Merchant Cash Advance FAQ
How do I know if my business qualifies for a MAC merchant cash advance?
If your business has a physical location, there’s more than a year left on your lease, you’ve been in business for at least a year, and you process at least C$5,000 per month in debit/credit card sales, then you meet our basic qualifications! Find out exactly what you qualify for by filling out our online application form and a Merchant Advance Capital Relationship Manager will contact you within 24 hours.
Do I get a discount if I pay my balance early?
A merchant cash advance is not a loan; it is the purchase of a portion of your future debit/credit card sales at a discount. As a result there is no maturity date and no fixed payments, but you can pay your outstanding balance early at any time you’d like without penalty.
Does it matter who my debit/credit card processor is?
It does not matter who your current debit/credit card processor is. Our automated system has been designed to work with all major processing companies. At Merchant Advance Capital, we will never ask you to switch from your current processor – we are not in the business of payment processing, we are in the financing business!
How much does a MAC merchant cash advance cost?
Applying for a MAC merchant cash advance is absolutely free – we do not charge any fees associated with the application process. The size of the fee for your MAC merchant cash advance depends on a number of factors including the size of the advance, the size of your business, the industry you are in, the level of seasonality in your business, and the size of your average sale, among other things. Find out exactly what you qualify for by filling out our online application form and a Merchant Advance Capital Relationship Manager will contact you within 24 hours.
I am planning to buy equipment with my MAC merchant cash advance. Can we set up the transaction as a form of secured equipment financing and save on my merchant cash advance fee?
At MAC, we view each business and each situation as being unique. We maintain a flexible approach and have the resources to tailor our financing solutions for a variety of circumstances. To the extent that you are using your MAC merchant cash advance funds on new equipment, we may set up the transaction as equipment financing. If you have other collateral you are able to offer (personal property or otherwise), this may also be used to lower the cost of your advance. However, putting up collateral is completely optional. We just believe in giving you the choice so that we can offer you a better price! Please contact us to discuss the specifics of your situation.
Will bad credit affect my MAC merchant cash advance application?
Although your credit score is a factor in our decision, there are many other factors that play into our decision of whether or not to advance cash to your business. Having excellent credit is not a pre-requisite. Also, your MAC merchant cash advance will not affect your credit score. Apply now and see how much you qualify for!
How often do I have to make payments?
Our process is fully automated so you never have to worry about making a payment. We only get paid when you get paid and our automated process collects a specified percentage of your debit/credit card sales on a daily basis. This continues until your balance is settled.
I already have financing in place with a similar financing company. Can you replace my current cash advance at a lower cost or offer me more money?
Contact us to find out how much we are able to offer you – our advance fees are very competitive and our advance may be able to pay off your existing balance if it is in your best interest.
Can the daily percentage change after the account has been funded?
No – once the daily retrieval percentage (or “withholding percentage”) has been set it stays the same until your outstanding balance has been satisfied. However, at MAC, we do our best to ensure that your business will remain profitable during our program. As such, we keep the withholding percentage small and typically set it to between 2-10%.
What is the length of a typical MAC merchant cash advance program?
By analyzing your historical debit/credit card sales volumes we establish targets for the length of your MAC merchant cash advance program. A program can be designed to last anywhere from 3-10 months and the amount of cash that we can advance you depends on the length of the program. However, the length of time it actually takes for us to get paid back depends on how well your business does (we don’t get paid until you get paid!). Apply now and a Merchant Advance Capital Relationship Manager will contact you to discuss which options best suit your needs.
If I already have a business loan, does this impact my ability to get a MAC merchant cash advance?
As long as you meet our qualification requirements you may be eligible for a MAC merchant cash advance – because our product is not a loan (it is a purchase of a portion of your future debit/credit card receivables), we may be able to provide cash for your business without affecting your other obligations. Please contact us to discuss the specifics of your situation and we will determine whether you are eligible for the MAC merchant cash advance program.
What can my MAC merchant cash advance be used for?
You can use your MAC merchant cash advance for any business purpose. Examples of ways that business owners have successfully invested their MAC merchant cash advance money include:
• Advertising • Expansion • Equipment Repair • Working Capital • Inventory • Renovations • Buying Out a Partner • Debt Reduction • Tax Payments • Emergency Situations
How long will it take for me to receive my funding?
We can provide funding for your business in just 10 business days upon receiving your completed application forms and documents.
Who do I call if I have any questions?
A DLC Clearlease – Merchant Advance Capital Relationship Manager is happy to assist you:
Monday – Friday 9:00am to 5:00pm PST
Phone: 1-604-696-1221 x199
E-mail: info@clearlease.com

Merchant Cash Advance FAQ
How do I know if my business qualifies for a MAC merchant cash advance?
