What Is an MCA Lender Buying?
In basic terms, the MCA lender is buying your future sales transactions. You have a contract with them, and MCA lenders will assess your sales to see if you’re eligible for them to lend you the money, but the importance of an MCA is that it gives you an infusion of cash quickly.

If you have some water damage that you want to fix in your coffee shop, but don’t have the funds to divert to the repair, an MCA could be an effective way to quickly raise funding for those unexpected repairs.

How Does an MCA Work?
While getting an MCA is not as rigorous as a loan approval process, an MCA is not just a bag of money with no strings attached. There is a contract with stipulations that you have to be aware of when you’re looking to get a merchant cash advance to aid your business.

Advance Amount
In the MCA contract, this is the agreed-upon amount that the lender will give you as a merchant cash advance. It’s important to assess and ask for exactly what you need, or else you’ll have more to pay back. The advance can be less than, equal to or much greater than your monthly sales. It really depends on how much you need and how long you’re comfortable being on the hook for paying your daily sales back to your lender..

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