Merchant Cash Advances are a type of financing where a business receives a lump sum of cash in exchange for a percentage of future credit card sales. Unlike traditional loans, MCAs are repaid through a portion of your daily credit card transactions, offering flexibility and ease in managing repayments.
Cover immediate expenses without waiting weeks for loan approval.
Manage cash flow during peak and off-peak seasons seamlessly.
Quickly acquire new stock to meet demand without depleting your reserves.
Smooth out cash flow fluctuations due to irregular income streams.
Receive funds within days, not weeks
Use the advance for any business need, from marketing to inventory.
Approval focuses on sales, not credit score.
Streamlined and hassle-free application, making it accessible to more businesses.
MCAs offer numerous advantages over other financing options:
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An MCA is a financing option where you receive a lump sum of cash in exchange for a portion of your future sales.
Qualification is based on your sales volume and business performance, not your credit score.
Repayment is flexible and based on a percentage of your daily sales.
No, all costs are transparent and explained upfront.
Typically, you need proof of sales, bank statements, and identification.
Repayments are automatically deducted as a percentage of your daily sales.
Yes, you can use the funds for various business needs, including debt repayment.
Funds can be available within days of approval.
Costs vary but include a factor rate instead of traditional interest.
Repayments adjust with your sales, providing flexibility during slower periods.