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fundu is the nations leader in providing revenue - merchant cash advance based ​funding to the underserved business community that can not obtain traditional ​business funding.

What is a Merchant Cash Advance?

A merchant cash advance - also called an MCA, is not a ​loan but an advance of cash based on your business's ​future revenues. You pay this advance with an ​automated withdrawal via ACH directly from your ​business banking account. The amount is set ​beforehand with a percentage of your daily bank ​balance (usually daily or weekly, but terms and ​qualifications can vary). Merchant cash advances are ​ideal for small businesses that require capital quickly to ​cover cash flow swings or short - term high - yield ​investments. When opportunity strikes, that's where ​revenue-based business advances like this one shine.

How does a Merchant Cash Advance Work?

Small businesses depend on constant and sufficient ​availability of cash to keep running. With this liquidity, the ​company can thrive in the sea of operating expenses and ​take advantage of opportunities due lack of investment ​capital. For example, your business may need more ​goods and supplies or pay for equipment repair, or a ​project requires some upfront spending.

After applying for an advance, fundu looks at the average ​worth of deposits to your business banking account that ​can be considered revenue. We then decide how much ​advancement you should receive at a specific factor rate. ​Your advance should be in your business bank account ​between one and three days after starting the process. ​After that, you will repay your advance by releasing an ​agreed-upon percentage of your future sales.

Depending on your agreement with fundu , you could ​repay your advance daily and sometimes weekly. Also, it's ​refreshing to know that your payback will only take a ​specific amount based on the agreed-upon percentage, ​so you always know what to expect.

Merchant Cash Advance Payback & Factor Rate?

The payback rate of an MCA is the percentage of advance that the business will pay back in addition to the ​actual worth of the advance. For example, if an advance of $10,000 has a factor of 45%, the business will ​pay back the advance amount plus the factor rate. That is $10,000 + $4,500 (45%), amounting to $14,500 in ​total payback.

Another way of referring to the cost of capital is the "factor rate," which is essentially the same as the payback ​rate. You can find out the total payback amount for an MCA by multiplying the factor rate by the principal. ​Using our previous example, a principal of $10,000 multiplied by a factor rate of 1.45 will give a payback amount ​of $14,500. Payback/factor rates vary based on several factors.

How does a revenue advance work?

Securing funding for a small business can be ​challenging, particularly during crucial times ​when financial support is needed the most. ​Traditional lenders, such as banks, typically ​subject applicants to lengthy approval processes, ​exacerbating the difficulty.

Enter the revenue advance ~ merchant cash ​advance, a solution that addresses this challenge. ​Unlike traditional avenues, a revenue advance ​streamlines the funding process by assessing a ​business's historical debit and credit card sales. ​This evaluation forms the basis for providing an ​advance tied to anticipated future sales, ensuring ​a rapid injection of funds.

Upon approval, repayment is facilitated through deductions from the merchant account or linked bank ​account, usually through daily or, in some cases, weekly direct debits. Notably, certain merchant cash ​advances adjust payment amounts based on the business's sales volume. In periods of lower sales, the ​repayment amount decreases, offering a flexible arrangement beneficial for managing cash flow.

It is crucial to evaluate the consistency of your cash flow and assess whether your merchant account will ​have sufficient funds daily to accommodate periodic payments. This consideration ensures a smoother ​and more sustainable financial arrangement for your business.

Get Started With a Merchant Cash Advance

Provide basic information about your business. If approved, you can request funds

and receive them in your account in as fast as 24 hours.

• Fast access to cash
• Flexible repayment terms
• Excellent credit not required
• Wide range of use of funds
• No collateral required

What Other Business Owners Say

“I already had an existing dry cleaning business in another city, and an opportunity came to expand. We ​tried to go through traditional banks and private lenders, but unfortunately, the experience was very ​difficult and the terms were even harder. I called fundu, and within two days I was able to get the funds that ​I needed. We were able to improve our business and the process was very, very easy.”

Manuela Fuentes. Cleaners. Miami, FL

“I own a small but well know pizza place in NJ. Right before the weekend, our main stove broke. No way to ​repair. Our service technician contacted us with fundu. Mr Pineyro started the process on Saturday ​morning. By Saturday 1pm or so, I had my $15,000 wired to me. Amazing. I will always use them when I ​need money for my business"

Antonio Russo, Pizza Owner, NJ

“My credit score is low. I needed $20,000 to close on a great business expansion opportunity that was going ​to 5X my investment. I tried your larger internet funding companies and they all denied me for a mmillion ​reasons. A fellow business associate had a great experience with fundu. Skeptical at first and with not much ​hope, I called them. The entire team at fundu made me feel so special. Literally within 1 day, they called me ​in joy saying I was approved for $20,000. I will forver be grateful for them.”

Latesha Wilkens, SPA Owner, Texas

"fundu gave me the money and attention I needed when I needed it. I was a fairly new business (4 months ​old). My sales were good but my credit was in the low 600's. I was denied elsewhere. I called fundu after ​they were highly recommended from a local business association I am a member of. Besides the fact they ​got me funded for $32,500 they gave me so much attention. They gave me great business advice that I ​follow til this day. Thank you fundu!"

Abigail Rogers, CA, Pet Daycare