Merchant Cash Advance (MCA)
Cash Advance for Your Business
Fast financing based on revenue, not your credit.
What is an MCA?
A Merchant Cash Advance (MCA) provides a lump-sum cash advance in exchange for a percentage of your future daily or weekly sales. Unlike a traditional loan, there are no fixed monthly payments — repayment automatically adjusts with your revenue, so slower months mean smaller payments.
How it works: Glovenco purchases a portion of your future receivables at a discount. You receive the advance upfront and repay via an agreed split of daily card sales or ACH debits until the total is settled. Advances typically range from $5,000 to $500,000, with factor rates between 1.15 and 1.45 depending on industry risk and revenue consistency.
Ideal industries: Restaurants, retail stores, salons and spas, e-commerce businesses, auto repair shops, medical and dental practices, and any business with consistent daily card volume.
Timeline: Most approvals are issued within 4–24 hours. Funding typically hits your account within 1–2 business days of approval.
Processed through Gloven Funding — These products are originated through Gloven Funding, Glovenco’s dedicated business financing division. You can also apply directly at glovenfunding.com.
⭐ Advantages
- Approval within hours — no lengthy underwriting
- No collateral required; advance is secured by future revenue
- Low credit score accepted (as low as 500 FICO)
- Repayments flex with your daily sales — no rigid monthly due dates
- Ideal for seasonal businesses or emergency cash needs
- No restrictions on how you use the funds
⭐ Requirements
- At least 6–12 months in business
- Minimum $15,000–$20,000 in monthly revenue
- 3–6 months of business bank statements
- Valid government-issued ID
- Active business checking account