Merchant Cash Advance – The Latest Trend in MSME Finance!
Merchant
Cash Advance is a new type of funding designed specifically for small
businesses which do a lot of business through card transactions and is in need
of some funds on an urgent basis. A funding culture that is widely in vogue in
the US and Canada for a long time now, is now getting popular in India
primarily for its simplicity and convenience in raising
funds by a small business. A Merchant Cash Advance, simply put, is a Loan
made to merchants by lenders against their future card payment receivables.
Thus, it is either a loan against POS machine Card transaction or MCA. Click
here to read more…
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