A merchant cash advance is a method of financing which is an alternative to a business loan. This applies to a merchant who agrees to sell future credit card monies received, at a lower rate. Unlike some other companies, GSA allows such advances to be paid back several ways. Options include splitting funding from the business credit card machine, lockboxes, or ACH transfers (Automated Clearing House, which is a system used to transfer money).
With merchant cash advances, the loan is not required to be paid back under a specified amount of time, but by repaying with a percentage of monthly credit card sales. This way, the advance is paid off as your business grows. Furthermore, as you pay off your cash advance, you leave open the opportunity to potentially renew the advance for further funding to help you with other business needs.