Merchant Cash Advance
An alternative based on how well your business is performing.
A Merchant Cash Advance, or MCA, provides you alternative financing to a traditional small business loan. With an MCA, you receive an advance from a lender that you repay with a percentage of your debit and credit card sales plus a fee.
It's important to clarify that it's not technically a loan. Instead, an MCA provider buys your future sales at a discount. Typically, the MCA is repaid daily or weekly, and the financing company automatically collects the payment from your payment processor. This way, repayments are based on your sales - if you experience a drop in sales, your payments will also be lower, but it will take longer to repay the advance.