A Merchant Cash Advance (MCA) is an alternative financing option for businesses that need quick access to capital. With an MCA, a lender provides a lump sum payment upfront in exchange for a percentage of future sales. This repayment structure is based on a percentage of daily credit and debit card sales until the total amount is paid back.
MCAs may be a good option for businesses that have difficulty qualifying for traditional bank loans or need to access capital quickly. MCA providers may also be more flexible with eligibility requirements, making it easier for small businesses or those with poor credit histories to obtain financing.