MCA is borrowed money that you repay from daily credit card sales
Instabiz Funding provides alternative financing to a traditional small-business loan. Under MCA we gives you an upfront sum of cash in exchange for a slice of your future sales. Merchant cash advances are suitable for a wide range of businesses that use a card terminal and can be easier to access than other forms of business finance.
MCA Advantages
Useful funding solution for businesses with no or very little assets
Merchant cash advances can help your business access funding very quickly; in some cases, a decision is made within just 24 hours.
The application process can be relatively pain-free too, with minimal paperwork required.
Since the process to disburse MCA amount is very quick, the loan amount is credited to the merchant’s bank account almost immediately.
The automatic repaying of the loan through card payments eliminates the chance of late loan repayment charges.
No collateral is required to avail the Merchant Cash Advance. Since the lender can easily create the charge on POS machine’s bank credits.