
Every business could use some extra capital.
But applying for loans takes time and energy that you might not have.
How Does a Merchant Cash Advance Work?
At Bankers Capital Funding, we pride ourselves on having a marketplace that can help out all different sorts of business owners.
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With most types of MCAs, a provider will offer you a lump sum of cash in exchange for a slice of your daily credit card and debit card sales.
Typically the MCA is paid back by remitting that percentage of your sales from your bank account—through ACH
(Automated Clearing House) withdrawals. As merchant cash advance providers can just plug into your bank account or credit
card processor, they can be easy-to-access, quick products.
The average repayment time frame for a merchant cash advance is 8 or 9 months.
But the term can be as short as 4 months and as long as 18, depending on your business.
And the higher the fixed percentage of your credit card sales you’re paying the lender with,
the shorter your repayment time—and the tighter your cash flow.
At Bankers Capital Funding,
we pride ourselves on having a
marketplace that can help out.
With most types of MCAs, a provider will offer you a lump sum of cash in exchange for a slice
of your daily credit card and debit card sales. Typically the MCA is paid back by remitting
that percentage of your sales from your bank account—through ACH
(Automated Clearing House) withdrawals.
As merchant cash advance providers can just plug into your bank account or credit
card processor, they can be easy-to-access, quick products.
How Does a Merchant
Cash Advance Work?
With most types of MCAs, a provider will offer you a lump
sum of cash in exchange for a slice
of your daily credit card and debit card sales. Typically the MCA is
paid back by remitting that percentage of your sales from your bank
account—through ACH (Automated Clearing House) withdrawals.
As merchant cash advance providers can just plug into your bank
account or credit
card processor, they can be easy-to-access, quick products.