What Are Merchant Cash Advances, How Do They Work?
A merchant cash advance (MCA) is a type of financing that businesses can use to access quick capital. It works by allowing businesses to receive a lump sum of cash in exchange for a percentage of their future sales. This makes it an attractive option for businesses that need capital but do not have the credit or collateral necessary to secure traditional loans. This article will explain what an MCA is, how it works, and what lenders look for when buying an MCA.
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