Absa has partnered with Preference Capital to introduce a new Merchant Cash Advance loan product for merchants with Absa card machines. The new offering provides short-term capital to merchants within 24 hours of application, allowing them to purchase stock, upgrade equipment or explore new ventures. The loan amounts are based on the merchant’s average monthly card turnover, with terms ranging from four to twelve months. The partnership combines Absa’s infrastructure with Preference Capital’s expertise in SME finance, offering solutions to help businesses navigate financial challenges. Applications can be made via the Absa Merchant Access Online portal or through Cash Flow Capital’s online portal.
