What is a Merchant Cash Advance?+
A Merchant Cash Advance is not a loan — it's a purchase of your future revenue. You receive a lump sum upfront and repay through a fixed percentage of your daily business income. Repayments flex with your cash flow, so slow days mean lower payments.
How fast can I receive funding?+
Most clients receive approval within 24 hours of submitting a complete application. Funds are typically deposited 1–2 business days after signing, with same-day funding available in many cases.
Do I need good credit to qualify?+
No. We evaluate your business based on monthly revenue and cash flow — not your personal credit score. Clients with scores as low as 500 have been funded through EK Funding.
How much can I borrow?+
EK Funding facilitates advances from $5,000 to $2,000,000. The amount is based on your average monthly revenue — typically 50%–150% of your monthly deposits.
What documents do I need?+
For the full application you'll need: 3 months of business bank statements, a government-issued ID, your EIN, SSN, and basic business and financial information.
Is there a prepayment penalty?+
This depends on the specific funder. Many partners offer early payoff discounts. Your advisor will explain all terms clearly before you sign anything.
Does EK Funding charge fees?+
Our brokerage service is free to you. We are compensated by our funding partners when a deal closes. You will always see the full cost — including factor rate and total payback — before agreeing to anything.
Can I get funded with a previous MCA?+
Yes. Many clients are on their second, third, or fourth advance. We can also help consolidate multiple existing positions.
What's the difference between the quick form and the full application?+
The quick pre-qualification on our home page collects only basic info — no sensitive data required. The full application on the Apply page collects everything needed to receive a real funding offer, including SSN, EIN, DOB, and financial details.
Is my information secure?+
Yes. All data is transmitted using 256-bit SSL encryption. We never sell or share your personal information. Your details are used solely to evaluate your funding application.