A Business Cash Advance is a form of funding that offers businesses fast access to capital by advancing money today against the money they will make in the future. BCA’s are also known as receivables contracts. That borrowed money is then repaid through a fixed daily percentage of credit card sales (variable payments) or it can be structured as a fixed payment that does not vary. This type of funding may also be easier for most businesses (including new businesses) to obtain than traditional business funding products.
Business cash advances may be referred to differently, depending on the website, bank, broker or lenders you are speaking with.
Below are a list of terms that you might come across that all refer to business cash advance:
