ALLOWS MERCHANTS TO SELL SECURELY FROM THEIR WEB SITES, ENABLING CUSTOMERS TO PURCHASE PRODUCTS AND SERVICES
ONLINE WITH THEIR CHOICE OF CREDIT CARD OR ELECTRONIC CHECK...
Merchant Cash Advances are Increasingly Popular Among Business Owners
Saturday, March 15, 2008
As small business owners scramble to secure the working capital they need to maintain smooth business operations and banks continue to reject more lending applications than ever; business owners are choosing smart alternative financing options. Among the most popular of these options are merchant cash advances, also known as MCAs.
A simple concept, merchant cash advances are cash advances based on a percentage of future credit card receivables which provide immediate working cash for businesses. Upon approval, the merchant cash advance is electronically wired to the recipient’s bank account. Repayment terms vary, but are usually more flexible than small business loans with payments debited directly from sales received through credit card processing.
Cardservice International is a registered service provider for the following FDIC-insured banks:
First Financial Bank, Denver, CO; Wells Fargo Bank, N.A.
*American Express and Discover require separate approval.
