MERCHANT CASH ADVANCES
A Merchant Cash Advance (MCA) isn’t a loan, but rather an advance on a small business’ future credit card receipts. Let’s learn about how an MCA works, typical repayment, costs, pro’s and con’s, etc.
A merchant cash advance allows a business owner who accepts credit card payments or has other payment or receivables streams to obtain an advance of the funds regularly flowing through the business’ merchant account. A merchant cash advance (MCA) is not a loan, but rather an advance based upon the future revenues or credit card sales of a business. A small business can apply for an MCA and have an advance deposited into its account fairly quickly. Usually this can occur as quickly as within 1 business day if all documentation is provided quickly and accurately by the business owner.