The Benefits of a Merchant Cash Advance

As the name suggests, this financing option is a type of cash advance taken against your business’s future credit card sales. This offers many advantages over traditional loans:

• Faster financing: Forget about waiting weeks for approval. MCA financing is usually ready to go in less than seven days.
• Simpler application: You don’t have to submit extensive business documents. As long as you have a merchant account with regular credit card sales, you’re practically good to go.
• Easier payback: No more fixed payments every month. With MCA financing, you have interest-based payments that are automatically calculated from your credit card sales. This is easier to manage and keeps your working capital free.
• Fewer requirements: There are no requirements for collateral or business assets, and your credit score doesn’t play a large role in approval.