Declined for not enough collateral? How to get your business loan approved

Has your business been declined for not having enough collateral or collateral the lender wants?

Get a business loan that has the most flexible, or no collateral requirements.      Click on the Docusign application below because fast as same day or next day funding is just a click away.

Complete the secure docusign application now.
Or call us at Tel:  1-919-771-4177, or Question?

Business funding does not have to be hard to get.   Does your business have collateral or cash flow?   If so, there is a program that will fund your business.  Denied for not enough collateral?  See Tips, FAQ questions and answers below.

Declined for not enough collateral: How to get your business loan approved
The most flexible business loan collateral options of all programs. If it can be used as collateral for a business loan, it will be!

FAQ Frequently asked questions on being declined for a business loan for insufficient collateral and also unacceptable collateral.

What does insufficient collateral mean?

Insufficient collateral means you or your business do not have the assets the lender requires to secure a loan. Programs vary from lender to lender. If you received this decline reason,  then check with other lenders or consider other business loan programs.

What can be used as collateral for a secured loan?

Many types of assets can be used as collateral for a business loan depending on the lender and the program.  For example, accounts receivables, equipment, vehicles, stocks and real estate are commonly used.

What if I don’t have collateral?

If your business does not have collateral for a loan, then consider a cash flow loan or unsecured loan. Most unsecured business loans look at your monthly business deposits. Other unsecured programs also look at tax returns, financial statements as well as business and personal credit.

Why do I have to have collateral?

Collateral may be required because the lender needs security in order to even offer a business loan.   The lender sells the collateral when a borrower defaults and recovers much or all of what is owed on the loan. This often lets the lender offer more approvals and make more aggressive offers.   As a result,  they will lose less from default customers through the collateral in the loan.

Thank you for visiting our page on how to get approved for a business loan after being declined for not enough collateral.   Tips, resources, and an
FAQ Page also included.

How to get a hot shot truck loan

how to get a hotshot truck and trailer loan
Get a hot shot truck and trailer loan now!

With a hot shot truck loan a driver can get a big rig tractor and trailer on the road.  Loans also include trailers such as gooseneck trailers, car haulers and semi -trucks.    Excellent options.   For example, low credit scores may qualify and some start up options are available.
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Estimated Cost: $0
Total Time: 1 Day
Supplies Needed:  Down payment, time available.
Tools needed: Internet connection, phone, computer


How to get a hot shot truck loan

1. Make a list of the truck and trailers needed.

Include description, manufacturer, year and model numbers.

have your information ready
Have the description, manufacturer, year and model number ready for each tractor trailer truck and trailer.

Tip: Programs lend up to 95% maximum on qualifying trucks and trailers.

The vehicles and trailers must be free and clear. Have the information on the seller ready and whether the seller is a vendor or private party.

Search for and find hot shot loan programs
Look for lenders that specialize in hot shot truck and trailer financing.

2. Contact lenders that provide hot shot truck loans on trucks and trailers that you are looking for or already have.

Ask about their approval requirements and program options including credit scores, down payment needed, documentation required, time in business and time to close.   Decide which programs are the best match for your business based on the requirements and your own profile.  Give the funder basic information on the trucks and trailers.   Ask what your chances of approval are and if they can pre-qualify you.

Call lenders
Call the lenders that specialize in this financing

3. Provide any income verification you have to strengthen your request.

List the stronger credit owner first because you will increase your chances for approval and also get higher offers.  If your credit score is low but you can make a higher downpayment, tell the lender.   Approvals are another result of higher down payments.

4. Complete application for funding.

If you are approved,  review terms and conditions including down payment requirements, fees and time to close.   If you are not approved contact the lender to discuss available options.

Complete application for a hot shot truck loan.
Once you have matched the best program to your profile, complete the application.

5. When you are ready to close, request documents and finish the paperwork.

Complete all closing items required and receive funding

Review hot shot truck and trailer loan offers
Look over all terms and conditions on offers. Consider early payoff options and compare terms on multiple offers. If declined, then apply with other programs. Ask what the decline reasons are and whether your application can be reconsidered if you resolve any decline reasons.

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FAQ Frequently asked questions on how to get a hot shot truck loan

How can I get a hot shot truck Loan?

To get a hot shot truck loan, complete the application. Provide information on vehicle and trailer years, manufacturer, model number, cost and amount you have down.

