Cards Access’ Solutions has generated thousands of dollars in assistance to all sized businesses. Our comprehensive programs have helped business from cost savings to working capital. Imagine what you could do with all that money added to your bottom line…
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.