A Merchant Cash Advance is a type of funding option for small businesses, where you receive a lump sum of money upfront in exchange for a percentage of your future credit card sales or daily bank deposits. Moreover, it’s an advance on your business’s future earnings. Unlike traditional loans, you don’t need to put up collateral, and there’s no fixed repayment schedule. Instead, repayments are tied directly to your sales volume, and they will fluctuate based on your revenue.
Merchants can use the cash for any business related expense, Inventory Purchases, Seasonal Expenses, Equipment, Marketing, Advertising, Payroll, Business Expansion, Working Capital, ETC. If you want more information be sure to contact NexLend Funding, they will be happy to provide you the correct guidance to move your business forward.
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