Merchant cash advance
Covers how merchant cash advances work, costs, and repayment.
What is a merchant cash advance?
A merchant cash advance (MCA) provides a lump sum payment to your business in exchange for a percentage of future sales. Repayments are usually made automatically through your daily EFTPOS or credit card transactions.
How quickly can I access MCA funds?
Once approved, funds are typically disbursed within 24 hours.
How are MCA repayments calculated?
MCA repayments are a fixed percentage of your daily card sales, ensuring they align with your business's revenue.
How do repayments work if my sales go up and down with an MCA?
Since repayments are based on a percentage of sales, you'll pay more when sales are high and less during slower periods, providing cash flow flexibility.