Merchant Cash Advance

Providing a cost-effective way for your business to grow. 

Many small businesses have been forced to turn to commercial credit cards to finance operations, a very high-cost option.

Sona’s Cash Advance provides a cost-effective, convenient alternative to access the working capital needed to sustain your business.With a Merchant Cash Advance, you can use your future sales to grow your business today including renovations, expansion, website development or working capital.

How it works

We qualify your business for an advance amount based on your average monthly Visa®/MasterCard® processing. Rather than make set payments on a monthly basis, you agree to have a small percentage of your daily credit card sales withheld to repay the cash advance. This percentage is automatically taken from your daily credit card processing settlements.

It is easy to apply and you can receive funds in as little as 3-5 days.No fixed term or monthly payment. Repay the advance as your business grows with an opportunity to renew your cash advance for additional investment capital.

First Data’s Merchant Cash Advance program makes it easy to invest in your business using the money you're already making!

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What people are saying

“I can say with absolute honesty, that in virtually every case, my comment to these members when I provided them with this information, was that I did not hesitate to recommend Ryan as he provided prompt, courteous, personal service. On top of that he was always motivated to find a solution that tended to be of great value for the customer.”

Dave Moffatt - iNova Credit Union

“Sona showed us how we could significantly cut costs and provided a high level of service that we are very happy with. They are an asset to our business and our membership.”

Amber Thomas-Johnson - Halifax Chamber of Commerce

“Sona provides a level of service unparalleled by any other payment processing companies I have dealt with in the past. As a small business person, navigating the fee structures of the big processors can be daunting, if not impossible, and dealing with a person and a business I can trust has immeasurable value.”

Mike Casey - Owner Operator

“For us, the big thing is creating benefits for our Members.   We want to save them money and make them more efficient in running their business.  Sona does both of those.”

Gordon Stewart - RANS