With a merchant cash advance, a lender basically grants you an advance of capital and purchases a portion of your daily credit card sales. You pay back the advance with a percent of your daily credit card sales.
When business is slow, especially for seasonal businesses, you pay back less, and when business is booming, you pay back more.
But before you apply for a merchant cash advance, be certain your cash flow can handle it. Not sure if it's right for you? Ask a Nuway Funding representative!