GrowCapital SA offers finance by means of a merchant cash advance to retailers and SMEs across South Africa with which to grow their businesses. A merchant cash advance is not a loan but rather a sale of a company’s future turnover. The finance supplied can be used to fund any of the business’ needs whether it’s renovations, stock purchases, equipment or unforeseen expenses.
What Is Merchant Cash Advance?
Merchant cash advance is finance provided to a business in exchange for a pre-determined percentage of the business’ future sales.