How is a cash advance different from a business loan?

A cash advance is repaid as a percentage of your daily sales, not a fixed monthly payment. This means during slow periods you pay less. There's no set payment schedule — it adjusts to your revenue automatically.

Will applying hurt my credit score?

No. Luma uses a soft credit inquiry during the review process. Your score is not affected when you apply.

How much can I qualify for?

Most businesses qualify for 1–1.5x their average monthly revenue. If you bring in $30K/month, you're typically looking at $30K–$45K in advance capacity.

Once your file is approved, funds are typically wired within 4–8 business hours. Most customers receive money the same business day they submit documents.

What documents do I need?

For a cash advance, we typically need 3 months of business bank statements and a voided business check. No tax returns, no lengthy financial statements.

Cash Advance

Fast capital based on your future revenue.

Funding Range$5K–$500K

Term3–18 months

Min FICO550+

RepaymentDaily / Weekly

What is Cash Advance?

A business cash advance (also called a merchant cash advance) gives you a lump sum of capital in exchange for a portion of your future daily revenue. Instead of fixed monthly payments, you repay a percentage of your daily sales — so when business slows, payments slow with it. It's designed for business owners who need capital fast and want repayment that matches their cash flow.

Key benefits

No fixed monthly payment — repay as a percentage of daily revenue
No collateral or hard assets required
Approval based on revenue, not just credit score
Funding as fast as the same business day
Soft credit pull only — no impact to your score during review

Requirements

Min FICO Score

550+

Monthly Revenue

$10K+

Time in Business

6 months+

Collateral

None required

How it works

Apply in 60 seconds

Tell us your business name, monthly revenue, and how much you need. No paperwork, no hard pull.

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We review your file

Our team analyzes your last 3 months of bank statements and makes a decision within hours — often same day.

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Funds in your account

Once approved, funds are wired directly to your business checking account. Most customers receive money the same day.

When to use Cash Advance

The right fit for your situation

Seasonal inventory

Stock up before your peak season without draining reserves. Repay automatically as sales come in.

Emergency equipment repair

When critical equipment breaks, a cash advance bridges the gap before insurance or vendor credits kick in.

New location deposit

Secure a lease on a new location before you have full working capital. Move fast on opportunities.

Payroll gap coverage

When invoice payments run late or a slow week hits, keep your team paid on time.

FAQ

Common questions about Cash Advance

Ready to get Cash Advance?

Apply in 60 seconds. No hard credit pull.

Check My Eligibility →