Why Merchant Cash Advance Funders need MCA Suite!

MCA Suite was originally designed for companies that fund merchant cash advance deals. Our very first mission with MCA Suite was to help funding companies closely follow their money by tracking collections or daily remittance from the merchants. MCA Suite’s deal-tracking capabilities have evolved to allow funding companies the ability to generate key metrics and reports important to the funding company, its investors and stakeholders.

To help funders follow the money, MCA Suite takes a three-step approach to merchant cash advance deal tracking. Every cash advance deal has the following stages:  an offer, actual funding and post funding.

During the offer stage, the funding company can make multiple offers and modify existing offers to merchants based on the merchant’s credit worthiness. MCA Suite helps funding companies track each offer’s status, and allows notes and files to be appended to each deal. Using the “Documents” tab for each deal, MCA funding companies can collect and store all the relevant underwriting information in one easy-access, central repository.

When a deal is funded, MCA Suite allows funding companies to apply fees and charges to either discount the cash advance amount or modify the expected payback amount. The difference between the original offer and what the funding company actually funds the merchant may vary in factor. During the actual-funding stage, MCA Suite is tracking the exact amount of capital disbursed to the merchant. This is valuable information when a deal defaults or is refinanced.

Once the funding company has funded the merchant, the MCA deal has entered the post-funding stage where the actual expected payback amount (some funding companies call this the “purchased amount”) may fluctuate based on the merchant’s business. The post-funding stage needs to be treated as an open “receivable” where funding companies can add fees to the deal or apply discounts based on repayment rate and other elements related to the merchant’s ability to repay on time.

Unlike other merchant cash advance solutions available in the market today, MCA Suite is the only platform that can help funders track and compare the three stages of cash advance deals. Contact us via email (info@mcasuite.com) or twitter.com/mcasuite to schedule a product demonstration.