Finding fast financing is often a matter of understanding how to use your business assets to your best advantage. Not only do products like the merchant cash advance close faster than loans, but they are also made explicitly for short-term scenarios, where loans are mostly designed around medium to long-term needs. The key is knowing which assets will give you the most financial reach. For the MCA, the more business you do through electronic transactions, the better. You have a different alternative if your company operates on invoice billing and check payment. That leads to the big question, what makes an MCA special?

1. Payments That Flex with Your Income

Financing your merchant account means agreeing to pay the lender a fixed percentage of the income through that account until the loan is satisfied. This means that you do not need to worry about budgeting an objective payment into a short month, you get to enjoy a smaller one that month. It also means the lender gets paid off faster when the business gets busy, and your windfall profits come in. To make the most of this feature, try borrowing to cover inventory costs right before a known high-demand period like a big local event or a holiday.

2. The More You Make, the More You Get

Using a merchant cash advance to access extra working capital can sharply increase your profits. Even using them for basic cash management makes reinvesting in your growth easier. As your income improves, future rounds of MCA financing will reflect that, with offers that grow as you do. With the right plan, you can reach your five-year goals, and you might even reach them early.

3. No Collateral is Needed

Many other solutions for working capital require an asset to be put up as collateral to help contain prices and to reach the most generous offer possible. For small businesses that do not own property or already have loans tying up their equity, the MCA offers the option to use a different asset to back the deal. That means you can get access to working capital for sudden emergencies as well as opportunities, even if you don’t qualify for other options like business credit lines. Even if you have those options at your disposal, another product you can use alongside them just means you have even more financial reach when your business needs it.