If your business has a physical location, there’s more than a year left on your lease, you’ve been in business for at least a year, and you process at least C$5,000 per month in debit/credit card sales, then you meet our basic qualifications! Find out exactly what you qualify for by filling out our online application form and a Merchant Advance Capital Relationship Manager will contact you within 24 hours.
Do I get a discount if I pay my balance early?
A merchant cash advance is not a loan; it is the purchase of a portion of your future debit/credit card sales at a discount. As a result there is no maturity date and no fixed payments, but you can pay your outstanding balance early at any time you’d like without penalty.
Does it matter who my debit/credit card processor is?
It does not matter who your current debit/credit card processor is. Our automated system has been designed to work with all major processing companies. At Merchant Advance Capital, we will never ask you to switch from your current processor – we are not in the business of payment processing, we are in the financing business!
How much does a MAC merchant cash advance cost?
Applying for a MAC merchant cash advance is absolutely free – we do not charge any fees associated with the application process. The size of the fee for your MAC merchant cash advance depends on a number of factors including the size of the advance, the size of your business, the industry you are in, the level of seasonality in your business, and the size of your average sale, among other things. Find out exactly what you qualify for by filling out our online application form and a Merchant Advance Capital Relationship Manager will contact you within 24 hours.
I am planning to buy equipment with my MAC merchant cash advance. Can we set up the transaction as a form of secured equipment financing and save on my merchant cash advance fee?
At MAC, we view each business and each situation as being unique. We maintain a flexible approach and have the resources to tailor our financing solutions for a variety of circumstances. To the extent that you are using your MAC merchant cash advance funds on new equipment, we may set up the transaction as equipment financing. If you have other collateral you are able to offer (personal property or otherwise), this may also be used to lower the cost of your advance. However, putting up collateral is completely optional. We just believe in giving you the choice so that we can offer you a better price! Please contact us to discuss the specifics of your situation.
Will bad credit affect my MAC merchant cash advance application?
Although your credit score is a factor in our decision, there are many other factors that play into our decision of whether or not to advance cash to your business. Having excellent credit is not a pre-requisite. Also, your MAC merchant cash advance will not affect your credit score. Apply now and see how much you qualify for!
How often do I have to make payments?
Our process is fully automated so you never have to worry about making a payment. We only get paid when you get paid and our automated process collects a specified percentage of your debit/credit card sales on a daily basis. This continues until your balance is settled.
I already have financing in place with a similar financing company. Can you replace my current cash advance at a lower cost or offer me more money?
Contact us to find out how much we are able to offer you – our advance fees are very competitive and our advance may be able to pay off your existing balance if it is in your best interest.
Can the daily percentage change after the account has been funded?
No – once the daily retrieval percentage (or “withholding percentage”) has been set it stays the same until your outstanding balance has been satisfied. However, at MAC, we do our best to ensure that your business will remain profitable during our program. As such, we keep the withholding percentage small and typically set it to between 2-10%.
What is the length of a typical MAC merchant cash advance program?
By analyzing your historical debit/credit card sales volumes we establish targets for the length of your MAC merchant cash advance program. A program can be designed to last anywhere from 3-10 months and the amount of cash that we can advance you depends on the length of the program. However, the length of time it actually takes for us to get paid back depends on how well your business does (we don’t get paid until you get paid!). Apply now and a Merchant Advance Capital Relationship Manager will contact you to discuss which options best suit your needs.
If I already have a business loan, does this impact my ability to get a MAC merchant cash advance?
As long as you meet our qualification requirements you may be eligible for a MAC merchant cash advance – because our product is not a loan (it is a purchase of a portion of your future debit/credit card receivables), we may be able to provide cash for your business without affecting your other obligations. Please contact us to discuss the specifics of your situation and we will determine whether you are eligible for the MAC merchant cash advance program.
What can my MAC merchant cash advance be used for?
You can use your MAC merchant cash advance for any business purpose. Examples of ways that business owners have successfully invested their MAC merchant cash advance money include:
• Advertising • Expansion • Equipment Repair • Working Capital • Inventory • Renovations • Buying Out a Partner • Debt Reduction • Tax Payments • Emergency Situations
How long will it take for me to receive my funding?
We can provide funding for your business in just 10 business days upon receiving your completed application forms and documents.
Who do I call if I have any questions?
A Clearlease – Merchant Advance Capital Relationship Manager is happy to assist you:
Monday – Friday 9:00am to 5:00pm PST
Phone: 1-604-277-2100
E-mail: info@clearlease.com

Merchant Cash Advance FAQ
How do I know if my business qualifies for a MAC merchant cash advance?
