What is a merchant cash advance (MCA)?
- Is a type of loan that quickly provides cash for businesses, It's similar to a paycheck advance, except it's for businesses rather than individuals.
- Offers a cash advance against future sales. This type of financing is generally available to businesses that have a steady volume of credit card sales, including retail stores, restaurants, and medical offices.
-Businesses receive a lump-sum payment from a lender and then pay it back as they make sales to customers.
- Getting a merchant cash advance is typically a fairly quick process. If you're approved, you should receive your lump-sum payment within a few business days of applying.