What is a Merchant Cash Advance?
A merchant cash advance (MCA) is a type of finance for businesses that accept card payments. A lender provides a cash advance as a lump sum, which is paid back through card sales.
Why Choose a Merchant Cash Advance?
There are no fixed monthly repayments, instead you pay back a % of your card sales. An MCA is therefore ideal for seasonal businesses or businesses whose turnover fluctuates.
How it works:
In an MCA the lender purchases the future card sales of your business and advances you the finance you require based on your current average monthly takings.