Merchant Cash Advance
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Merchant cash advances are an alternative to traditional bank loans used by many small businesses. Under this arrangement funders provide the business owners a lump sum in exchange for a percent of the companies future credit and debit card sales. Although merchant cash advances are more expensive then bank loans, they are often used by retail businesses that can not meet the exceedingly strict requirements of regular lenders. | Merchant cash advances are an alternative to traditional bank loans used by many small businesses. Under this arrangement funders provide the business owners a lump sum in exchange for a percent of the companies future credit and debit card sales. Although merchant cash advances are more expensive then bank loans, they are often used by retail businesses that can not meet the exceedingly strict requirements of regular lenders. | ||