Grow Your Cash Flow with a Merchant Cash Advance
What is a Merchant Cash Advance?
A merchant cash advance [MCA] is a type of small business loan and is essentially, an advancement on your future sales. A merchant cash advance is funding in the form of a lump sum that is paid back over time based on sales volume. The flexibility of MCAs make them desirable to many small business owners because your payment is in the form of a fixed percentage, rather than a fixed amount. For example, if you have a high-volume month, a larger amount may be taken out. Or, if sales are down, you won’t be required to make a payment you can’t afford. A merchant cash advance is the fastest way businesses can get the funds they need for expenses. Unlike a small business loan that can take weeks to get approval, with a merchant cash advance, business owners can receive funds in as little as 72 hours.
A merchant cash advance benefits small business owners in many ways. MCAs help businesses of all industries grow and flourish.