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How can an mca affect my business cash flow?

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Small business owners in need of a short-term business loan or quick and easy financing frequently turn to a loan vehicle called a merchant cash advance, without fully understanding how a merchant cash advance can affect their cash flow. Effect on Cash Flow Merchant cash advance payback schemes have the potential to put significant pressure on the daily cash flow of a business. The daily payback of a merchant cash advance can range from low (around 10% of business receipts) to significant (up to 50% of business receipts). When the payback requirement on daily receipts of $5,000 is at a...

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What is a merchant cash advance?

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What is a Merchant Cash Advance? Merchant cash advances are advances of money in exchange for repayment out of future sales or other receipts. The advance is usually repaid based on a pre-agreed percentage of the gross daily receipts of the business, or sometimes by fixed amounts withdrawn from the borrower's business bank account. Sometimes the business' credit card payment processor handles repayment automatically to ensure a frictionless process for the owner and to avoid missed payments, but often the merchant cash advance provider debits the daily payment amount directly from the...

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