Merchant cash advances provide funding that can be used to help run and grow your business. Cash advances are not loans and don't charge recurring interest. Rather, you agree to sell a portion of your future sales in exchange for receiving an advance now, all for one low, fixed fee paid over the life of the advance.
You can use the funds for any business purpose–repairs, remodeling, payroll and hiring, and even expansion to new locations.
Rather than fixed payment amounts, you’ll pay your merchant cash advance with a set percentage of your sales.
Applying doesn’t impact your credit score and doesn’t require any personal guarantees or collateral. Plus, there are no sign-up, late, or annual fees.
Merchant cash offers and advances are provided by Parafin and governed by Parafin’s Terms of Service. Merchant cash offers and advances and bank transfers are subject to review and may be rescinded. Merchant cash offers and advances are not extensions of credit or loans and they may not be used for personal, family, or household purposes.