How Does The Daily Merchant Cash Advance Program Work?
Once your business has been approved for funding, the funds are issued to your account. The next day, 2M7 will withdraw from your account the agreed-upon payment. This withdrawal remains the same as long as your revenue remains the same or higher as it was at the time of application – in the event your revenue drops, the payments are reduced as well.
``Stay On Top Of Your Advance``
2M7’s daily program for MCA is great for businesses that want to know all the details – every step of the way. With our daily program, you will know:
How much funding you will receive.
How much the total cost is.
How much you are paying today.
How long the payments will last.
When you are eligible for more funding.
Traditional Split Program vs. Daily Program
These two programs serve different purposes and can benefit your business in different ways
Fixed payment – Same daily payment
Need for credit/debit card sales
Easily budget monthly payments
We get paid when you get paid
Smaller batch out = smaller payments
Speak to a specialist today!
Speak to one of our trained specialists to better understand what options we have for your business.
2M7 Financial Solutions is a provider of alternative funding & merchant cash advances for Canadian businesses. We have developed a proprietary system to evaluate risk and determine credit worthiness in a way that is not used by traditional funding sources such as banks.