Do I need a down payment?

You will need at least a 5% to 10% down payment. In some cases the downpayment will be higher with a lower credit score.

Can I also buy my truck from a private party or does it have to be from a dealer?

Private party purchases are allowed but getting from a dealer will make the financing easier to get.

What is a concurrent loan? An easy way to get more business funding

Concurrent funding is when your business continues to get more money while you pay down the original business loan.   Why concurrent funding?    Get new funding soon after you start paying down your current loan.   Your business is likely to qualify for new funding several times during the loan.   Apply below and say you want concurrent funding options.    Read more if a larger business loan is needed.

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Concurrent loan for business
A concurrent loan allows your business to get fast new business funding with the least amount of review and paperwork

FAQ Frequently asked questions on a concurrent loan for businesses

What is a concurrent loan?

A concurrent loan is when the same lender makes another separate loan before their existing loan is paid off. The concurrent loan can be as soon as 1 month after funding.

Why get a concurrent loan instead of redoing the same loan?

Lenders do not want to refinance the existing loan after only a month or two. The numbers in the contract would be wrong. As a result, it is easier to do stand alone business loans separately. This is especially true if the lenders want to extend more funds frequently such as monthly.

Won’t my existing lender give me less money because I already owe them?

The lender will always give you as much as they can. If you have a good payment history with them, they usually give you more than other lenders because you have a proven record with them. If you need more than they will give, then you can consider other lenders

What should I do to get a concurrent loan?


  • Find out how much you owe on your existing business loan:
    Find out what the balance is on your  loan and what the requirements are for getting more money.   Only some contracts will allow you to get more business funding after paying on your existing loan for just 1 month.  Many other contracts require your business to have paid the loan down 40% to 50%, or even more.
  • Communicate:
    By knowing what your contract says, you can contact the lender as soon as you are eligible.   Check that your payments have been on time and if being late makes your business ineligible for more funding.

Why don’t banks lend to small business?

Small businesses have a hard time getting a loan from banks.   But why is that?   Why don’t banks lend to small business?   There are several reasons.  Find out how to get lenders to lend to your business.

Banks are much more risk adverse
Banks are risk adverse because of the low rates they offer.  So by earning less on each loan, the bank has to have more paying loans to make up for one default.

Banks charge low rates on loans
The lowest rates for business loans are at banks, savings and loans, credit unions and the sba.  Because rates are low, the bank will make much less interest income from the loan.    What can you do about it?   Get a business loan that a bank will not approve.   Apply below.
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What are other reasons banks do not lend to small business? Banks need strong credit, financial statements and good collateral.

Business owners who do not have a high credit score, strong collateral and strong financial statements will probably not be approved at a bank.   As a result, your business needs a lot more funding options.    Apply above.

For instance, other funding options include a bank statement loan and also a loan on equipment.   Both have fast funding and little paperwork.

FAQ frequently asked questions on why don’t banks loan to small business?

So why won’t banks lend to small businesses?

Banks, savings and loans and credit unions in general only accept the lowest risk businesses mostly because they offer among the lowest rates in small business lending. Their default rate has to be very low so they can only underwrite the safest and lowest risk customers.

What do banks look for to approve a business loan?

Banks look for excellent credit, collateral and the ability to repay. Cash flow as shown through financial statements and tax returns shows a businesses ability to repay. The collateral often needs to be the type of collateral a bank will accept.

My bank turned me down for a business loan. What are my options for business funding?

It depends on your credit, cash flow and collateral. If your credit is not good, your business may need to get an asset based business loan where the collateral is the basis for approval.

My bank turned my business down for insufficient cash flow even though our business has strong sales. What does that mean?

The bank reviewed your business net income after expenses and decided there isn’t enough income left to pay the new debt. They may have looked at the net income on your bank statements or the cash flow in your business checking account.

why don't banks lend to small business?
Why banks don’t lend to small businesses and how small businesses can get a business loan.

Additional Factors on why banks don’t lend to small business.

