A merchant cash advance (MCA) is a type of financing that offers small businesses a lump sum of money in exchange for a portion of future credit sales, along with a fee. MCAs are also known as merchant loans and are typically used for those businesses that need immediate capital, but have poor credit or limited cash flow.

Unlike traditional loans, MCAs are easier to qualify for and have a faster turnaround time. They don’t require businesses to have good credit or provide any collateral. However, MCAs typically are very costly, with annual percentage rates (APRs) in the triple digits.

Here are some pros and cons of MCAs:


– Quick access to funds

– Simple application process

– No collateral required

– Predictable repayment schedule

– Lower interest rates

– Bad credit history won’t be a barrier


– Higher flat fee

– Potential for cash flow disruptions

– Short repayment terms

– Daily or weekly payments

Resonate Business Services is committed to assisting small business owners in enhancing their cash flow and accomplishing their aspirations. While we are actively seeking a trustworthy Merchant Cash Advance partner that meets our high standards, we have yet to find one. We will continue our search for the right partner to provide this service. If you are currently struggling with an MCA and want to improve your cash flow and resolve your debt, please contact us to learn about our exclusive programs designed specifically for you.