This type of funding is very similar to a regular MCA. The main difference is that the bank account deposits and bank statement cash flow is used to determine the amount of funding a business can receive as well as the repayment terms. Once funding has been provided, the finance company will receive repayment via an ACH deduction directly from the business’s bank account on a daily or weekly basis. ACH stands for Automated Clearing House, which is a network that coordinates electronic payments and automated money transfers. With an ACH advance, a fixed daily or weekly payment is required rather than a percentage of the actual daily sales revenue.
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