A Merchant Cash Advance isn't technically a loan, but rather a cash advance based on your future earnings, and credit & debit card sales. That is paid back by withdrawing a percentage of your credit sales, typically on a daily basis. Lenders are usually concerned with how long you have been in business and stability of monthly based average sales.
No collateral is needed for a merchant cash advance as it’s an unsecured business loan type. Unlike other loans, you’re not required to set any of your assets as personal or business assets on the line to obtain funds.
You have probably come across many financing options available at your disposal. At first glance, owning a business seems like an easy game. However, when it comes to paying off those bills, finding extra money for marketing activities or buying new equipment, not every business owner can handle these costs. If you want to find a flexible borrowing solution, consider a merchant cash advance.
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