Federally regulated
Banks are heavily regulated. Through state banking commissions, the federal reserve and fdic, bank’s level of risk in their lending programs is often reviewed and restricted.  As a result, banks put depositor funds at risk if they make loans that are too risky, especially larger commercial loans. If those loans default it could compromise the financial stability the bank and depositor funds.
Net income for the new payment
Your most recent business net income or bank statements are used to calculate if your business can make the new payment. Not all business loans look at this, but banks do.
2 to 3 year cash flow history.
Traditional banks also ask for business financials including business tax returns for the most number of years, usually 2 or 3 years.
Type of business and industry
Banks consider the industry type in their business loan decision. Banks, savings and loans and credit unions usually prefer certain industry types over others because some industries are considered risky and restricted.
Time in business
Less than 2 or 3 years time in business will often be a decline reason.
Other loans your business already has
If your business has any other loans already, that may be a reason to be denied a business loan by a bank. This is often called over obligated or sufficiently obligated.
Lack of financials such as interim financials
Not having the requesting financial statements can be a decline reason.
Not a homeowner.
If you are a business owners and not a homeowner, some lenders may decline you. Being a renter instead of a homeowner can be a decline reason.   Banks may see renters as less stable and therefore riskier.
Time at current business location
Businesses at their current location for less than 2 years may be denied by banks and other lenders.   Lenders will decline if they feel that stability is lacking.

Business account transfers: Affect on a business loan

Has your business been declined for a business loan for having non revenue business account transfers?

Certain transfers between business checking accounts are not counted as deposits or true business revenue by many lenders.
Get business funding programs that consider many transfers that are  automatically declined by most lenders.   Click on the Docusign application contact form below to get funding started today.   Same day and next day funding available.   Don’t be declined for having transfers between accounts.

Complete the secure docusign application now.
Or call us at Tel:  1-919-771-4177, or Question? Tell us what do you want to do?

FAQ’s Frequently asked questions on being declined for a business loan for non business revenue transfers between business checking accounts.

Question: My business has transfers between business accounts each month. Can you still fund a business loan with transfers between accounts?
Answer: Yes. We will look at the transfers between accounts. If they are not business revenue then we will just deduct the amount from the total. If they are business revenue then they will be kept as part of the deposit totals and used as part of any offer.
Question: Our business was declined for having non revenue transfers into our business account. Why would the lender decline our business for that?
Question: Transfers are often not counted as revenue because a transfer into an account may not be business income from a customer.  The lender believes that deposit did not come from a sale or service to a customer.
Question:I was denied for a business loan because the lender would not count transfers between business accounts even though they were revenue. Why would they not count and include those transfers?
Answer: The most likely reason is that the repayment of the loan will only usually come from one business account even if the business has more than one business checking account.
Question: Our business does transfers between accounts for payroll and other needs. Why should we be penalized for that when it comes to our revenue totals for a business loan?
Answer: If your business is transferring between accounts for payroll and operating expenses then those transfers will probably be counted with us towards your total revenue in the loan analysis.

business account transfers
How to get approved after being declined for having unacceptable transfers between business checking accounts. — Click on image to get started!

Customer examples of businesses that were declined and we were able to get an approval for and funded.

Example 1 :   A construction company had 7 deposits in May into their main business operating account.  During the month they had 5 transfers into that account from the other business account they have.   One of the remaining 2 deposits was for only $200.    The lender only gave the company credit for 1 deposit that month and declined them for not enough deposits due to transfers.
The customer came to us asking if we could help.  The transfers were true business revenue from their other account and we were able to get them approved for  $35,000 funding.   Why were we able to help them?   We looked at the account they transferred funds from and counted those funds as real revenue.   As a result, the fact they transferred funds did not matter.

Example 2:  A manufacturing company had 8 deposits into their account in May.   All 8 of those deposits were showing on their bank statements as
“E-mail money transfer in”.   Three funders declined the business for non business revenue transfers.   The customer told us those were payments from customers and not transfers between his business checking accounts.   The customer does not accept payment by visa or master card and needed to give his customers more payment options than  only being able to pay by check.    Through his bank, his company began offering a very convenient payment via E-mail option after which most of his customers switched to and began using.  The other lenders did not consider this and immediately declined him.

Was your business declined for a business loan due to transfers between accounts?  What can you do now?

Contact the lender to discuss this decline for having business account transfers.

Communicate with the lender and find out which transfers were not counted as revenue.  The decline reason probably did not have enough information.  Ask about the details.   Also ask about the specific policy that does not allow transfers between accounts to be considered business revenue in a loan evaluation .

How can you advocate your business to the lender?

