A merchant cash advance (MCA) gives your company an upfront sum of cash which you can use for everyday costs, expenses and growth opportunities.
You can repay using future debit and credit card sales, with lenders taking a small fee of interest on top. Or if you prefer, you can pay back in monthly installments over 3 to 12 months.
This is an alternative type of business loan, designed to give small and large companies some working capital and it is ideal for places that take regular credit card payments and need some cash flow including attorneys, dentists, doctors, gas stations, lawyers, pharmacies, restaurants, retailers and more.
The loan is unsecured, so you are not required to give up or potentially lose any type of collateral, which also makes the application process quicker and can be funded within 24 hours.