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Review:

Merchant Cash Advances

overall review score: 3.5
score is between 0 and 5
Merchant cash advances are a form of financing where a business receives a lump sum of capital in exchange for a percentage of their daily credit card sales plus a fee.

Key Features

  • Quick approval process
  • Flexible repayment based on daily sales
  • No fixed monthly payments

Pros

  • Fast access to capital
  • No collateral required
  • Ideal for businesses with fluctuating income

Cons

  • Higher fees compared to traditional loans
  • Repayment can be burdensome during slow sales periods
  • May not be suitable for all businesses

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Last updated: Sat, Feb 1, 2025, 10:40:27 AM UTC