Merchant Cash Advance Software: Top Features to Notice
By: Michael Stilwill, Chetu, Inc. Merchant cash advance software enables businesses to obtain cash by using sales as the basis for the advance. This is significantly different from a loan, and there is no collateral involved. The business’s credit score is irrelevant because the cash advance is based on the credit card, debit card and sales receipts of the business. This is beneficial for small, growing companies during periods of rapid growth when cash flows are likely to be under strain. Any effective merchant cash advance CRM is capable of managing leads, managing documents, generating reports and analytics, and tracking deals and commissions.