Contact Us

You can contact MCA Sheriff or one of his deputies by filling out the form on this page and as stated elsewhere on this site, we are not a loan agency.  Once you fill out the form, one of our representatives will contact you, as long as you wish to be contacted.  Otherwise, you can fill out the application and start the process online.

When you fill out the form, you are applying for financing through MCA Sheriff’s online filing system.  All applications for MCA financing shall be processed in the order that they are received. If you are applying with another owner, make sure that other owner is available to provide their information as well, and to experience the application process.

Once the application is complete, and all requested bank statements have been provided, your application will proceed to underwriting.  Once the application is reviewed, it is either approved or denied.  If it is denied, you will receive a notification and the reason why.  If you are approved, the next step of the process is to finalize the terms of your financing (as opposed to a loan agency), and then go to funding.  This is a very exciting part of the process because then you will be set to receive your funds.  Another very important part about the process is your financial education, which is designed to keep you flush with cash, and learn and understand how to repay the funding per the terms of the agreement that you ultimately execute.

In addition to the general funding, and performance of your funding, there is sometimes a need for businesses to have additional funding.  We do not advocate MCA stacking, nor should you, and it makes sense that a loan agency does not recommend this either.  It is generally prohibited, and it happens when business owners get more than one MCA after another, usually with different companies.  This was so egregious that in one instance there were some 19 MCA for one business, and the debits were $90,000 per day.  That business went into financial turmoil and it is unclear what happened with the company and its ownership then.

There are lots of uses for MCAs and merchant cash advances, and they are primarily used for operating expenses.  In addition to those expenses that are discussed elsewhere on this website, professional fees are generally also included in operating expenses.  These fees are primarily fees for your attorney, your accountant, and if different than your accountant, your bookkeeper.  It’s important to find a competent professional or professionals in all three of these areas.  If you can, see if you can hire an accountant that has bookkeeping services in-house, or a go-to person that can interact directly with your accountant.  This saves you time so that you can focus on growing your business, rather than being an intermediary between your accountant and your bookkeeper, and also so you can focus on your MCA funding or a loan agency funding.

If you get a lackluster or second-rate attorney, accountant, or bookkeeper (and they do exist), and most do this to save in the short term, in the long term, this could cause significant damages to your business.  For instance, if you miss an eligible deduction you may inadvertently pay tax on the revenue when you do not need to do that.  The most dangerous thing when business owners work with professionals and go on the cheap and do not work with a seasoned professional, is that those decisions could cost multiples of the fees in the long run.  And because of the time value of money, these small mistakes along the way can manifest into avoidable financial consequences.

With the professional fees being part of operating expenses, many business pay them out of MCA financing proceeds.  But not every business has a substantial or even remote need for an attorney.  Nevertheless, it’s best for a business owner to at least have some level of familiarity with the legal process, and have an attorney on speed dial, or at least in their rolodex, to cover or address any issues.  Preferably, this is or should be completed before the issue happens, that way, business owners can and will be prepared for it.  This rarely happens, however, and the more likely scenario is that a business owner connects with an attorney on an as-needed basis once there is an issue that is ripe and requires the attorney’s attention – almost immediate attention.  There are two issues with this.  First, it was probably avoidable, or a least predictable,  And second, calling the attorney or other professional last minute could have you scrambling to find the right professional, and could drive up costs.  This increased cost can be why some business owners chose to fund with MCA financing or a loan agency.

Accountants are equally if not more important than attorneys.  Some business owners in fact have little to no use for, and rarely speak with, an attorney.  The role of the accountant is super beneficial because he or she, ideally anyway, should explain where the incentives are so that the business owner knows where to direct funds for the highest impact, and the lowest tax implication.  This, of course, presupposes that the business owner would prefer to pay others, or himself or herself, rather than the government.  Some business owners do not realize this, appreciate it, or understand it, and they wind up procuring MCA financing or a loan agency financing to cover tax liabilities that might have been minimized or eliminated with the proper tax advice.

Bookkeeping and accounting go hand in hand, although bookkeeping gives you a general picture of where your finances are at any given time, assuming the numbers are up to date as of the day you review them.  Bookkeepers are important in this context because they, if they know what they are doing, are or should be able to forecast cash.  This is super important because before taking or accepting any MCA financing offer, you should have a sound path and plan for repaying it.  That is what would make this a successful transaction and as a result, a successful business, provided all other aspects of the business are functioning properly.  That is to say, the business needs to be generating revenue to be sustainable, and revenue needs to exceed expenses; otherwise, the business goes bust, as it cannot rely on third party financing, particularly MCA financing, forever.