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What is a Credit Card Processing Business Loan?

A credit card processing loan (also called a merchant cash advance) is the sale of a retail merchant’s credit card processing deposits or transactions in return for upfront financing. A credit card advance lender will analyze a company or merchant’s credit card processing statements, and then provide a funding amount the lender feels comfortable with. After the funds are distributed to the merchant, a percentage of each days credit card transactions are set-aside as repayment to the credit card processing funding company until they are fully-repaid.

This type of funding isn’t to be confused with an ACH loan — which is the sale of a company’s future debit card and bank deposits in return for upfront cash. With that having been said, it is not uncommon for a merchant to seek both a MCA loan (credit card processing loan) and ACH Business cash advance. In fact, there are some cash advance lenders that are willing to do split-financing — in which repayment is made each day through a combination of credit card processing remittances as well as a fixed daily payment from the company’s bank account via ACH.