Ask the lender what it will take to get approved.  Also ask if there are any changes you can make immediately that will change the decline to an approval.

When can you apply again?

Ask how long you have to wait before you can apply again.  Most lenders will make you wait at least 30 days before you can reapply.    As mentioned earlier, if you can determine what changes you need to make with your business as well as the type of of deposits,  then make those changes before reapplying.

Missed mca payments? Take these steps now!

Missing one mca payment should not cause your business problems.   But what if you have more missed mca payments?   What can you do to avoid problems?    In this post we will talk about what you can do if you cannot pay  cash advance payments and the best steps to take.

First consider if you can get out of your merchant cash advances.    Paying off your advances or extend the term may be best.  Pay offs can be done through a longer term loan as well as asset based loans.     Contact us below to get started!

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missed mca payments
You have missed mca cash advance payments. What should you do now? Several solutions to save your business.

What can you do after missed mca payments?

Communicate with the lenders immediately.

Contact the cash advance companies right away. Do not think the problem will work itself out or that you will probably catch up in a couple of days. Communication is key. It is better if you contact them before you miss more payments. However, if you already missed a payment then contact the advance companies that day or the next day at the latest.

What do I tell the mca companies?

It depends on your situation. What is your cash flow situation right now?  Can you begin making the payments again right away? Figure out what you can pay, when, and how often.   Let them know what is happening with your business.    If you have a good reason for missing payments, tell them that reason.   If you can back it up with documentation, all the better.    Being proactive and communicating will be your best option at the beginning.  If the lender has no coj confession of judgement, you will still want to work out a payment plan to avoid a default.

Can you start making payments again?

Call the cash advance companies even when you can start  making payments immediately. They still want to know why you missed mca payments.  That will help your case.  You may end up missing another payment later you did not expect to miss.   It is better if you are already on record as being in contact with the lender.

Missing consecutive payments

If you expect to miss more payments consecutively, then you want to decide if you can payoff the advances first. Paying off advances with another loan is better than continuing to miss payments.   You can choose from unsecured options such as a bank statement loan, and a large business loan if you need a lot.

Bouncing more mca payments.

If you know you cannot sustain your payments then paying off the advance may be the best option.   This is because missed payments will make it much more difficult for your business to borrow in the future and make this your worst option.    Many merchants would rather not take out a new loan.   However, if you are approved for a new loan that can payoff loans you cannot pay, you should strongly consider doing so.   Many businesses cannot even get approved for a payoff and don’t have that choice.


Paying off your merchant cash advances may be the best option.   But when is it better to payoff and when is it better not to?  It is usually better to payoff the cash advances when you know you cannot keep paying the current payments.   Paying the advance off with another loan works very well if you have less than 3 months or so left on the exiting advances. Taking out a loan to payoff a low balance is still much better than missing mca payments and defaulting.    You can avoid damaged credit, court action and trouble getting loans in the future.

When does it make sense to payoff one loan with another?
Example: A merchant has an advance with a daily payment of $100 and has a remaining balance of $3,000.  He has 30 payments left but he cannot keep making those last payments and will go past due and default. Before going past due the merchant is offered another loan for 6 months to payoff the $3,000. The new daily payment will be about $35 per day for 120 days.   The borrower can afford this easily.   Problem solved.   The business now has a payment they can afford and does not have to worry about paying the advance on time.

Payment plans after delinquent mca payments

Payment plans are best when the business can neither keep making the daily payments or paying off the advance. The cash advance company may be very willing to set up a payment plan. They will be able to get payments in full and the merchant will make the total sum of payments.   It is up to the lender to do this.   If your business wants to go this route then be ready to explain to the cash advance company why a payment plan will work for both of you.

Extending the term

Extending the term is usually similar to a payment plan. Sometimes it is more informal and the cash advance company will just let the borrower continue making payments past the term without a formal contract.  At other times a formal new contract will be written that replaces the old contract.    Expect the mca company to charge penalties, fees and more interest as part of the new contract.

Lowering Payments

Getting your mca cash advance company to lower the payments works best when your business just needs short term cash flow relief for a week or two. Your business may just have a brief cash flow problem it needs to work around.   Be aware that mca companies are not receptive to businesses calling in multiple times and asking to lower payments for a while.    It is supposed to be a rare request rather than one of convenience.   Some lenders may only do this once during the term of the contract.     If you think your business will need to ask for lowered payments several times then find a different option.

