A non-revolving sum of funding that provides sellers with a sustainable way to grow their business. With flexible payment, no personal collateral required and no late fees, a merchant cash advance provides sellers funding to help run and grow their business. Unlike interest-bearing loans, the advance ties payment to a portion of a seller’s future sales for a fixed capital fee, there are no additional fees or interest charged.
There is no interest on a merchant cash advance. Sellers pay a fixed capital fee.
Parafin: Parafin is a business financing provider that was founded with the mission to grow small businesses. Started by a dedicated group of data scientists and engineers who watched small businesses get left behind during the pandemic, their focus is providing small businesses with fast, easy access to capital. Parafin offers a merchant cash advance to sellers on the Amazon.com online store.