MCAs are not loans. An MCA is a business-to-business transaction in which a merchant sells a company’s future assets (credit card sales, accounts receivable, or a portion of a future bank deposit) to a commercial funder in exchange for upfront capital received by the merchant at a discount. Repayment of these funding transactions is usually accomplished by automatic deduction from a company’s credit card sales or bank deposits.
Small and medium-sized businesses prefer this funding alternative when confronted by a time-sensitive cash crunch. Merchants choose GFE because of the speed and simplicity of its underwriting process.
Qualified applicants receive an MCA underwriting approval in as little as 2 hours, with the option of Same or Next Day funding.