Services -- Merchant Cash Advance

Merchant Cash Advance

MeritCard and RockSource Capital offer business owners a hassle-free alternative to traditional financing sources such as banks, factors, and credit unions. When you want money for any business need but don’t have the collateral or the time to deal with a bank, we may have the answer. We approve 85% of applicants, require very little paperwork, and do not require collateral. Best of all, we can get you funds up to $3,000,000 per corporate entity in as little as 48 hours.

Fast and Flexible
All of our merchant funding programs provide you with the freedom to use the money for any business need, with no restrictions or fear of breaking covenants. We also give you all the money upfront and don’t have to approve any work or invoices so you can make quick decisions when opportunities come up. Some common uses are:

  • Expanding and upgrading inventory
  • Purchasing or repairing equipment
  • Down payments on new location
  • Renovations or lease hold improvements
  • Meet payroll, tax, or other obligations
  • Purchasing new business
  • Buying out partners
  • Replacing working capital

Simple Concept
We pay you a lump sum upfront for a discounted portion of your future credit card and/or gross receivables. After you receive funds and make sales transactions, we get a small fixed percentage of your credit card sales, or a fixed payment depending on the type of program you choose. The process is completely automated so no there’s no need to write a large check at the end of the month or worry about late fees.

Easy Qualification
You only have to meet the following basic requirements to qualify for one of our programs:

  • No open bankruptcy (must be discharged 1 year)
  • Current with lease and have at least 1 year left or current with business mortgage
  • In business for at least 3 months (preferably over 1 year)
  • Above 500 credit score (exceptions for Starter Program)

Smart Options
We understand that no two situations are alike, so RockSource Capital offers a variety of programs that are customizable to fit your unique situation. Benefits of our merchant funding programs are:

  • Funding from $5,000 - $3,000,000
  • Terms from 4 months – 2 years
  • Quick approvals (24-48 hours)
  • Fast Funding (1-10 days)
  • Lenient credit requirements
  • Based on annual gross sales and/or monthly credit card sales
  • Flexible payments; fixed or percent of sale
  • We work with your bank and other financial partners, we don’t replace them
  • Qualify for a renewal when you’ve paid balance down 50%

Merchant Cash Advance Application (PDF)