Erik Biggart - Credit Card Processing For Medical Practices

Cash advance for merchants: A cash advance for merchants is a financial solution designed to provide quick access to working capital for businesses. This type of funding allows merchants to receive a lump sum upfront, which is then repaid through a percentage of future credit card sales. The advantage of this approach is that it offers flexibility in repayment, as payments fluctuate with sales volume. Cash advances are especially popular among businesses that experience seasonal fluctuations or need immediate funds to seize growth opportunities. While it may be a viable option for some, merchants should carefully consider the terms and fees associated with the cash advance before proceeding.