There is no set duration because your cash advance payments are sales-based. That means that payments increase if you have more sales and decrease if you have fewer sales.
Since payments are sales-based, the amount of time it takes to pay off the cash advance varies depending on your sales. If you’re having a slow period, your payment amounts will be lower and it will take longer to pay off the cash advance. If you’re having a high period, your payment amounts will be higher and it will take you less time to pay off the cash advance.
Merchant cash offers and advances are provided by Parafin and governed by Parafin’s Terms of Service. Merchant cash offers and advances and bank transfers are subject to review and may be rescinded. Merchant cash offers and advances are not extensions of credit or loans and they may not be used for personal, family, or household purposes.