Time in Business
1 Year Minimum
Yearly Revenue
$200,000 +
Loan Amounts
$10,000 to $5M
Credit Score
500+ FICO Score
Cash advances are nothing new. They have been available to business owners for years.
The businesses’ cash advances are repaid through their future credit card sales and receivables. Merchant cash advances or the mca, work because they are based on your company’s ability to repay a percentage of your daily receivables. This is not a business loan.
This small daily percentage that is repaid is known as your “holdback.” These holdback “percentages” can range from low single digits to as much as 30%.
The full amount of the cash advance is repaid over an extended period, and the repayments are based on your daily credit card receipts. As a result, we can only guesstimate the length of the advance.
When your daily revenue is low, your repayment for that day will be small. When your revenue is high, your repayment will be larger.
No Cost
No Obligation
24 Hour Approvals
Perhaps you’ve investigated merchant cash advance loans from other companies but have been scared away by complicated and confusing application processes.
All too often, merchant cash advance direct lenders make businesses jump through all kinds of hoops just to get the cash that they need. Sunwise Capital, merchant cash advance direct lenders, is different.
Our application process is quick, convenient and can be handled entirely online. You don’t have to provide any collateral or assets, and there’s no maturity date to worry about.
Our mca lending team quickly analyzes your company’s cash flow to give you a decision in as little as one business day, and the funds typically hit by the second business day. Most of our clients react by saying that it is smart, simple and fast. The fast merchant advance loan underwriting process and funding makes us one of the top merchant cash advance direct lenders.
At Sunwise Capital we pride ourselves on our excellent service, superior knowledge, and veteran expertise as an MCA lender in the small business loan space, providing the best merchant cash advance loans.
Taking out a business loan to keep your small business moving along seems like a smart thing to do.
However, most small businesses get turned down when they apply for a business loan from the bank.
The answer lies within the current state of our banking industry. Those that are approved by a bank must typically repay the loan within very restrictive terms.
If your cash flow fluctuates a lot, as it often does, making those payments can be a significant burden.
When you need extra cash for your business and need flexibility in paying it back, a merchant cash advance may be the answer. All you need is a merchant account.
Sunwise Capital is a merchant cash advance company that specializes in getting small businesses the money that they need as quickly, easily and affordably as possible.
For decades, small businesses in need of a cash advance only had one type of financing: apply for a business loan from the bank and hope for the best.
Today, banks have mostly moved away from giving loans to small businesses. Unfortunately, the process is more hassle than it’s often worth. Plus, the requirements and bank covenants are too often prohibitive.
To be approved by a bank, you typically need considerable assets and some collateral. Banks often also require a personal guarantee – from all the principals. They also primarily base their decision on your FICO credit score and business credit which prevents many businesses from getting financed.
It’s very simple. A percentage of your daily revenue is used to make your regular payments repaying the advance amount. It is based on your daily credit card receipts. In effect, these are credit card processing loans. Another huge advantage is that we only require a minimum of 6 months in business.
Banks like you to have assets or collateral in a 3:1 ratio. This ratio means for every $1 you borrow you must secure it with three dollars in cash or assets. Let’s assume you need $100,000 for expansion. According to the bank, you need $300,000 in collateral. Guess what?
If you have $300K sitting in your bank account, you do not need to borrow $100K, right? The next big hurdle is that all your business partners must qualify for the loan. All your partners will need a FICO score of 680 if not 720 or better to qualify for the business loan and they will all be responsible for posting collateral. Your next obstacle is the reason for requesting the loan. This reason for borrowing must be on the bank or lender’s list of approved reasons. If it’s not, you’re out of luck. One thing that sets Sunwise Capital apart as a merchant cash advance direct lender is that we don’t need to approve your reason. It can be for any legitimate business reason. That’s right, once approved, you can use the cash advance for any business purpose. Need money for marketing or advertising? No problem. How about new hires or tax payments? It’s OK with us. At Sunwise Capital we base your approval on other factors. There are over 200 in our matrix that helps us determine the approval of your advance. These factors include the health of your business, cash flow, web presence, time in business, type of business, etc. At Sunwise Capital, our goal is to connect small businesses with the cash that they need as quickly and easily as possible with an attractive financing option.
If you are looking for a merchant cash advance company to provide that cash advance for your small business, you can’t-do better than Sunwise Capital. Our services are designed to be streamlined and easy.
The entire application process is quick and painless. You don’t even have to leave the office. We fund most advances within just two business days, and we offer advances ranging from $10,000 to $500,000. The entire process is online.
Don’t wait until it’s too late.
Like many small businesses, yours may have a somewhat unpredictable cash flow. This challenge with your cash flow makes it understandably difficult to repay fixed payment loans.
One month, making the payment might be easy; the next, it might be downright impossible. If you need cash to keep your business moving along for any reason but also need flexibility while repaying the money, merchant cash advance companies like Sunwise Capital may be the answer.
The merchant cash advance from Sunwise Capital keeps individual needs in mind. These advances are fast, easy and flexible–and you can use the money for virtually anything.
