Merchant Cash Advance loans
A merchant cash advance, or MCA, is financing given to small business owners and their companies to cover financial and business needs. Merchant cash advances offer small business owners a quick and easy method to get funding immediately. Unlike many traditional business loans, merchant cash advances give business owners an easy and quick access to money when they need it the most.
The proceeds of an MCA and repayment of the cash advance are generally based on historical credit card or debit card sales and future credit card or debit card receivables. Put simply, a business owner receives a lump sum amount of cash based on the anticipated amount of credit card or debit card sales from the business operations. The business owner agrees to pay back the advanced amount plus a fee from a portion of future credit card transactions over a specified period of time.