What is it?

How it works

A merchant cash advance is structured so that you fulfill your business advance by agreeing to remit a fixed percentage of your daily sales until the advance is remitted in full. Essentially, we’re buying a fixed percentage of your future credit card receivables from you and just giving you the money (minus rates) ahead of time. MCAs might be a better fit if your sales tend to fluctuate or your business is seasonal since it ebbs and flows with your cash flow. It can be pretty convenient – can you imagine if your landlord lowered your rent when you were having a slow month? A lot of other lenders might not just give you the information you need to know about the process. That’s not us. Below you can find what you need to qualify (and what you can do if you don’t qualify) as well as ways to get started online for a business cash advance. The more you know, the smarter you can borrow.

Simple solutions. Big Results.
There are plenty of lending options out there, but that doesn’t mean they’re all good for your business. At Envoy, we combine time-saving tools and a personal approach to customize an affordable loan you will feel 100% comfortable with. When you partner with us, our Customer Success team will be with you every step- from the time you submit your first small business loan or capital form to the time you open a new location.

Trustworthy and Transparent.
We provide access to business loans from $5,000 to $250,000. Based on your loan term and fixed rate, we’ll provide you with a manageable daily payment amount with no hidden fees – so you’ll always know how much is due and for how long.

Time-Saving
We know you have more important things to worry about than where your capital is coming from. With Envoy, you can pre-qualify for a loan faster than you can make a cup of coffee.

Right Sized Capital
Our affordable and flexible small business loans and capital are catered to you and your business’s specific needs so you get capital that’s just the right size. It’s the glass slipper of funding options.

Grow, Don’t Just Owe
If you could boil us down to one “big idea,” it’s that we want to help small businesses grow by giving them access to working capital. To us, it’s not just a simple transaction – it’s a partnership.

Unlimited possibilities
Merchant loans can be used for any business related expenses, including but not limited to:

• Regular and/or On-Going Operations: paying employees, travel, training, and R&D.
• Business Assets: equipment, inventory, paying vendors, vehicles and technology
• Cost Management: seasonal downturns, renovations, business improvements, mergers, acquisitions and business opportunities for expansion or growth

Pricing on small business loans through Envoy is both minimal and affordable:

Fees: Our standard MCA fees include a Filing Fee, Underwriting Fee and an Administrative Fee. We also charge a NSF fee, a bank account transfer fee, and a collateral/site visit fee if those situations should arise (and they don’t come up for everyone).

Rates: We’ll tell you everything about our rates. Once we figure out what funding is best for you, we’ll let you know what the difference rates are for each option. And don’t worry, they’re included in your daily payback quote so you don’t have to keep track of all these different numbers.

No hidden fees and no surprises.

All cash advances obtained through Envoy are made by WebBank, a Utah-chartered industrial bank, member FDIC.

All loans obtained through Envoy are made by WebBank, a Utah-chartered industrial bank, member FDIC.