What is Merchant Cash Advance?
Newera funding merchant cash advance is designed to meet the financial needs of Canadian & American small businesses. Flexible financing, easy repayment schedules that work for your business cash flow and allow you to empower your business to trade tomorrow's earnings for cash toda
Small Business Financing Canada & America
Since 2009, Newera Funding has been helping small-medium Canadian & American businesses get quick and easy access to financing solutions. Unlike other lenders, our merchant cash advance professionals look after our customers.
That is why we have a 97% approval rate on all submitted applications. If you think your business could benefit from a business cash advance, speak with one of our specialists today. We provide up to 125% of your average monthly sales, which can be deposited into your account as soon as the same day!
We provide up to 125% of your average monthly sales, which can be deposited into your account as soon as the same day!
For example, if your business generates $25,000 in monthly sales, your business would be eligible for up to $31,250 as a merchant cash advance.
In addition, a "withholding percentage" would be automatically deducted from your daily transactions until your advance is fully repaid with our Split Program.
No interest, no hidden fees and your repayments are based on your sales.
Merchant Cash Advance Basics
Quickly and easily become educated on precisely what Merchant Cash Advances are and how they can immediately help your business
Interest Free
MCA allows businesses to obtain an interest-free advance on the regularly flowing funds of the merchant account.
Witholding
Each day, an agreed upon percentage of the sales are collected in order to pay back the advance.
Not A Loan
A merchant cash advance is NOT a loan, but rather an advance of funds based upon the future sales of a business.
Flexible Payments
Repayment is based on a percentage of the daily card sales, instead of a set daily/monthly repayment amount
What can I use it for?
You have absolutely zero restrictions as to
where, how and when you make use of your advanced funds.
EXPANSIONS
EMPLOYEE WAGES
UPGRADES
INVENTORY
Does my business qualify?
In order to qualify for our standard funding package, your business must meet the following minimum requirements:
OPERATIONAL FOR A MINIMUM OF 90DAYS
ACCEPTS CREDIT/DEBIT CARDS (MINIMUM OF $10,000/MONTH)
LOCATED IN CANADA (EXCL. QUEBEC)
YOU HAVE NO OPEN BANKRUPTCIES (PERSONAL OR COMMERCIAL)
Small Business Financing Canada & America