If your business has a physical location, there’s more than a year left on your lease, you’ve been in business for at least a year, and you process at least C$5,000 per month in debit/credit card sales, then you meet our basic qualifications! Find out exactly what you qualify for by filling out our online application form and a Merchant Advance Capital Relationship Manager will contact you within 24 hours.
Do I get a discount if I pay my balance early?
A merchant cash advance is not a loan; it is the purchase of a portion of your future debit/credit card sales at a discount. As a result there is no maturity date and no fixed payments, but you can pay your outstanding balance early at any time you’d like without penalty.
Does it matter who my debit/credit card processor is?
It does not matter who your current debit/credit card processor is. Our automated system has been designed to work with all major processing companies. At Merchant Advance Capital, we will never ask you to switch from your current processor – we are not in the business of payment processing, we are in the financing business!
How much does a MAC merchant cash advance cost?
Applying for a MAC merchant cash advance is absolutely free – we do not charge any fees associated with the application process. The size of the fee for your MAC merchant cash advance depends on a number of factors including the size of the advance, the size of your business, the industry you are in, the level of seasonality in your business, and the size of your average sale, among other things. Find out exactly what you qualify for by filling out our online application form and a Merchant Advance Capital Relationship Manager will contact you within 24 hours.
I am planning to buy equipment with my MAC merchant cash advance. Can we set up the transaction as a form of secured equipment financing and save on my merchant cash advance fee?
At MAC, we view each business and each situation as being unique. We maintain a flexible approach and have the resources to tailor our financing solutions for a variety of circumstances. To the extent that you are using your MAC merchant cash advance funds on new equipment, we may set up the transaction as equipment financing. If you have other collateral you are able to offer (personal property or otherwise), this may also be used to lower the cost of your advance. However, putting up collateral is completely optional. We just believe in giving you the choice so that we can offer you a better price! Please contact us to discuss the specifics of your situation.
Will bad credit affect my MAC merchant cash advance application?
Although your credit score is a factor in our decision, there are many other factors that play into our decision of whether or not to advance cash to your business. Having excellent credit is not a pre-requisite. Also, your MAC merchant cash advance will not affect your credit score. Apply now and see how much you qualify for!
How often do I have to make payments?
Our process is fully automated so you never have to worry about making a payment. We only get paid when you get paid and our automated process collects a specified percentage of your debit/credit card sales on a daily basis. This continues until your balance is settled.
I already have financing in place with a similar financing company. Can you replace my current cash advance at a lower cost or offer me more money?
Contact us to find out how much we are able to offer you – our advance fees are very competitive and our advance may be able to pay off your existing balance if it is in your best interest.
Can the daily percentage change after the account has been funded?
No – once the daily retrieval percentage (or “withholding percentage”) has been set it stays the same until your outstanding balance has been satisfied. However, at MAC, we do our best to ensure that your business will remain profitable during our program. As such, we keep the withholding percentage small and typically set it to between 2-10%.
What is the length of a typical MAC merchant cash advance program?
By analyzing your historical debit/credit card sales volumes we establish targets for the length of your MAC merchant cash advance program. A program can be designed to last anywhere from 3-10 months and the amount of cash that we can advance you depends on the length of the program. However, the length of time it actually takes for us to get paid back depends on how well your business does (we don’t get paid until you get paid!). Apply now and a Merchant Advance Capital Relationship Manager will contact you to discuss which options best suit your needs.
If I already have a business loan, does this impact my ability to get a MAC merchant cash advance?
As long as you meet our qualification requirements you may be eligible for a MAC merchant cash advance – because our product is not a loan (it is a purchase of a portion of your future debit/credit card receivables), we may be able to provide cash for your business without affecting your other obligations. Please contact us to discuss the specifics of your situation and we will determine whether you are eligible for the MAC merchant cash advance program.
What can my MAC merchant cash advance be used for?
You can use your MAC merchant cash advance for any business purpose. Examples of ways that business owners have successfully invested their MAC merchant cash advance money include:
• Advertising • Expansion • Equipment Repair • Working Capital • Inventory • Renovations • Buying Out a Partner • Debt Reduction • Tax Payments • Emergency Situations
How long will it take for me to receive my funding?
We can provide funding for your business in just 10 business days upon receiving your completed application forms and documents.
Who do I call if I have any questions?
A DLC Clearlease – Merchant Advance Capital Relationship Manager is happy to assist you:
Monday – Friday 9:00am to 5:00pm PST
Phone: 1-604-696-1221 x199
E-mail: info@clearlease.com