Last Updated: 04/18/2025
In Advance Capital Merchant Cash Advance
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Last Updated: 04/18/2025
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Highlights
Factor Rate
1.15 - 1.5
Amount Range
$5,000 - $500,000
Minimum Revenue
$180,000
APR (Fee-Based Product)
N/A
In Advance Capital Merchant Cash Advance Review
In Advance Capital Merchant Cash Advance is offered by In Advance Capital, a direct lender founded in 2016 and based in New York, NY. In Advance Capital Merchant Cash Advance are available in 50 states and Washington, DC.
In Advance Capital Merchant Cash Advance FAQ
What APRs does In Advance Capital Merchant Cash Advance offer?
The cost of merchant cash advances is typically marketed as a factor rate, not an APR. In Advance Capital offers merchant cash advance with a factor rate starting from 1.15 to 1.5 . The higher the factor rate, the higher the fees. For example, an advance of $20,000 with a factor rate of 1.25 will have a total repayment of $25,000, which includes $5,000 in fees.
, but they do not disclose their rates. Does In Advance Capital Merchant Cash Advance charge prepayment fees?
Yes, In Advance Capital Merchant Cash Advance charges additional fees to borrowers who pay off their In Advance Capital Merchant Cash Advance sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a In Advance Capital Merchant Cash Advance early.How much cash can you advance from In Advance Capital Merchant Cash Advance?
Cash advance amounts start at $5,000 and go up to $500,000.
What types of repayment method does In Advance Capital Merchant Cash Advance accept?
In Advance Capital Merchant Cash Advance accepts the following repayment method from the Merchant:
- Split withholding
- ACH withholding
How often does In Advance Capital Merchant Cash Advance process payments?
In Advance Capital Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to In Advance Capital Merchant Cash Advance as payment for your cash advance until the full amount is paid.
Does In Advance Capital Merchant Cash Advance charge an origination fee?
Yes, In Advance Capital Merchant Cash Advance charges a origination fee of 3% to 5% of the total amount advanced . In Advance Capital Merchant Cash Advance deducts the fee directly from your merchant cash advance amount before disbursing merchant cash advance proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
What is the minimum repayment amount required by In Advance Capital Merchant Cash Advance?
There is no minimum repayment amount.
What is the estimated funding time for a merchant cash advance via In Advance Capital Merchant Cash Advance?
In Advance Capital Merchant Cash Advance can fund your merchant cash advance within 1 business day of approval.
What are the business financing requirements for In Advance Capital Merchant Cash Advance?
To apply for In Advance Capital Merchant Cash Advance, you need to provide the following business documentation:
- Business license
- Business bank account
What do you need to qualify for In Advance Capital Merchant Cash Advance?
Applicants with a credit score of at least 450 and up to 850 may be eligible for In Advance Capital Merchant Cash Advance. The minimum age to be eligible is 18 or the state minimum, whichever is higher. In Advance Capital Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by In Advance Capital Merchant Cash Advance.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Proof of identity
- U.S. tax identification number
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