Merchant cash advances are an alternative form of business finance that’s popular with small businesses that need funds but don’t have assets to provide as security. With a merchant cash advance, the lending is secured with future sales made through your card payment terminal. Repayments are automatically made, with a fixed percentage of your sales made through the card terminal. The repayment portion never enters the bank account of the borrowing business but goes directly to repay the lender. Since future payments act as security, there is no collateral required. This makes it a simple form of small business financing for companies that mainly get paid through credit cards, debit cards or EFTPOS.