How to get the best merchant cash advance renewal terms

Get excellent merchant cash advance renewal terms your business will qualify for.

Get terms as long as 12, 16, and 18 months and lower rates.  In some cases, 24 months and low rate factors.

How to get the best merchant cash advance renewal terms, lower rates and longer terms.  How to Direction:

  1. Step 1 Talk with a representative at your current mca company.  Give them your most recent three months business checking account statements and ask them to review your file in advance of their underwriting reviewing your request.
  2. Step 2 Ask the representative to estimate the renewal amount, the number of months and rates.  Ask for a better rate on a renewal.
    How to Tip: If a renewal offer is made, ask for  at least a 2% lower rate on each renewal.   Some cash advance companies will not pre-review your file.  If they won’t,  let underwriting process your file.
  3. Step 3 Tell your current cash advance company that you are shopping for a better offer and are comparing their offer to others.
  4. Step 4 Apply with one or two competitors. If they beat your current mca cash advance companies rate and terms, take their approval offer and ask your current cash advance company to beat that offer.   Review the funding stipulations to make sure you can provide everything needed to close.
  5. Step 5 Decide on the best of the offer terms, complete the transaction and receive funding.

Complete the secure DocuSign here Secure DocuSign 30 Second Application here
Call us at Tel:  1-919-771-4177, or Question? 

What are renewal options ?
Get a mca merchant cash advance or business loan with the best and longest renewal terms of up to 18 months.
Get a better and less expensive cash advance renewal.   Also available are  large business loans,   bank statement loans, loans against equipment, asset based loans and other options such as paying off your mca merchant cash advances.
Click and apply above now to get your longest merchant cash advance renewal terms.

How to get the best cash advance renewal terms
What can you do to get the best cash advance renewal terms possible? Follow these tips.

People also ask, F.A.Q.’s frequently asked questions and comments.

Why is my renewal not longer than before?

In most cases, the cash advance renewal term will be the same as the one you originally took out. You must ask for a longer term.
If you have had a good pay history or your credit score has gone up, then the funder may give you a longer term on a renewal, but only if you request it.
Do not expect the funder to offer you longer terms on their own. MCA Companies want to put you in the shortest term possible and the shortest term you will accept.
Many businesses believe that if they had an excellent repayment history on their first cash advance, then they should get a much longer term and much better rates on all renewals.    Your business may qualify for a longer term on a renewal.  Request that immediately when you request the renewal.

What if my company’s situation has gotten worse since I took out the advance? Should I even apply for a renewal of my cash advance?

Contact your representative before you apply for a renewal and ask them, “what would prevent my company from getting another cash advance renewal?”
Listen to what the Representative says. Ask him what are the most common reasons companies are declined for a renewal. If he does not mention decline reasons that your company has, then you have already gone through a partial pre-review.

What can I do myself to get a better offer for my mca cash advance renewal?

  1. Review your most recent 3 months business checking account statements yourself.
  2. Compare the average monthly deposits, average daily balance, if you had any NSF Overdraft activity with the same numbers on the statements you provided when you received your first advance.
  3. If the numbers are better than they were when you received your first advance and your credit is the same or better, then you have a good chance to  qualify to get a better renewal offer from your current mca cash advance company, or a competitor.

Make a list of this specific information.   Discuss it in advance of applying with all cash advance companies you want to talk to. You may be able to either pre-approve yourself or pre-decline yourself before applying. It is better to know you will likely be declined before applying, rather than applying and being declined.

If the cash advance company is not willing to seriously pre-review your file, you can choose to apply anyway.   Your goal is to get as many cash advance companies to pre-assess your file as possible.   Do not demand they do in order to apply.   If you demand that the cash advance company pre-reviews your file, you may be eliminating yourself from the best option available.

How to get an mca merchant cash advance with lower rates

Follow steps below.  How to get an mca merchant cash advance with lower rates:

  1. Contact merchant cash advance companies that offer programs with lower rates that match your business profile.
  2. Get the rates and terms available from each program.
  3. Ask in advance if your business profile matches the lower rate programs available.   If so, select the best match and apply.
  4. When approved, review closing contracts and complete the transaction.
  5. Receive funds deposited into your business checking account and begin a lower repayment.

Click on the 30 second application to get your mca merchant cash advance with lower rates and better terms.
Complete the secure DocuSign 30 Second Application now
Or call us at Tel:  1-919-771-4177, or Question? Ask here

F.A.Q.’s, Frequently asked questions, comments and requests.

“Need an mca merchant cash advance renewal with better rates”.
Also frequently requested:
“I want an mca merchant cash advance renewal with lower rates and better terms.”
Answer:  Your business can get an mca merchant cash advance renewal with lower rates and longer terms by choosing one of several programs available here.
The same programs also offer mca merchant cash advance renewals with rates as low as 12% to 15% and up rate factors and longer terms if your business qualifies.
Click above to complete 15 second request form.

How to get an mca merchant cash advance with lower rates.
Steps to get a cash advance with lower rates. Stop paying the highest rates for an mca cash advance.

How low of a rate can I get?

The lowest rates Start at approximately 8% to 12% rate factor for the best credit, longest time in business and strongest cash flow. For most businesses, rates in the low teens and higher are the lowest rates for merchant cash advances.

My mca merchant cash advance rate is super high. How can I lower my rate right immediately?   I need to get a lower payment today or by the end of the week.

Lower your mca merchant cash advance rate right now by paying it off with a lower rate advance. Use the funds from your lower rate advance to payoff the remaining balance on your new advance. This works especially well when the balance of your existing advance is low.

Can I get a line of credit  mca merchant cash advance?

There are some merchant cash advances that are similar to and work like a line of credit. Your business can borrow, repay, and re-borrow over and over. With these programs, your business can repay before the financing is paid off. By repaying before your balance is $0 (zero), you are able to use the product like a business line of credit.

Can we get a business loan instead of an mca merchant cash advance?

Yes, for many program options, your business can get a business loan instead of an mca merchant cash advance. Business loans will require a higher personal credit bureau score, usually around 575 to 600 or higher. A regular business loan may also require a longer time in business of longer than 1 year or longer than 2 years.

I want a business loan instead of a merchant cash advance.   How can I get a business loan instead of a merchant cash advance?

Yes, your business can get a business loan instead of a merchant cash advance if you qualify. Like the line of credit option, a regular business loan usually requires at least 1 year or more time in business and at least a 575 – 600 credit bureau score. Contact us for details.