Create Your Personalized Finance Journey
We believe that every business is exceptional, and your financing should reflect that. Whether it’s small business loans, equipment financing, or any other financial need, Singhs Capital Group has you covered. Our team of experienced finance specialists will work collaboratively with you to develop a customized financing package that aligns with your specific goals. Singhs Capital Group serves as the ideal choice for individuals seeking a tailored financing experience that simplifies the process and offers a diverse array of options, thus ensuring that your financing experience is uniquely tailored to your needs.
Business Line of Credit
Experience the freedom of accessing cash at superior rates compared to the average credit card. Discover line of credit offers through members of our extensive financing network.
Learn More
Revenue-Based Financing
Harness the power of fixed-cost financing tailored to your recent sales history. Discover revenue-based financing offers extended through Singhs Capital Group and/or our esteemed financing network members.
Learn More
Discover a range of financing solutions designed to provide the working capital you need to power business growth
Business Loans
Are you ready to take your business to the next level? Singhs Capital Group and our financing network offer the flexible business loans you need to turn your dreams into reality.
Learn More
Equipment Financing
You can acquire essential equipment without depleting your cash reserves with the help of equipment financing offers from our network of financing partners.
Learn More
WHAT IS A MERCHANT CASH ADVANCE?
A merchant cash advance is not technically a loan. With an MCA, a financing company advances you cash in exchange for a percentage of your daily credit card and debit card sales, plus a fee. Merchant cash advances can be quick, easy ways to get a business cash advance with no need for collateral—even if you don’t have a great credit score.
Maximum Advance Amount – $2.5K – $250K
Repayment – Paid daily via your merchant account
Time to Funding – As little as 2 days
WHO QUALIFIES FOR MERCHANT CASH ADVANCES? WOULD YOUR BUSINESS BE ELIGIBLE FOR A MERCHANT CASH ADVANCE?
If you have little or no collateral, limited business history, or a low credit rating, merchant cash advances could be a solution to your financing problems. Merchant cash advance providers tend to have easy eligibility standards, so most small businesses shouldn’t have a problem qualifying.
Plus… For businesses that make a big portion of their revenue through credit card payments—if you own a restaurant or a retail store, for example—then you can use a merchant cash advance as a short-term financing tool. It can help with working capital, inventory purchases, debt payments, unexpected payments, and more.
Most customers who were approved had
**Based on past Funded customers
Annual Revenue – Over $180K
Credit Score – 500
Time in Business – Over 6 Months
WHAT’S THE COST OF A MERCHANT CASH ADVANCE?
Your funder will not include the typical interest rate that is associated with a business loan. Instead, your funder will apply a factor rate to your merchant cash advance. If you’re unfamiliar with factor rates, you’re not the only one. A factor rate is another way funders add costs to the funds they provide. With a merchant cash advance, the cost of funding is added to your program at the very beginning, unlike interest and APR rates that annualize over time.
To better understand how these rates will affect your total payback, let’s look into a few examples:
MCA Amount Factor Rate Total Payback
$10,000 1.15 $11,500
$50,000 1.18 $59,000
$100,000 1.20 $120,000
As you can see from the table above, factor rates are expressed as a decimal rather than a typical percentage you may be used to. In order to determine your total cost, multiply your factor rate by the total amount of your MCA program.
Factor rates operate much differently compared to interest and APR rates. When searching for funding options, you should understand how each rate functions so you can properly compare the total costs.
Our goal is to find the right funding program that meets your financial needs. Singh’s Capital Group Business Advisors can point you towards the right merchant cash advance to meet your goals.
HOW CAN MY BUSINESS USE A MERCHANT CASH ADVANCE?
MCAs can be used for just about anything and can help you handle any financial hurdle you may encounter. When your business receives an MCA, you can use it any way you see fit to benefit your growth. Consider some of these possible scenarios:
Additional Working
Capital If your business lacks working capital, a merchant cash advance can replenish the funds you need for daily operations. Whether you’re waiting on an invoice payment or dealing with a seasonal lull, an MCA can get you through these unsettling times.
Emergency Expenses
Unexpected expenses can burden your business when you don’t have additional working capital. The speed of a merchant cash advance can quickly tackle those financial hardships you didn’t see coming.
Growth Opportunity
When your business gets the opportunity to fulfill a large purchase order or take on a new client, it can require more capital than you have available. A merchant cash advance can help you access the funds your business needs to grow, without disrupting your cash flow.