Merchant Cash Advance | Small Business Loans

A Merchant Cash Advance can be understood as a type of sales agreement that eventually involves a small percentage of the future revenue which will be in exchange for a lump sum of money. It takes as few as 24 hours and as much as 72 hours for the approval of the MCA. It’s easily accessible and the business owner gets the cash immediately. The repayment of the debt fluctuates with the incoming cash flow at the business owner’s end.

The Merchant Cash Advance is taken against the credit/debit card payments that a merchant receives on a daily basis. A small percentage – agreed by both the MCA provider and the business owner – is used as repayment. This means that the more the number of credit card/debit card transactions that the business owner gets in a day, the more amount of repayment they will be able to make. This means that if the transactions are low or less, the amount of repayment made will be less.