Merchant cash advance is an alternative to traditional loans. Businesses with low credit score and limited or no assets can raise funds through this system. If you own a business with a decent volume of card transactions, then merchant cash advance system could be the ideal funding option for you.
Merchant cash advance system has many advantages over a conventional loan. You obtain the financial aid required, without a collateral. Here the lenders offer you the required amount in exchange for a share of your future credit card sales. Remittances are drawn on a daily or weekly basis. Since the remittances fluctuate according to sales volume, the MCA system offers greater flexibility to the businesses.
Cash advances are processed much faster than a conventional loan. If you have a short-term credit requirement and do not qualify for a traditional loan, merchant cash advance is the right solution for you.