Results 1 to 9 of 9
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07-14-2015, 11:37 AM #1
- Join Date
- Oct 2013
- Posts
- 23
MCA Amount vs. Average Mo. CC sales
It seems that some companies are dialing back on the advance amounts being offered. What's the average percentage offered, based upon a merchant's average monthly credit card sales?
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07-14-2015, 12:09 PM #2
its not just how much they process, its how much they process as well as what the total gross sales number is. The total amount that can be collected per month, be it a MCA or ACH deal is always based on a % of the gross sales. For MCA deals if the credit cards make up a big % of the total gross sales then the amount offered based on the CC is going to be much less then on a deal where credit cards make up a small % of the total sales..
The % of gross sales that can be taken varies from bank to bank, generally you are looking at 10%-16% depending on the termJohn Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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07-14-2015, 12:29 PM #3
- Join Date
- Jun 2013
- Posts
- 293
or 16%-30% depending on how many positions.
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07-14-2015, 01:09 PM #4John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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07-14-2015, 01:31 PM #5
- Join Date
- Jun 2013
- Posts
- 293
I hear you. Hard not to mention.
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07-14-2015, 01:32 PM #6
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Advance amounts are typically 100-150% of monthly CC volume, depending on term length and total gross monthly sales.
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07-14-2015, 01:33 PM #7John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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07-14-2015, 05:02 PM #8
MCA Amount vs. Average Mo. CC sales
Last edited by CO1; 07-14-2015 at 09:49 PM.
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07-14-2015, 05:16 PM #9John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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