Frequently Ask Questions (FAQ)
A Merchant Cash Advance, or MCA, is a financial product where a business receives a lump sum of cash upfront in exchange for a percentage of its daily credit card sales, plus a fee. It's a way for businesses to access quick funding based on their future credit card sales.
When a business owner applies for an MCA, the MCA provider evaluates their daily credit card sales history. Based on that, they offer an upfront cash amount and outline a repayment structure. The business repays the advance by giving the MCA provider a percentage of its daily credit card sales until the advance is paid off.