Merchant Cash Advances provide small businesses with an alternative to other financing, like traditional bank loans. Your business can receive an upfront lumpsum from a merchant cash advance provider and repay the advance with a percentage of the business’s sales. It is an option for businesses that have high credit card sales volume, need funding quickly, or may not qualify for a traditional loan.
Benefits of an MCA loan:
- Fast access to cash
- Flexible repayment terms
- Strong credit not required
- You choose how to use
- No collateral required