A merchant cash advance is an unsecured lending product for businesses, using your card payment receipts as the basis of borrowing. This type of funding is popular with SMEs as its fast and flexible and allows growth without the needs for security such as a debenture or personal guarantee. Any business that receives payment via a card terminal will generally be eligible, as will some that receive online payments.
The amount that can be borrowed will be based on the level of past payment card receipts, and repayments are also based on the same.