What is Merchant Cash Advance (MCA)?

Unlike other forms of business finance, a merchant cash advance can get you the money you need very quickly. Through United Capital Source, this could be in as little as 24 hours.

A merchant cash advance is an option to get cash immediately for your business, in exchange for funds deducted directly from your credit/debit card payments in the future. An MCA is not as difficult to qualify for as other business loans, so business owners with little collateral, history in business, or a low credit score may benefit from this option.

The amount of funding your business qualifies for depends on the amount of credit card receivables, or the sales you make to customers who pay using a credit card. So your merchant cash advance amount depends on your day-to-day credit card sales.

Leave a Reply

Your email address will not be published. Required fields are marked *