First Data is proud to partner with Evolocity Financial Group to offer you simple financial solutions tailored to help your business grow.

The First Data Merchant Cash Advance program helps you by turning your future credit card sales into working capital. Imagine what that could mean for your business. You can upgrade or purchase new equipment, renovate, expand your business, bring on new employees, purchase inventory and much more.

Program FAQs
  • Simply sign First Data-Evolocity's Merchant Cash Advance contract which states that you agree to have a small, agreed upon percentage of your daily credit and debit card sales retained to pay back your advance.
  • A small, fixed percentage of your daily debit and credit card sales are withheld during your standard settlement process with First Data each day.
  • For example, if you agree to pay back 10% of the advance daily, each day First Data will retain 10% of your sales. Therefore, if you made $1,000 in credit and debit card sales on Monday, that evening, when you settle, First Data will retain $10 and $900 will be deposited into your account, paying back the advance 10% at a time.

Once all documentation is received, clients can be approved in as little as 3-5 business days and receive funds within 2 days of approval.

  • Signed application
  • Six most recent merchant processing statements
  • Two most recent bank statements.   All pages are required.
  • Copy of province issued driver’s license or valid Canadian passport

Once all documentation is received, clients can be approved in as little as 3-5 business days and receive funds within 2 days of approval.

The advance can be used for any legitimate expense to help grow your business such as upgrading or purchasing new equipment, renovating, opening a new location, hiring new employees, purchasing inventory and much more.

Payments are taken directly and daily from your daily MasterCard®, and Visa® credit card or Interac® debit card deposits. The daily withhold percentage is based on your credit card volume. (typically ranging between 10% to 20%).

Yes, credit card processing must go through an approved First Data partner.

Call the First Data MCA customer service team at 1-800-352-3431​ or email using the form on this page.