Pausing payments

A pause for one to three weeks may be all a business needs.  As with lowered payments, your business has to be sure it will be able to restart and continue payments when the payment pause is over.     You should not pause payments if you need a longer term permanent solution.    Sometimes businesses will ask to pausing payments when they know they will have a problem again when the regular payments start back up.   If this is you, then you should put all your efforts into solving the problem permanently on the front end.

Settlements after significant missed mca payments

A settlement directly with the mca cash advance company can be considered when other options will not work.  Settlements usually happen after a merchant has failed with a payment plan or lowered payments and not able to handle regular payments anymore.    It is a step before a default but still considered better than a default situation.

Beware of 3rd party settlement companies that tell you to put a stop payment on a merchant cash advance company.

We believe this is the worst choice in almost all cases.   Many settlement companies will tell you to do this to buy time for them to negotiate with the mca cash advance companies on your behalf.     However, they still want you to pay them a lot of money upfront before they start negotiations for you.    We believe this is a very bad idea for your business for several reasons.

Let’s break down why:

Your advance will be declared in default immediately when you put a stop payment on them.  You certainly will not want to even consider this if you have not read your MCA contract in detail.   The contract will tell you all the actions the advance companies can take when you put a stop payment on their daily Payments.  Putting a stop payment on a merchant cash advance will definitely result in the strongest response against you by the mca companies.   If they have a coj, then they will file it against you almost immediately.    The settlement companies telling you to do this do not have to deal with the problems you will have! Do not do this!

Beware of companies that tell you to close your business checking account

MCA companies will react in about the same way as when you put a stop payment on their daily payment. They usually consider closing your business checking account as an intentional default.

What is an intentional default?

An intentional default happens when a borrower takes an intentional action not to make good on the contract.  This is almost always combined with little or no communication with the cash advance company. Lenders think of the borrower as trying to evade an obligation and contractual promise to pay. Worse, their contract usually includes specific language that talks about what actions and remedies they can take if the borrower closes their account. We believe this is a bad option for almost all borrowers. Contact us above for much better options!


Defaults are the least desirable option.   The lender has declared that they are taking a loss on the loan.   The worst adverse action has already been taken against the merchant, which may include filing a coj confession of judgement. All efforts should be taken to avoid a default on a cash advance.
If the mca company has a coj confession of judgement, they can have it enforced through a court in one or two days.    Sometimes they can have it affirmed by a court the same day.

What can the cash advance company do then?    They can have the sheriff contact any bank they wish and demand that the bank verify if your business has a checking account there.   If so, the cash advance company can debit all the funds out of your account.

In conclusion

The tips above can guide you on how to handle specific situations with cash advance payments. If you continue to struggle with debt long term the National Foundation for Credit Counseling, NFCC can help with budgeting and strategic long term debt planning.

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FAQ Frequently asked questions on missed mca payments

I missed an mca payment. What can the merchant cash advance company do?
If you have only missed one or maybe two payments then the mca companies are unlikely to
take any other action besides trying to contact you. If you have not talked with them yet then contact them
My cash advance company has threatened to take action against me for missing payments. What can I do?

If your mca company has threatened to take action against you it means they probably have not done so yet. You still may
have an opportunity for a good result. Look at what you can pay and consider offering to make that amount of a payment to them.
If they refuse then put your offer in writing and email it to them. This may work strongly to your benefit if there is future court action against you. It demonstrates that you communicated with the cash advance companies. You attempted to work out a solution and still fulfill your obligation to them based on your worsened financial situation and they refused. Whatever your outcome ends up being, this action should put you in the best possible position later.

