What is merchant cash advance?
A merchant cash advance is the purchase of a specified amount of a business's future receivables at a discount. Remittance is collected daily or weekly based on the agreed schedule or a holdback percentage of card volume.
Who is it for?
Retail, restaurant, service, and transportation businesses with strong daily volume that need capital faster than a conventional lender can deliver.
Benefits
- Approvals frequently within 24 hours
- Volume-driven underwriting rather than collateral-driven
- Renewals available as balances pay down
- Works for businesses with imperfect credit
Typical uses
- Short-term cash flow gaps
- Time-sensitive opportunities
- Supplier deposits
- Equipment repair
How BusinessFund.VIP helps
We place difficult files across the network, structure stacked or consolidated positions where appropriate, and keep the partner in the relationship at every step.
BusinessFund.VIP is not a bank. Funding may be provided directly by BusinessFund.VIP where applicable or through participating funding providers depending on the financing program, underwriting, and eligibility. Approval, rates, terms, and funding decisions are subject to underwriting and applicable program requirements.