What is Automated Clearing House (ACH) & ACH Loans?
Automated Clearing House (ACH) is a financial network allowing a business to electronically collect payments from their customers either in a single transaction or as recurring payments directly from the customer’s checking or savings account.
The term ACH has also morphed into an ACH Loan. An ACH loan and a Merchant Cash Advance (MCA) are similar. While an MCA loan is really an advance based upon your regular and predictable volume of credit card transactions, the ACH loan is a “cash flow” loan. Instead of looking at your credit card transactions, the ACH lender looks at the average daily balance of your business checking account.
Both ACH & MCA loans tend to be the fastest (good) and most expensive (bad) monies a business can obtain.
- A/P or Accounts Payable Aging
- A/R or Accounts Receivable Aging
- Account Debtor
- Accounts Payable (A/P)
- Accounts Payable Financing
- Accounts Receivable (A/R)
- Accounts Receivable Financing
- Accounts Receivable Verification
- Accrual vs Cash Basis Accounting
- After Action Review (AAR)
- Aging Report
- Articles of Incorporation
- Asset Based Lending (ABL)