Through our partnership with funding agents, we are pleased to offer two options to meet businesses funding needs. The Merchant Cash Advance, or MCA, is the agreed upon purchase of future receivables in exchange for an immediate lump sum to the business. The lump sum must be used as working capital, and/or toward any expenses related to the business. It is traditionally paid back in the form of daily or weekly ACH payments from the business' bank account. No collateral is needed. Terms are 4-24 months.
Overwhelmed with the number of business loans your business already has? The MCA Consolidation program will help you get back on track. Each lender you have an agreement with will be paid off with the total amount owed consolidated into one loan. You will then have a single, more manageable payment, allowing you to regain revenue generation for your business. Minimum consolidation loan of $100,000. Collateral is required. Monthly payments over 12-18 month terms with renewal options. Rates start at 12%.
Please submit the completed application and a current copy of your credit report (available at www.CreditKarma.com, www.CheckMyReports.com, etc.) to apply@NBBSC.org. Additional documentation will be required depending on teh level of funding requested. Follow the link below to pay the $250 application processing fee.
Pay Your $250 Application Processing Fee For an MCA Loan Here!
The plans of the diligent lead to profit as surely as haste leads to poverty.
- Proverbs 21:5