Merchant Cash Advance is a new type of funding designed specifically for small businesses which do a lot of business through card transactions and is in need of some funds on an urgent basis. A funding culture that is widely in vogue in the US and Canada for a long time now, is now getting popular in India primarily for its simplicity and convenience in raising funds by a small business. A Merchant Cash Advance, simply put, is a Loan made to merchants by lenders against their future card payment receivables. Thus, it is either a loan against POS machine Card transaction or MCA. Click here to read more…