What is a Merchant Cash Advance?

Consider this scenario: you find yourself in need of additional funds today, but unfortunately, you lack business assets that can be used as collateral for a traditional business loan. However, there is an alternative option available to you. You can request a cash advance from a lender and repay it by allocating a fixed percentage of your daily, weekly, or monthly credit card payment receipts. This repayment method offers flexibility based on your business’s performance. If your business experiences growth, you will be able to repay the advance at a faster pace. Conversely, if your business encounters a slower period, you will have more time to repay the advance. This solution proves to be both swift and adaptable, making it an ideal choice for numerous small businesses operating in sectors such as food and beverage, retail, and leisure.