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A Merchant Cash Advance (MCA) is a type of financing that provides businesses with a lump sum of capital in exchange for a percentage of their future credit card sales or daily revenue. Unlike traditional loans, MCA repayments are based on the business’s daily sales, making it a flexible funding option.
Most businesses with consistent credit card or daily sales are eligible for an MCA. MCA providers typically focus on your sales history, not your credit score. This makes it easier for businesses with less-than-perfect credit or those without significant collateral to qualify.
MCA applications are typically processed quickly, and funds can be available in as little as 24-48 hours, depending on the MCA provider and your business’s sales history.
The basic requirements for an MCA include: