Banana Exchange offers funding to MCA companies whether they use our own software platform other platforms through our API interface capability.
The funding is provided to MCA providers that have a portfolio of at least $1,000,000 Right to Receive (RTR).
Our simple requirements include that the MCA provider has been in business for at least 1 year and demonstrates a portfolio default ratio of less than 10%.
MCA providers often encounter limited availability to credit while striving to secure larger inventory and new clients. This creates a need for additional sources of funding, to increase working capital and enable positive growth, which is not readily available from traditional lending sources.
Banana Exchange has developed a new business model for MCA funding companies. With minimal paperwork, no personal or corporate guarantees and no financials, Banana Exchange has revolutionized providing working capital to MCA funders.
In addition, we offer fast turn-around times, with the capability to provide initial funding usually in as little as 5 business days from approval.
MCA funding companies typically face large and frequently unanswered requests to meet the capital needs of their largely overlooked sector of the business community. Unlike traditional financing, Banana Exchange provides funds regardless of the credit or balance sheet of their clients.
Banana Exchange management has over 30 years experience in specialty financing. They successfully funded in excess of several billion dollars to growing companies and assisted in their cash flow solutions.
Prerequisite for funding
Banana Exchange provides funds based only on your RTR.
We require the MCA provider be in business for at least 1 year and demonstrate a portfolio default ratio of less than 10%.
We will create a program structured just for you to achieve the highest level and most efficient way to fund your needs.