I don’t want to talk to the mca companies. They are very aggressive, rude and threatening. Why should I talk to them?
You should talk with them because if you don’t they will take action against you. They may be able to put a freeze on your business
checking account or block your account. You will not be able to use your business checking account if they do that. That will
be the worst result for you and your business. Talk to them to see if you can come up with a solution.
My cash advance company said they can lower the payments or pause the payments. Which one is best?
Pausing the problems is best when your business has a short term cash flow problem for two or three weeks but
will be able to begin making the payments again after that. Lowering the payments will be best if your business is going
to still have trouble making the regular payments later. If you cannot make the regular mca payments later then it is better
to try to get the payments lowered long term until you have paid off the contract.
I have some delinquent mca payments right now. Should I payoff the mca payments or try to work out a compromise?
Payoff the cash advances if you are able through another loan when you cannot keep making the daily payments and know you will probably default. When you have the cash flow to keep making a lower payment then it is best to try to work out a compromise with the lender.
A settlement company wants me to close my business checking account so that the mca companies cannot debit any longer.
Is this ok to do?
You should not close your business checking account to stop daily mca debits other than in some rare cases. Closing your account
automatically causes you to be in default. The mca company can also declare the act of closing your business checking account to stop the daily payment as an intentional default.
I missed some daily mca payments and the advance company is telling me I am in default. Can they declare me in default?
If the contract says missing a certain number of payments puts your account in default and you missed that number of payments
then they can declare you in default. Negotiating the best possible outcome is almost always better even if you have been
declared in default of an mca. By communicating with the advance company you usually get the best possible outcome for
your business. In some cases when you do not have the cash flow to work out a payment plan then you may have to consider
other options. Contacting a business attorney that specialized in cash advances may be your best choice in such a case.

How can I get out of multiple advances?

What are multiple advances?

When a business has more than 1 cash advance, they have multiple advances .  Does the example below look like your business?:    

A business has three mca positions:
# 1:   Balance of $20,000 with daily payments at $333 per day.
Merchant has 60 business days left or approximately 3 months.
#2:    Balance of $10,000 with daily payments at $166 per day.
Merchant has 60 days left or 3 months.
#3:  Balance of $5,000 with daily payments of $83 per business day.
Merchant has 60 days left which equals 3 months.

If your business has advances from stacking, complete the secure 30 second application below to rescue your business today!   Get payments now you can afford that will not hurt your business, or credit or reputation.
Several options to reduce your daily and weekly cash flow for advances and longer term options such as weekly and monthly payments.

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Call us at Tel:  1-919-771-4177, or Question? Contact us here.

How you can get out of multiple advances.

  1. Add up and know your total daily, weekly and monthly payments on the advances as well as how much longer you have to pay on them.   Also get your total payoff balances.    Know your approximate credit score.
  2. Search for lenders that either payoff or restructure your debt as earlier options.    Funding programs that recommend you close your business checking account or negotiate a settlement hurt you the most and should be your last possible options.
  3. Choose a program that best matches your business profile for your amount of debt, ability to pay and urgency for a fast loan on any new program that allows you to get out of your advances.
  4. Talk to a representative of the program.   Tell them about your business and ask them about their underwriting criteria.   Try to assess what your chances of approval or being declined are for each program.   Once you find the best matching program, then apply.
  5. If approved, review the terms of the approval.   If you are satisfied, close the transaction.
  6. Receive funds into your business account and begin repayment with improved cash flow.

We have excellent programs with a high approval rate to fix your multiple mca multiple positions problem.  Almost all businesses can improve their cash flow.   Take actions before you have missed mca payments.   Apply above or call us at Tel: 919-771-4177.

Get out of multiple advances today
If your business has several short term advances, contact us and get this solved today.

FAQ Frequently asked Questions on getting out of multiple cash advances:

How can I get out of these without missing payments or defaulting?
You can either pay them all off through a consolidation or refinance them and extend the term several more months. You may qualify to extend the term for up to 10 years.
How much lower can you get my Payment? I need to reduce my payment by half or more. Can you do that?
We have programs available that can reduce your payment between approximately a third to more than half. In some cases your payment can be lowered as much as two thirds.

There are links to several other financing options above and also helpful articles.  Review funding program details below.    We offer free consultation because we want your business to succeed.

How to get a real estate merchant cash advance

What is a Real Estate Merchant cash advance:

A business loan with short term daily or weekly repayments using real estate as collateral.   The real estate may be commercial or residential.
One of the closing requirements is residential or commercial real estate with enough equity in the property to cover the amount of the loan.  As stated, the Business Owner can offer:
– Commercial real estate
– Residential Real Estate
– Raw land in some cases
If you do no have the real estate needed for a real estate merchant cash advance, then  contact us below at for several funding options such as bank statement loans that do not require real estate.

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What can you do if you don’t have any real estate?

Sometimes Business Owners do not have the real estate that is required to close this type of a business loan.
What other ways can you get a business loan?  What is the lender is asking for?

