Merchant Cash Advance (MCA)
MCA is a simple and flexible way to raise funds for your small business. This type of alternative financing to a traditional small-business loan gives you an upfront sum in exchange for a portion of your future sales. Funds may be used for anything from additional stock to fixing a broken appliance or hiring new employees during busy periods.
MCA holds some advantages for small businesses:
If you’re planning to expand your business but are not ready or able to accommodate other types of loans, a merchant cash advance can help accelerate your growth. You may be eligible for a merchant cash advance if you own a USA-based small business as a sole prop, LLC, Corp or Partnership.
This type of funding is best for small businesses that need fast funding on a flexible basis. You’ll gain quick access to cash when you can’t afford to wait weeks for a lender to come to a decision.