What is a Merchant Cash Advance and is MCA Right for You?
Stax
MAY 2, 2024
Trust or lockbox account – The MCA lender opens a separate account for all your debit and credit card sales and takes a portion that goes toward repayment, before sending the rest to your business account. According to Fed Small Business in 2022, 40% of small businesses applied for traditional methods of financing.
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