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Once approved, businessess can request drawdowns without the re-approval process.
FLEX Advance eliminates the need for multiple applications.
Manageable repayment terms that support cash flow.
With our innovative financial solutions, including instant lines of credit and merchant cash advances, we’re not just funding your operations; we’re fueling your journey to success.
A cutting-edge Financial product that gives small businesses continuous access to capitol.
Credit card processing is a multi-step process that allows you to accept credit card payments.
Merchant Cash Advances allow businesses to quickly access capital to meet their business’s needs
Live answer with a Funding Specialist Same Day Approvals with Immediate Response!
Talk to a Funding Specialist Call (888) 510-3060
The application process for small business loans is quick and easy.
Need funds now? Want to upgrade your payment systems without the hassle?
We don’t mark up interchange rates like traditional payment processors
Traditional Loans, MCA or Flex, Financial 1 has the programs and support to keep your business capitalized.
An MCA is a financial product where a business sells a portion of its future credit card sales at a discount for immediate cash. Essentially, you're exchanging a percentage of your future sales for upfront funding.
Repayment for an MCA is automatic and based on your daily or weekly credit card sales. A fixed percentage of your sales goes directly to repaying the advance until the agreed-upon amount, plus fees, is paid off.
Instead of interest, MCAs come with a factor rate, which is a multiplier of the advance amount. For example, a $10,000 advance with a factor rate of 1.3 means you repay $13,000. There might also be small processing fees.
The speed of funding with an MCA can be very quick, often within 24 to 72 hours, depending on your application's completeness and our verification process.
Yes, MCAs are often available to businesses with less than perfect credit because they rely more on future sales performance rather than credit history, though better credit might secure better terms.
If sales drop significantly, we can discuss modifying the repayment terms, but it's generally expected that you'll still owe the full amount agreed upon. It's crucial to have a sales buffer or plan for downturns.
NO, MCAs are not reported to credit bureaus.
Yes, you can usually pay off an MCA early without penalties. In fact, you may receive an early payment discount!
Unlike loans which have fixed payments and interest rates, MCAs have a factor rate, they are generally funded very quickly with fewer qualifying terms.
Businesses that process a significant amount of credit card transactions and have been in operation for at least 1 year typically qualify for MCAs.
The following Industries are Restricted by Financial1
Trucking, General contracting/Construction, Cannabis related companies, Escort Services, Debt Consultation/Credit Repair, Bail Bonds, Property Managment, Real Estate, Lawyers/Law firms, Sole Proprietorships, Adult Entertainment, Non- profits
Dive into a new era of business funding where you’re not just another number. Our innovative approach to credit lines, MCA loans, and payment processing cuts out traditional bank bureaucracy, focusing on fair, fee-friendly solutions tailored to your needs.
