Merchant Cash Advance
The finance layer for MCA funders. Vector reads the tape from the system you already use to fund and collect, then produces vintage curves, a borrowing-base certificate, and per-deal unit economics so credit, FP&A, and the warehouse see the same numbers.
Merchant Cash Advance (MCA)
One Tape For Credit, FP&A, And The Warehouse. Borrowing Base, Vintage Curves, Yield, Syndicator Statements, Stacking, And The Advance File.
Illustrative book: $100 million pledged, a 90% advance rate, and a 1.35 factor. Switch the scenario or the book to see eligibility, yield, and concentration move. Not a credit agreement.
Eligibility first
NSF, stacked, defaulted, held, and out-of-box advances leave the base
Contractual advance rate
A 90% rate on what remains, inside the 80–95% MCA band
Availability
Unused base, never more than unused commitment
Equity gap
The dollars the originator still has to carry
The certificate your warehouse lender signs against
Availability is the tighter of the borrowing base and the unused commitment. Ineligibles come off before the advance rate. The equity gap is the pledged RTR the facility will not fund.
One number for the draw
Credit, FP&A, and the lender read the same availability, recalculated from the tape.
Ineligibles are visible
A spike in NSF or stacking shows up as a smaller base before it becomes a margin call.
The rate is not the lever
The advance rate stays on the term sheet. Eligibility and concentration change how much it funds.
Equity is sized, not assumed
Pledged minus base is the cash the shop has to keep in the deal.
Worked example: MCA borrowing base guide
Demo Video Overview
See the platform in action — a quick walkthrough of Vector CFO
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