Let’s face it: at one point, a ton of small businesses experience financial hardships, which means they’ll need more cash at hand.
And managing cash flow for your business is indeed crucial. Sadly, even the most stable business owners often face financial hardships, forcing them to look for financial help.
The good news is that you have a variety of financing options you can choose from. These funding options can turn things around by delivering liquid capital directly into your business account to help you during your hard times.
In this post, I’m going to walk you through a merchant cash advance, what it is, how it works, and how it can directly impact your business.
Merchant Cash Advance Definition
A merchant cash advance is funding that doesn’t qualify to be called a loan, but it is a funding option that offers businesses fast cash based on your business’ credit card sales receipts.
In other words, when you go for a merchant cash advance, you are selling your business’ future revenue from credit sales for instant payment to help you run your business.
How Merchant Cash Advances Work
Now, a merchant cash advance will offer your business capital depending … Read the rest