A merchant cash advance provider gives a business an upfront sum of cash in exchange for a slice of their future sales.Instead of making one fixed payment every month from a bank account over a set repayment period, with a merchant cash advance the business makes daily or weekly payments until the advance is paid in full.
Repayment of a cash advance is somewhat similar to that of a term loan. The business get the funds upfront, and then they make regular payments until the outstanding balance is paid off. Advances based on credit card sales are repaid by sharing their future daily revenues with the cash advance company.
Center Compensation :
5% of client’s commissionable revenue, and any *sales bonus amounts, and will be only paid from net funded proceeds by the client.