Merchant Advance Loan (MCA). Borrow funds against future bank card product sales

Merchant Advance Loan (MCA). Borrow funds against future bank card product sales

What exactly is a Merchant cash loan or MCA?

A merchant Cash Advance (MCA) payday loan places in Lansing could be the perfect solution if you’ve got exciting plans to grow your business.

a merchant cash loan (MCA) is a lump amount payment to an experienced business that is small trade for a portion of future charge card and/or debit card product sales.

The MCA is designed to match the cash flow of your business, so rather than being a fixed sum each month or fixed daily repayments being taken directly from your bank account, a small percentage of the businesses credit card and EFTPOS terminal sales are repaid daily for the term of the cash advance as an alternative to traditional business finance. Continue reading »