We get it: running a business is tough
Birkin Capital's founders have been fueling various businesses' growth since 2020, when traditional forms of obtaining working capital finances and business funding options were suspended or significantly obstructed. We have helped hundreds of business owners across the nation before you found us. There is almost always a way, and we are here to help find it faster.
In it to win it: together
Our company has recently been restructured to create even more opportunities for efficiently channeling business funding options such as merchant cash advance and working capital financing into the hands of business owners—quickly, securely, and always as a Team. Your success is our humble daily routine.
Grow and repeat
Our track record speaks for itself: over 72% of businesses we fund come back for more capital, when needed. We don't bail them out - we help them grow and enable new sources of revenue through various capital influx options like merchant cash advance, unsecured working capital or pay day financing and many other business funding options.
What Clients Are Saying About Our Help With Working Capital
Fast Financing For Business Owners: Cash Advances
Business owners often need quick and accessible funding for restocking inventory, marketing campaigns, or investing in equipment. Often times a seasonal business requires payroll capital in between seasons. Traditional loans can be slow and challenging, making a merchant cash advance (MCA) a very attractive alternative for immediate capital.
What is a Merchant Cash Advance or
Business Cash Advance
A merchant cash advance provides your business a lump sum in exchange for a percentage of future sales. Unlike traditional loans, MCA payments are flexible, directly linked to daily sales, which is ideal for businesses with fluctuating revenues or longer receivables.
How It Works: 4 Simple Steps
1 - Application:
We evaluate the business's credit and debit card transaction history, as well as monthly deposit amounts to determine eligibility and funding amount. This is typically done by analyzing business's statements and financials.
2 - Funding:
Approved business receive a lump sum payment, usually within a few days, more frequently within 48 hours, enabling quick financial responses.
3 - Payment Structure:
Payments are a percentage of daily or weekly credit card sales or cash deposits, allowing for lower payments during slow days. Most instances we offer early pay discounts, where applicable.
4 - Automated Payments:
Payments are automatically deducted, continuing until the advance is fully repaid, typically within 1 to 9 months. Sometimes we can go 12 months.
Determining MCA Rates
MCA rates are based on various factors:
- Business Risk: Evaluates credit history and financial stability; riskier businesses may face higher rates.
- Sales Consistency: Steady daily sales can lead to lower rates.
- Market Competition: Rates can adjust based on competitor offerings.
- Financial Performance: Strong financials will result in better rates.
- Funding Purpose: Funds for high-return investments attract more favorable rates.
Clear Benefits of a Merchant Cash Advance
- Immediate Access to Capital: MCAs provide funds in hours or days, unlike traditional loans that take weeks and months.
- Flexible Payment Terms: Payments may adjust with daily sales, reducing financial strain during slow periods.
- No Collateral Required: MCAs are typically unsecured, making them accessible to businesses without significant assets.
- Use of Funds: Funds can be used flexibly for various business needs.
- High Approval Rates: Easier access for businesses with lower credit scores.
Comparing MCAs with Traditional Loans
- Structure: MCAs involve calculated payments based on sales, while traditional loans have fixed monthly payments.
- Approval Process: MCAs typically have quicker approvals with fewer credit requirements.
- Cost: MCAs become less expensive if repaid quickly; whereas traditional loans may have lower interest rates spread over longer terms.
- Flexibility: MCAs offer payment flexibility; traditional loans do not.
- Use of Funds: MCAs are better for immediate needs, while traditional loans suit long-term investments.
- Risk: MCAs tie risk to sales; traditional loans have a predictable risk profile.
- Collateral: MCAs are usually unsecured, while traditional loans can be secured or unsecured.
Is an MCA Right for Your Business?
When deciding between an MCA and a traditional loan, consider:
**Financial Needs:** Determine what the funds are for and how much is needed.
**Payment Ability:** Evaluate whether variable payments suit your business's revenue pattern.
Careful consideration of these factors can help you choose the right financing option for your business. At Birkin Capital, we strive to right-fit your capital needs to a term and repayment schedule that works for you.
Expansive Growth
The U.S. Merchant Cash Advance Market was valued at approximately USD 22 billion in 2023 and is expected to grow to USD 44.5 billion by 2031, reflecting a CAGR of 8.92% from 2024 to 2031.
The growth of the market is driven by rising demand for short-term financing and the quick approval and funding processes. The U.S. Merchant Cash Advance Market report provides a comprehensive overview, including an in-depth analysis of key segments, trends, drivers, and constraints, as well as a competitive landscape and other significant factors influencing the market.
Our Partners
How Much Capital Does Your Business Qualify For?
Welcome! We will be happy to help you find out. Pre-Qualification does not mean a direct approval or exact terms. No Credit Check Required.
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