Merchant Cash Advance – MCA
A merchant cash advance allows a business owner who accepts credit card payments or has other payment or receivables streams to obtain an advance of the funds regularly flowing through the business’ merchant account.
A merchant cash advance (MCA) is not a loan, but rather an advance based upon the future revenues or credit card sales of a business. A small business can apply for an MCA and have an advance deposited into its account fairly quickly.
Typically, the business will need to see an average of $10,000 plus of monthly credit card deposits and have been in operation for several months in order to qualify.