Real estate will not be required for other funding options such as a
asset  based loan, and accounts receivables financing.

How to get a real estate merchant cash advance:

    1. You must have property that has at least 50% equity or more.
    2. Tip: Higher loan requests over $50000 and land with a value over $100000 will work better.
    3. Do a search for lenders that offer business loans or mca merchant cash advances using real estate as collateral. Review the features and benefits and find the program that best matches your situation.

      Do a search for lenders that offer business loans or merchant cash advances with real estate as collateral.
      Search for lenders that offer business loans or mca merchant cash advances using real estate as collateral.
    4. Contact the funder. Discuss your request and business profile with a representative. Try to prequalify and find out how likely your business is to meeting approval requirements.

      Contact the funder. Discuss your request and business profile with a representative.
      Call the funder. Review your profile with a representative to see if you may qualify or prequalify.
    5. If you prequalify consider applying and submit an application and required information. After an approval review the approval terms and conditions.

      If you prequalify then consider applying
      Once you have determined that you prequalify or have an excellent chance of qualifying then consider completing and application.
    6. Complete the transaction when satisfied with the terms and closing requirements.  Provide any closing stipulations required. Receive funding into your business checking account.
      Small Business Loans Depot
      Small Business Loans Depot

    Learn more about real estate backed loans:
    Recent examples from the web: 

    FAQ Frequently asked questions on how to get a real estate merchant cash advance

    What am I getting by using real estate that I am not getting without it?
    You are much more likely to get approved and also approved for a higher amount with longer terms. If your business has several cash advances and high total balances on advances then using your real estate will be the only way to consolidate them or pay them off. If your business has 3 or more advances there are almost no other available options to solving your cash flow problem. If you do not use your real estate then you have to find an investor that is willing to take on the entire risk that all the advance companies took. They have to take all the risk from several cash advances into one loan. That is why investors and other lenders rarely want to invest into a longer term monthly payment consolidation of several short term cash advances.
    How can I get an mca cash advance using real estate?
    The amount of the loan or mca merchant cash advance is usually higher if there is equity in the real estate. The cash flow of the business and amount of monthly deposits is important. The approval amount is increased because of the value of the real estate and equity it has.
    We have several cash advances and are suffocating in the debt. We have equity but need help immediately. Can you help us immediately or will it take weeks?
    You can get funding to payoff your advances fast with this program. It typically does not take weeks as with a traditional real estate. Funding can be as fast as several days or one to two weeks.
    Why do I have to use real estate to get financing that is basically cash advances?
    You do not have to use real estate to get cash advances and it is not required. If you qualify to get a regular unsecured mca merchant cash advance then you can do so. This is an additional option that may allow your business to get approved instead of being declined. It may also allow your business to get approved for a higher amount of financing using real estate instead of unsecured.
    Can we get longer cash advance terms by using our real estate?
    Longer terms are often 1 year and sometimes up to 2 years. This is longer than a regular merchant cash advance. An offer you may received with a term of 1 to 2 years with real estate would have probably been a 6 to 9 month offer without real estate.
    Does the property have to be free and clear?
    The real estate does not have to be free and clear. It only has to have enough equity in it collateral wise.
    Can I payoff all of my cash advances and other debts and get cash also?
    If the cash flow of the business qualifies along with any equity needed then you can get enough to payoff all business cash advances along with other debt. You can get the remainder in cash to use for any reason your business needs.

    Below you can consider other financing options. Review funding program details below.

How to get an MCA Merchant Cash Advance after a default

Did your business default on an mca merchant cash advances in the past? If your business wants to get a cash advance again, consider new program options here.

Some businesses that have defaulted on one or several mca cash advances in the past decide they want to get advances again because they now understand the amounts and daily payments they can handle and make.  Programs are also available for businesses that have missed cash advance payments, or have had delinquent or lapsed  payments.

If your business wants mca merchant cash advance funding after a previous nonpayment, several new programs and options are available. Complete the 30 second application below.
Secure DocuSign 30 Second Application here Call us at Tel:  1-919-771-4177, or Question? Contact us here.

How to get another MCA Merchant Cash Advance after a default

Step 1: Research companies online that offer merchant cash advances to businesses that have a previous default on an mca cash advance. Closely review restrictions for terms and conditions of approval.

