renewal and additional funding process, NYMCA makes it easy for your business to have quick access to working capital for your business needs.

    Read more here.

  • Still Need Help?

    Call Us

    If you have questions, we have answers. Representatives are available on the line. Call us today at  (347)-478-5185

    Email Us

    Send a message to   client@nymerchantcashadvance.com. A representative will respond to your inquiry in 24-72 hours.

Why Choose NY Merchant Cash Advance?

We are fast and easy.

NYMCA is here to provide you with the tools you need to keep building your business. We do not want to waste your time filling out waves of paperwork like banks. Instead, we believe in a fast and transparent application process so you can focus on your business.

We provide an array of services.

NY Merchant Cash Advance, headquartered in New York City, is the nation’s premier business financing firm. However, we offer much more than just financing. From funding small businesses to setting up payment processing for companies, NYMCA can help your business grow.