A merchant cash advance is a form of business funding designed to help businesses gain flexible access to the cash they require. Lenders will provide the company with a cash advance, which it will pay back through a percentage of its customer’s card payments via card terminals.
Suitable for many businesses utilising card terminals, merchant cash advances can be easier to access than other forms of business finance. They are a valuable solution for companies with little or no assets, and those who need capital for growth but have a limited credit score.
Benefits of merchant cash advances