Another merchant cash advance company to consider is National Funding. They offer advances up to $250,000 with automatic daily repayments. They’re one of the fastest merchant cash advance companies out there, with the ability to offer same-day approvals and get the money in your bank account in as few as 24 hours.
You can pre-qualify for National Funding if you’ve been in business at least one year and your monthly credit card transactions are over $3,000—making this MCA company a good option for businesses that might lower revenue volumes. To get started, you just need to fill out an online application and send in the last four months of credit card processing statements.
National Funding’s factor rates range between approximately 1.17 and 1.36, which puts them roughly on par with CAN Capital in terms of cost.