Step 2: TIP – Repayment of a previously defaulted merchant cash advance as well as the amount of time since the default may affect your ability to be approved under different programs. Ask if there is a minimum time requirement since the cash advance default.  Know the month and year your business first officially defaulted and the amount of the default. Default reporting drags on time wise in business and personal credit reports and makes it look like the default was much more recent than the original date the merchant cash advance company declared a default. Any payments you made on the default often do not appear on the business and personal credit reports a lender looks at and you will not get credit for any payments made. Provide documentation of the payments made.

Step 3:  Select the programs that your business will most likely qualify for.

Select the programs that your business will most likely qualify for.
Decide on the programs that your business will most likely get an offer from.

Step 4: Make contact with these lenders that fund with previous defaults. Try to verify how likely your business is to meeting the funding program conditions and requirements.

Make contact with these default lenders that fund with previous defaults.
Contact mca default lenders. Apply here to begin.

Step 5: Submit an application for funding. Provide all documentation you have that improves your chance for an approval. Provide documentation that proves the time since the default and if any payments were made.

Submit an application for funding.
Apply and provide any documentation that show how long it has been since your business originally defaulted on the mca merchant cash advance.

Step 6: If approved, review terms and conditions. Rates and terms will not be as favorable for some time on your advances after defaulting.

Small Business Loans Depot
Small Business Loans Depot
Alternative funding for businesses
Small Business Loans Depot

FAQ Frequently asked Questions on getting an mca merchant cash advance after defaulting

Why will most cash advance companies not fund me after a merchant cash advance default?
If your default was within the last two years, almost all cash advance companies believe your chances of going past due again are too high. Lenders want to see an extended period of time after a default before giving your business funds again. That often is two years. A few programs will consider funding again after approximately six months. The amount of time may be shorter based on your businesses situation.   Does your business generates over $50000 per month in revenue?   Then it will be more likely to get another cash advance sooner after a default.
Can I get a merchant cash advance after a default?
Yes. In about 6 months after a default your business may be considered for another cash advance and other types of financing. Approval depends on how well your business has recovered and also how much revenue it now has per month.
How long after a default can I get another cash advance?
Your business can be considered for another cash advance and other funding types 6 months after a default.  Keep good records and documentation on the exact time you were formally declared a default by the previous cash advance company.
How do I know if I defaulted on a cash advance in the past?
You should have received correspondence through the mail or email or by telephone that your delinquent cash advance was declared a default.
What if I did not repay any of the the defaulted cash advance?
It may be easier to get another cash advance if you repaid or settled the defaulted cash advance. This is because future lenders would rather know that your business made an effort to repay some of the advance or tried to reach a settlement to pay a lower amount to try to satisfy the debt.
Can I get more if I repaid the merchant cash advance that I defaulted on?
The dollar amount of a future advance after a default depends more on your current revenues and situation rather than if you repaid the merchant advance you defaulted on.  Partially or fully repaying a cash advance after a default will  play a bigger role on whether you will be approved or declined.
I defaulted on more than 1 cash advance. Can I still get another mca cash advance?
Yes. You may still be able to qualify for a new advance. Approval depends a lot on how many advances you had as well as how long it has been and the total amount you defaulted on.
Does it matter how much the amount of the defaults were?
The amounts of the defaults do matter and will be looked at along with other things such as how much revenue your business is making now. If your business is making good revenue and profits now that will help. If your business is making more revenue than before that will make your profile even stronger after a default.
I am still in collections on my old merchant cash advances. Can we still be approved for funding?
Yes, your business still has a chance to qualify for more funding. Provide the details of the collection activities and they will be reviewed.
I am still negotiating with attorneys on my previous defaults. Can I still qualify for a new advance?
Your business may still qualify for a new advance if you are still negotiating on your previous defaults. Collections and negotiations on old defaults and non payments can go on for months or years. Any repayment or settlement will be looked at along with how much time has gone by since the original default.
I paid a settlement on a merchant cash advance instead of defaulting the entire amount. Can I show a settlement letter and get another business loan or advance sooner?
You may be able to get another business loan or cash advance sooner if you paid a settlement instead of the full amount. Defaulting on the full amount of the mca cash advance is the worst way to go. Paying a settlement shows that your business made effort to pay money that was owed and that your business was still profitable enough to pay a settlement amount rather than a total default.