If you’re in business, you know first hand – cash is king. Sometimes, you simply need additional funding. That might mean you need a 4th position merchant cash advance. Cash is the main pre-requisite for a successful business. If you can’t buy inventory, or stock, then you’re screwed. The business slows down, you’re unable to fulfill your clients needs – and you lose money.

If you have 3 existing merchant cash advances you might wonder if there’s any other opportunities available to you.

The answer is yes!

You can get either a merchant cash advance consolidation or a 4th position merchant cash advance.

It all depends on the finances of your business and what fits your needs.

4th position merchant cash advances are a great infusion of capital for things like purchasing inventory, equipment, expanding the business, renovation, improving overall daily cash flow, new staff, repairing equipment or replacing it, and moreover adding new products and services to your existing business. Bottom line, an additional infusion of capital via 4th position can give you the quick funding you need.

The overall application process is super easy, and compared to commercial loans it’s easier, hassle free, and can be funded in literally 24-48 hours. The approval rate for a 4th position can be high, or low – depending on how over-leveraged your business is. The great thing is merchant cash advances, even 4th position MCA’s, are not based on your personal credit or factors like time of business. MCA is a great option if you need capital fast. The other advantage of a 4th position MCA is that there’s no credit, or collateral, requirements in place. MCA is not a loan – it’s a sales transaction of your future receivables.

The payback for a 4th position is simple and hassle free. It’s mainly revenue based. If you have additional position (1,2,3) then you know the process of the existing cash advances you took – a 4th position is just another “add on” position.

MCA funding is available for as many positions as you’d like, it all depends on your revenue. If you have confidence your business can do well and pay back the 4th position, then a merchant cash advance is a great idea. Delancey Street has a number of options for you if you’re considering a 4th position. We are here to help you.

If you’re a business owner, funding is key

We can help you get more funds through a few different methodologies

4th Position MCA – Get an additional merchant cash advance position which will give you an immediate infusion of cash

Line of credit – If your credit score is good, we can get you additional funds through a revolving line of credit

Merchant cash advance consolidation – We can consolidate your existing loans into a new loan, and increase the amount of cash in your bank account.

Does the fact I have an existing merchant cash advance matter?

Not really. It all depends on how much revenue you generate, and how much money you pay daily/weekly to existing cash advances. Most lenders will give you an additional cash advance up to 20% of your daily remittance. Most lenders feel that 20-25% is the they can lend up to of your daily cash balance without over-leveraging and compromising your business.

What is the longest term you can get on a 4th position MCA?

Typically the term will vary between 60-180 days. In some cases it can go longer. The terms offered will depend on your business cash flow, and your ability to handle the debt and payments of the new cash advance position.

Will I be declined because I have existing positions?

No. Funders won’t decline you, alone, based on your existing positions. Most funders will decline you if they think you are over-leveraged, and don’t have enough room in your cash flow to afford an additional position.

For example, if your daily cash balance is $1000 – and you have 3 existing positions that cost you $500 per day combined, you’ll probably get rejected for an additional position.



how to get a merchant cash advance

Growing your business is your number one priority. Your small business has so much potential, and your job as a business owner is to find that potential and maximize it to increase profits. When your business grows, you’re able to offer more employment opportunities, you can take care of your own family, and you provide a good or a service that benefits your community. A business owner never really quits working, and you know that it takes money to make more money as a business owner. If you find yourself in a position to grow your business by expanding, hiring new employees, or purchasing new equipment, you need the funds to do it.

When A Business Loan Fails

Unfortunately, not everyone who owns a small business is able to secure a small business loan from a lender. Financial institutions want to give you money to help your business grow, but only if you meet a lengthy list of strict lending requirements. These requirements include everything from a good business credit score to a good personal credit score to a certain amount of time in business. You have to be able to prove you can repay your loan. You must provide collateral, and many people are forced to provide collateral in the form of their own homes. This means you could lose your home if you fail to repay the loan because your business plan didn’t work.

Speaking of business plans, your business plan must be specific and details if you hope to secure a traditional small business loan. If a lender doesn’t think that your plan to grow your business and increase profits is good enough, they will deny your loan and leave you right where you started. It takes weeks, and sometimes months, to secure a traditional business loan, and not everyone has the time to wait. What happens now? You either don’t qualify for a small business loan or you simply cannot wait six weeks or longer to secure a loan, and you don’t know what to do.

Consider a Cash Advance

Have you heard of a cash advance? It’s a form of lending that allows a small business owner to borrow money to grow your business, but the application requirements are a lot more lenient than they are for a traditional business loan. A merchant cash advance is typically funded in just a few days rather than weeks or months. You can have your money in hand within days of submitting your application.

This is money you borrow from a lender who wants you to make repayments in a non-traditional manner. For example, you don’t make a monthly payment every month to repay a merchant cash advance. You make a daily repayment, and that payment amount is based on the amount of credit and debit card sales you make that day. Merchant cash advance lenders take a portion of your everyday sales via credit and debit cards for repayment, and the amount fluctuates daily based on your sales that day. If you don’t make many sales, your payment drops. If you have a great sales day, your payment is higher that day.

A merchant cash advance also takes less time to repay. A traditional loan is repaid monthly over a set number of years as agreed upon in the application process. A merchant cash advance is repaid for approximately one year. Some people can repay the loan faster based on high sales, and some people need a little bit more time to repay their loans. What you should know about your cash advance is that you might pay a lot more to repay this loan even though the repayment period is significantly shorter. Interest rates can reach well into the triple digits depending on your application.

Is A Cash Advance the Right Choice?

Most people ask this question thinking that funding in a few days is too good to be true, and that’s because it is for some people. If you have a high credit score and you’ve been in business for a while, you should try to take out a small business loan first. If that doesn’t work, a merchant cash advance is the best option for you. It’s not the first option for many business owners because it is an expensive method of lending. You should only apply for a merchant cash advance if you have no other options.

Before you borrow anything from a cash advance lender, be sure you read all the fine print associated with your loan. You must know what you’re getting into before you sign the agreement. If you sign something you don’t know how to handle, you could end up in more debt and find yourself unable to pay it off. This is a form of lending that can benefit you and your business if you’re borrowing for the right reasons.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

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