Article summary
Not sure how much is left on your merchant cash advance? Here's the simple math to estimate it in 5 minutes, why your number may not match the funder's, and how to get an official payoff letter.
Article content
You took a merchant cash advance (MCA).
Money comes out of your account every day or every week.
And now you're asking the big question: How much do I still owe? Good news: you can get a solid estimate in about five minutes.
This guide shows you the math, what can make it wrong, and how to get the real number from your funder.
--- The short answer What you still owe ≈ total payback − what you've paid so far That's it.
The hard part is getting the two numbers right.
--- Step 1: Find your total payback amount Your MCA contract says how much you agreed to pay back.
It's usually called the purchased amount, payback amount, or total receivables sold.