What is MAC’s Merchant Advance Program?
The merchant advance program converts future cash flow into immediate cash. The balance (the amount that a merchant has been funded) is paid off automatically through a portion of future debit/credit card sales daily. Your payments are based on a small fixed percentage (what we call a “withholding percentage”) of your future debit/credit card sales. The best part is that it’s instant and automatic, so there’s no need to write cheques! Find out more after the jump.
We profit when you profit! This is a win-win situation. The system collects a percentage of your debit/credit card sales each day. It is fully automated, so you never have to worry about making a payment; your balance is paid down a little bit each day until the repayment amount is $0.00.
When you are fully paid off, you are more than welcome to apply for a renewal or a readvance for more business funding. This is a much quicker process than the initial application process. Merchant Advance Capital’s goal is to help provide business funding to business owners all over Canada.
Interested? Apply on our online quote application!
Feel free to contact us for any questions or more information on the merchant advance program:
Monday – Friday
9:00am to 5:00pm PST
E-mail: [email protected]