ANSWER: The rates for our merchant cash advances range between 1.18 to 1.50.
They are THE most competitive rates in the industry. We feel so strongly about that we back that up with a $500 guarantee!
Another difference between the type of financing from a bank, finance company or from a private lender like Sunwise Capital is that we are more interested in the health of your business and not how much skin you have in the game.
All finance lenders have an internal scoring system. At Sunwise Capital we use a scoring matrix with over 200 variables.
Traditional bank loans and institutional lenders like credit card companies will focus primarily on your personal credit score at the big three credit bureaus and secondarily on the other factors.
Here are some of the variables that we look at to determine the rates and terms:
The stronger the file, the better the case and the better the rates and terms on your cash advance.
We request very minimal paperwork. We need a one-page application, the last three months of your business bank or business checking account statements, and the last 4 months of your merchant account card processing statements.
What makes our Merchant Cash Advance a great solution for your challenges?
If you have bad credit, no problem. If your personal credit score is above FICO 500, we can fund your request.
Are you looking for $10,000 up to $500,000? If so, we can provide this type of funding up to 13% of gross revenue.
The MCA is also a great solution if you are looking for a straightforward and quick funding option and solution with no traditional personal collateral or personal guarantee.
Payback is a small percentage of your credit card processing receipts (sales) using your merchant account payment processing. This is done every time you batch (known as the holdback) and is an automatic online payment.
The benefit to you is it puts less stress on your day to day cash flow. The biggest advantage is when your payback is smaller on slow days and higher on busier days.
The MCA is perfect for those that accept credit cards, debit cards, and don’t want a fixed payment due to unpredictable cash flow.
We will gladly speak to you with no pressure or obligation to find the best fit for your small business advances at the best rate and terms.
Sunwise Capital has been in the business of helping businesses grow for over ten years. We know that getting working capital and funding can be challenging. As small business owners and entrepreneurs, we decided to make business funding smart, straightforward and fast.
Sunwise Capital’s merchant cash advance offers an affordable and flexible way to pay for your company’s inventory, supplies, and services to help you maintain or grow your business. We will give you a business cash advance that is easy on your cash flow.
As one of the premier lending companies, we carefully analyze your cash flow. The cash flow analysis allows us to determine the maximum amount you can borrow. It also makes it possible to offer you the best and lowest rates and with the most flexible terms.
Unlike the typical lender, Sunwise Capital makes it simple. We ensure that your daily payments work for your business.
Our goal is to make your payments as low as possible. What that means to you is less pressure to repay the advance daily, thereby giving you more flexibility.
For many business owners, the merchant cash advance is their lifeline. It’s rather simple. Your daily revenue from credit card sales will determine your daily payment. Have strong sales one day, and you’ll pay a little more. Have a slow day and you pay less.
Like many small business owners, you probably think that business loans are the only option when you need extra capital to run your company.
However, in recent years, merchant cash advance loans have become a popular alternative. Sunwise Capital is a leader in fast, convenient merchant cash advances.
We improved upon how other merchant cash advance companies provide such advances. We make the process as simple and streamlined as possible. Applying is handled entirely online and takes just a few minutes.
The cash advances are typically funded within two business days. With amounts ranging from $10,000 to $500,000, our merchant cash services make up one of the top 10 business loans companies.
Taking out a business loan can be a gamble. You need a certain amount of money now, but due to the unpredictable nature of operations, you’re wary about being locked into potentially high, inflexible monthly payments.
Sunwise Capital offers a great alternative: business cash advances. With this lending model, you receive the cash that you need quickly and then repay the funding through variable daily payments based on the ebb and flow of your business.
Everything about the advance is customized to suit your company’s unique needs. Best of all, our business cash advance underwriting and approval process are quick, so you can get the money that you need in a flash.
Small Business Cash Advances for Running Your Business
All companies experience ups and downs when it comes to money. That’s especially true for small businesses because they tend to have a lot less “wiggle room” where cash is concerned.
When you need some extra cash to keep your business going, however, taking out a traditional bank business loan is a bit extreme. After all, it means paying hefty application fees, completing a complicated and lengthy application and waiting weeks or even months for a decision.
By opting for small business cash advances from Sunwise Capital instead, you can get the money that you need without all the hassle. Simple, straightforward business cash advance loans.
Returning customers are a prime example of how easy it is for small businesses to get the funding that they need. Everything is online, and the application only takes a few minutes to complete.
Everything is online, and the application only takes a few minutes to complete. You don’t have to provide any collateral, and your personal credit is not the primary consideration.
We offer business cash advances from $10,000 to $500,000. Most applications get approved within 24 hours. Funding is usually the next day or two. Flexible business cash advances with payments that adjust to your cash flow.
Nothing is worse than trying to make a large business loan payment when money is tight. With the cash advances from Sunwise Capital, you never need to worry about draining the bank account to make your payment.
You can keep your business plugging along with ease because you repay the loan via daily or weekly payments that adjust to suit your current cash flow situation.
