Buying inventory while the price is good
When a supplier offers a deal or a limited lot, you can pay for it now and cover the cost from the sales that inventory brings in. Often the same day you're approved.
Merchant Cash Advance
Who it's for
Businesses with $10K+ monthly revenue and 3+ months in operation
Typical amounts
$5,000 – $5,000,000
Terms
3 – 18 months
Requirements
3+ months in business
Requirements
$10K+ monthly revenue
Requirements
Active bank account
A merchant cash advance is money now in exchange for a share of your future sales. It's a purchase of future receivables, not a loan, so what you pay follows how your business is doing.
What it helps
When a cash advance is the right fit.
Getting through a slow season
Payroll, rent and insurance keep coming when work slows down. This covers the gap until your busy season is back.
Paying for a marketing push
Ads cost money before they bring any in. This lets you start a campaign ahead of your busy stretch and cover it from the sales it creates.
Fixing equipment that can't wait
When a repair or replacement can't wait until you've saved up, this gets it done now and takes the cost out of your sales.
Process
Three steps to get funded.
01
Apply in minutes
Fill out one short online application. Tell us what your business does and how much you need.
You provide: six months of business bank statements, a photo ID, a voided check and a list of any current advances or loans.
02
Talk to a specialist
A Falcon specialist reviews your file, asks for anything that's missing and walks you through your options.
You get: a call about the amount, the share of sales you'd pay and the timing, before anything is signed.
03
Approve and get funded
Once you're approved, review and sign your agreement. Funding can happen the same day.
You see: the total amount you're selling and the percentage of sales that goes toward it, both spelled out on the agreement.
FAQ
Cash advance questions
No. You're selling a share of your future sales for cash today. Instead of one fixed payment a month, you pay a set percentage of your daily or weekly sales, under the agreement you sign.
$5,000 – $5,000,000. The amount depends on your monthly sales, how long you've been open and your bank activity. The final number is confirmed once your file is reviewed.
Falcon charges a 0% agreement fee. Pricing is shown as two numbers before you sign: the total amount you're selling and the percentage of sales that goes toward it. Both depend on your file, so there's no single rate published here.
It depends on how quickly you send your documents. Once you're approved and have signed, funding can happen the same day.
Your sales and bank activity carry the most weight. Your credit score is part of the picture, not the whole decision, and your specialist reviews your full profile. Approval is never guaranteed.
A set percentage of your daily or weekly sales goes toward the purchase, as spelled out in the agreement you sign. You'll see that percentage and the total amount before you commit.
Six months of business bank statements, a government-issued photo ID, a voided check and a list of any open advances or loans.
When a cash advance isn't the right fit.
A cash advance is the fastest money you can get, and usually the most expensive. Here are three situations where another Falcon product fits better.
If the cost is planned and repeats
Rent, payroll and regular inventory orders come around on a schedule. A line of credit lets you draw what you need, when you need it, and only pay for what you use.
Business Line of CreditIf you're buying equipment or a vehicle
Equipment, vehicles and fixtures earn for years, so the cost should be spread over that time. Asset-based loans use what you're buying as collateral, so the cost is tied to the equipment rather than to your daily sales.
Collateral & Asset LoansIf you're carrying more than one advance
Two or three daily payments stacking on top of each other is how a good month turns into a bad one. Consolidation pays off the positions you have and rolls them into one payment sized to your sales.
Consolidation of PositionsFrom the blog
