A merchant cash advance is not a loan but rather a purchase and sale of future payment card receivables. It’s a great funding option for businesses that have significant credit card sales and comfortable having the amount they remit fluctuate with daily payment card sales. Instead of adhering to a fixed term, a flat percentage of your credit and debit card sales are automatically remitted daily, except for weekends and holidays. The process stops automatically when your business delivers the total amount of future credit card receipts that it has sold. A stellar credit history is not required to qualify, there are no checks to write, and no personal collateral is needed!