At times of stagnant economic growth, traditional banks tighten the loan eligibility criteria for small-scale businesses, especially startups. Thus, business owners start looking for alternative financing solutions such as the merchant cash advance-an easy and efficient alternative to traditional financing. It offers an array of benefits including quick application, high approval rate, and a trouble-free repayment process.
An ACH advance is a merchant cash advance transaction repaid via direct daily ACH bank debits, and not from the merchant’s bank account. The ACH payment process offers easy application and repayment, making it a preferred option over other financing methods.