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Merchant Cash Advance: The Complete Guide

August 11, 2022 1 Min Read
Business Finance

A Merchant Cash Advance (Business Cash Advance) is designed for businesses like retail and e-commerce that take payments via card terminals. The lender advances future card sales, and repayment is a percentage of daily terminal sales rather than a fixed monthly amount.

How it Works

Repayments mirror your revenue. If you have a slow month, you pay back less. If business is booming, you pay back faster. Lenders typically advance 100-150% of your average monthly card turnover.

Advantages

  • Transparency: Costs agreed upfront, no fixed APRs.
  • Speed: Applications often processed within 48 hours.
  • Flexibility: Repayments align with cash flow; no collateral required.
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