Dallas, May 25, 2021 (GLOBE NEWSWIRE) -- Merchant Cash Advance refers to a little business funding product which includes the deal of a business’ future credit card receivables at appropriate purchase price. The MCA is basically planned as a lump sum payment for a business in return for decided upon percentage of future debit card and credit sales. Cash advance is a sort of short-period loan offered by credit card companies, banks and other financial institutions in the market. Furthermore, these services higher fees and interest rate on the principal amount. In addition to that, the cash advance service provides quick funding options and instant approvals which in turn lead to enormous demands from borrowers in the market. The Global Merchant Cash Advance Market has been witnessing an escalation in the growth over the past few years.
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Merchant Cash Advance Market Breakdown by Manufacturers
American Express Merchant Financing
PayPal Working Capital
Fundbox
Fora Financial
Credibly
Square Capital
Lendio
National Funding
CanCapital
Stripe Capital
Kabbage
CAN Capital
The growth of the MCA industry is accredited by numerous growth propelling aspects and the growth is expected to continue for coming years as well. By conventional methods, it was obligated for the borrower to repay the product over a six-month timeframe. Growing competition in the industry led to longer and shorter term payback periods (usually in the three to 18 month array now). This factor has been providing escalation in pricing levels by MCA competitors and is relied on merchant’s credit profile and risk boosting the growth of the MCA industry. Furthermore, the MCA market players are now offering ACH financing and loans not just based on credit card volume but based more on a merchant’s total sales volume. This aspect is considered being propelling the growth of the industry.
Merchant Cash Advance Market Segment by Types
$ 5,000-250,000
$ 250,000- 500,000
>$ 500,000
Merchant Cash Advance Market Segment by Users/Application
Time in Business <6 Months
Time in Business 6-12 Months
Time in Business 12-18 Months
Time in Business >18 Months
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The Merchant Cash Advance system provides customers and market players with numerous beneficial features. As compared to a bank commercial loan process, MCA requires less paperwork. In addition to that, the funding time and approval time involved in MCA system is less as compared to a bank commercial loan. The advanced methods being used in the system such as lockbox, ACH debit or split funding which occurs daily reduces effort for a merchant for collection process.
All of these aspects are likely to heighten the growth of the Merchant Cash Advance industry on global level. Furthermore, the advantages provided by the adoption of MCA systems such as High loan renewal rate, Low barriers to entry, High commissions, Attractive returns, No obligation to repay if business failure occurs, No late fees if business sales slow, etc. are expected to elevate the demand for Merchant Cash Advance system in future years.
Table of Content
1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East & Africa)
1.4 Years Considered for the Study (2015-2027)
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Merchant Cash Advance Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Merchant Cash Advance Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Merchant Cash Advance Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.4 Distributors/Traders
4.5 Downstream Major Customer Analysis (by Region)
5 Global Merchant Cash Advance Market-Segmentation by Type
5.1 $ 5,000-250,000
5.2 $ 250,000- 500,000
5.3 >$ 500,000
6 Global Merchant Cash Advance Market-Segmentation by Application
6.1 Time in Business <6 Months
6.2 Time in Business 6-12 Months
6.3 Time in Business 12-18 Months
6.4 Time in Business >18 Months
7 Global Merchant Cash Advance Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel………….continued
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