How is the cash advance repaid?
[< back] This is the great part about the program. The business repays the cash advance, not by writing out a check each month, but automatically, through a small portion of future, daily VISA/MC sales, generally 20% or less. Although the percentage deducted from future VISA/MC sales is fixed, the dollar amount repaid can go down or up, depending on how busy or slow the VISA/MC sales are on any given day. Business owners like the fact that when they are slow, the funding amount repaid is less, which helps a great deal with cash flow.
