What are the benefits of a Merchant Cash Advance?
Ryan Cabrera • Feb 24, 2021
What are the benefits of a Merchant Cash Advance?
There are several benefiting factors for choosing a Merchant Cash Advance over a traditional business loan. Before going into those benefits, it's important to clarify that a MCA is not to be confused with a loan as it's not regulated in the same way.
- The application process is quick and easy with a turn-around time of funding in two days in most cases.
- Rather than a fixed amount, the merchant cash advance is fulfilled based on a percent of future credit card sales. The amount will vary monthly, in turn benefiting the merchant to help manage their cash flow.
- Business cash flow remains stable as the percentage that's collected never changes.
- An MCA is not dependent on credit scores, thus making it easier for the merchant to be approved for an advance versus a loan.
The biggest benefit is the speed and flexibility. If you need to grab or replenish inventory before a busy season, renovate, expand, or just need funds for working capital then consider an advance on your merchant account.
At Champion Payments our Merchant Cash Advance Programs can help you by turning future credit card sales into working capital.
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