What is a Merchant Cash Advance and is MCA Right for You?
Stax
MAY 2, 2024
Trust or lockbox account – The MCA lender opens a separate account for all your debit and credit card sales and takes a portion that goes toward repayment, before sending the rest to your business account. The lender might deny your MCA application simply because you don’t meet the minimum number of credit card transactions.
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