If you are unfamiliar with merchant cash advances or small business ACH loans, they are a short-term advance of funds against a business’ future receivables or future credit card sales.
To pay it back, a fixed dollar amount or percentage, is taken via ACH from the company’s checking account every day or directly from their credit card sales. Since the Great Recession, businesses are desperate for an alternative form of funding with banks severely limiting small business loans. The merchant cash advance and ACH loan business is a booming and relatively young industry.
Leland Capital has a unique Cash Flow Lending Product to reduce your cost of funds by 25-75%!