Merchant Cash AdvanceWhat is a Merchant Cash Advance?

 

A merchant cash advance (sometimes known as a business cash advance) is a type of funding where a business owner gets an advance on their future credit card sales. At the end of every business day, a small fixed percentage of the merchant’s daily transactions is automatically withdrawn until the cash advance is paid off.

Merchant cash advances are most often used by small businesses, such as retail stores, that do not qualify for regular bank loans. Additionally, merchant cash advances are much faster and easier than obtaining a traditional business loan, making needed capital more accessible to business owners looking for additional cash flow.

Merchant cash advances usually have no restrictions on how you can use the cash. Whether it’s to pay for inventory, hire more workers or purchase new equipment, you can use it for whatever you’d like.

Small business owners have many funding options for their business, and a merchant cash advance might be the right choice, especially if they need quick access to capital and are looking for unsecured business financing.

Find out how Bizfi’s online loan marketplace can help find your business the right financing option: Get Started Today

 

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