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What are the different uses of merchant cash advance?

What are the different uses of merchant cash advance?

What is a Merchant Cash Advance? Merchant cash advances are not a loan, but rather a money advance based on credit card transactions. An MCA may be required by a small business to quickly get the advances paid into its accounts. Merchant cash advance lenders are able to assess creditworthiness and risks differently from banks. To determine if a company will repay the cash on time, the MCA provider reviews regular credit card transactions. A small business distributes a portion of possible credit…

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