Frequently asked questions

  1. ?

    Is there an application fee?
    No, there is no fee to apply for a Merchant Cash Advance with CapAssist.
  2. ?

    How much can I qualify for?
    Every business is unique, so it's hard to tell you exactly what your business will qualify for. However, we will evaluate your business history, credit card sales and prior loans to help assess the amount we can advance to you.
  3. ?

    How do I make payments?
    Your payments will be scheduled based on the terms of the advance. The merchant cash advance company that you sign with will determine the amount and frequency in which the advance is repaid.
  4. ?

    What if I already have an outstanding Merchant Cash Advance elsewhere?
    No problem! Once you are approved for a new cash advance, our lenders will work with you to pay off any existing cash advance or loans.
  5. ?

    What if I want to pay this off early?
    Go for it! Our merchant cash advance lenders do not have any penalties for prepayment.
  6. ?

    My personal credit is not great. Will this hurt my chances of being approved?
    Merchant Cash Advances are perfectly suited for those with some credit challenges. That said, when taking on any new debt obligations its important to make your choices responsibly.
  7. ?

    Do I have to switch my credit card processor?
    The short answer is that, it depends. Some MCA companies require that you switch to their preferred vendor while others do not. The good news is that you do not need to make a decision on this until you see if they can save you any money by switching. If it's not beneficial to your organization, we can help find another solution.
  8. ?

    What are your minimum qualifications?
    While we are not a direct Merchant Cash Advance company, our suite of lenders have a few primary qualifications: -No home-based businesses -At least three months of transactions (sales) -Minimum of $5,000 per month of average sales
If you have more questions please contact us