Merchant Cash Advance
An upfront cash advance repaid through a portion of your daily credit and debit card sales, offering fast access to funds based on your sales volume.
What is a Merchant Cash Advance?
A merchant cash advance (MCA) is a financing option where you receive a lump sum of cash upfront in exchange for a percentage of your future credit and debit card sales. Repayment is automatic and tied directly to your daily sales volume, making it ideal for businesses with consistent card transactions.
Sales-Based Repayment
Repayment tied to daily card sales
Automatic Deductions
No manual payments required
Who Qualifies for Merchant Cash Advances?
Qualification Requirements
- Business operating for at least 4 months
- Monthly card sales of $5,000+
- Credit card processing in place
- Canadian business with valid business number
Ideal For
- Retail stores and restaurants
- Service businesses with card payments
- Businesses needing quick cash
- Companies with seasonal sales
How Merchant Cash Advances Work
1. Apply & Approve
Quick application based on card sales history
2. Receive Funds
Get cash advance in 24-48 hours
3. Automatic Repayment
Percentage of daily sales goes to repayment
Common Uses for Merchant Cash Advances
Inventory Purchases
Stock up on popular items, seasonal inventory
Marketing Campaigns
Advertising, promotions, social media campaigns
Equipment Repairs
Fix broken equipment, maintain operations
Emergency Expenses
Unexpected costs, urgent business needs
Benefits of Merchant Cash Advances
Fast Funding
Get funds in 24-48 hours
No Fixed Payments
Repayment adjusts with sales volume
Easy Qualification
Based on sales, not credit score