Poet street capital

Poet street capitalPoet street capitalPoet street capital

Poet street capital

Poet street capitalPoet street capitalPoet street capital

Frequently Asked Questions

Q: What’s the difference between an MCA and a traditional loan?

 A: A traditional loan usually involves fixed monthly payments and a set term. A Merchant Cash Advance is an advance on your future sales, with repayment typically structured as a small percentage of your daily or weekly deposits. It’s designed to move faster and be more flexible with cash flow than a traditional bank loan. 

Q: How quickly can I get funded?

 A: Once we have your completed application and supporting documents, approvals often come the same day. After you accept your offer and finalize closing documents, funds can typically be deposited in 24–48 business hours. 

Q: Do I need perfect credit to qualify?

 A: No. Credit is one factor, but our focus is primarily on your business revenue, bank statements, and overall cash flow. Many clients with challenged credit scores are still able to qualify. 

Q: What can I use the funds for?

  

A: Funds can generally be used for most legitimate business purposes, including payroll, inventory, marketing, equipment, renovations, or paying down short-term obligations. If you have a specific use in mind, we can discuss that during your initial conversation.

Q: How is repayment calculated?

 A: Repayment is usually based on an agreed-upon percentage of your future sales or deposits. Instead of a fixed payment, a small portion of daily or weekly revenue is used to pay down the advance, helping align payments with your cash flow. 

Q: Will this appear on my personal credit report?

 A: Details vary by program, but most MCAs are business-focused funding products. We’ll walk you through how your specific offer is structured and what to expect. 

Q: Can I pay off my advance early?

 A: Many programs allow early payoff options. If early payoff is important to you, let us know upfront so we can explore options that best fit that preference. 

Q: How do I get started?

 A: It starts with a short phone call and a quick review of your business.  

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