Merchant Cash Advances (MCA) are a smart way to get working capital for many small and medium-sized businesses. Thousands of small businesses have used MCAs to obtain the working capital needed to stabilize, grow, and take advantage of opportunities.
A Merchant Cash Advance is the purchase of future credit card receivables; it is not a loan. Sometimes called "credit card receivable funding" or "credit card factoring," eligibility for a Merchant Cash Advance is primarily based on the strength and consistency of your business' credit card sales.
For many business owners, an MCA offers benefits that are not available from lenders and other financing sources. For example, while a business owner's personal credit history may be reviewed for an MCA application, a poor or damaged credit history is not an automatic disqualifier for a business. While many working capital options might take weeks or longer to secure, a Merchant Cash Advance puts money in-hand in as few as 3 business days, and this money can be used for any business purpose.
Perhaps best of all, an MCA is very "cash flow friendly" to the business. There are no late fees.