Nu Vision combines cutting – edge technology and premium customer service to offer innovative financial tools as a fast and flexible alternative capital & funding financing to bank loans and factoring services.

MCA and BCA Glossary


Acquiring Bank

An acquiring bank is a financial institution that processes credit or debit card payments on behalf of a merchant, especially for electronic commerce or internet transactions.

Alternative Funding Solution

Alternative funding solutions are any financing options that differ from traditional business loans or financing. This often includes (but is not limited to) payday loans, rent-to-own agreements, refund anticipation loans, subprime mortgage loans, car title loans, non-bank check cashing, money orders, money transfers, unsecured business loans, and crowd funding.

Annual Fee

This refers to any annual membership fee a credit company charges to its cardholders, regardless of whether or not the holder uses the card. This amount often ranges from $25-$100 per year.

Business Cash Advance (BCA)

Business Cash Advances are a type of unsecured business funding similar to Merchant Cash Advances. Daily payments are withdrawn daily, Monday through Friday, from the merchant’s bank account.

Business Credit Card

This is a credit card solely for business expenses. Often, credit card companies will offer special perks or rewards to encourage businesses to choose and use their card over their competitors.

Business Loan

A small business loan is a loan provided by a banking institution and usually requires good credit and collateral. However, there are other lending institutions available that will review the financial history, health and stability for a commercial transaction.  A business loan is typically assessed a fixed or adjustable interest rate with a structured repayment period.  A factor rate may be used instead of an interest rate.

Buy Rate

This is the rate quoted to BizLender before our fees are added.  The buy rate is not the final rate the client pays.  The buy rate is added to BizLender’s fee and the sum would be the factor rate.


When a funding company advances an applicant funds and rolls the payoff of their previous advance, with another company, into the new advance.


Borrowers often must promise some kind of valuable property to their lender in exchange for a loan, property which will be taken by the lender should the borrower not repay their loan.

Commercial Loans

Commercial loans are granted by lending organizations for business use.  They are typically used for developing and expanding the business, securing additional inventory, renovations, and purchasing new equipment.

Compound Interest

This type of interest comes into play when interest is added on top of the principal of a loan. If this happens, then the interest that was added to the interest also accrues interest.

Credit Card Processor

The company who processes the daily credit card transactions that are ran on a merchant’s terminal and deposits the money in batches into the merchant’s account.

Credit Card Split

When a percentage is taken from every credit card batch until the payback amount has been satisfied.

Daily Retrieval Amount

The dollar amount that the funder withdraws from the business bank account on a funded a Business Cash Advance.

Daily Retrieval Rate

The percentage of a merchant’s batch that is withdrawn in conjunction with a Merchant Cash Advance or credit card split.

Dun & Bradstreet

Dun & Bradstreet is a company based in New Jersey. They license information on businesses and corporations to utilize in credit decisions, B2B marketing, and supply chain management.

Factor Rate

The percentage rate of payback.

Fastest to Fund Technology

This technology is found on Bizlender’s site. It is a tool that will show you if you qualify for a business loan in mere minutes.

Fixed Interest Rate

This type of interest rate simply does not vary during the lifespan of a loan.

Interest Rate

An interest rate is the ratio that the interest is paid by the debtor of a loan.

Inventory Financing

This type of financing acts as a line of credit or a short-term loan for a company so that the company can purchase products (or inventory) to sell. In turn, those products act as collateral for the loan if it cannot be repaid.

Loan Term

A loan from a bank for a specified amount that also has a pre-planned repayment schedule and a floating interest rate.

Long Term Debt

A loan or financial obligation that lasts over one year.


This is a period of time that an asset remains outstanding. At the end of a finite amount of time the specific financial instrument will not exist anymore and the principal is repaid with interest.

Merchant Cash Advance (MCA)

Merchant Cash Advances are also known as credit card splits. They are an alternative form of funding for businesses. They are essentially the sale of a portion of future credit and/or debit card sales.


A company or person involved in a business or trade who sells, distributes or deals with merchandise.


Not Sufficient Fund.

Net Cash Flow

The net cash flow of a business is determined by subtracting liabilities from the total capital.

Pay Per Click

Internet advertising model that directs traffic to a website.

Prime Rate

The default interest rate that most commercial banks charge customers that have good credit.

Revolving Credit

This type of credit is carried out by the customer paying a commitment and fee, and is then allowed to use the funds where needed. It is usually used for operating functions, so it varies each much depending on cash flow needs.

Secured Loan

The borrower of a secured loan pledges collateral for a loan; thereby the creditor giving the loan secures the debt.

Short Term Debt

Any debt in the liability portion of a company’s balance sheet that is due within one year.


Documents that may be needed or actions that may need to take place prior to receiving funding. The documents and/or actions are usually mandatory and standard practice in the small business funding arena.

Unsecured Business Loan

A financial transaction where money is lent to a business for commercial purposes which does not require collateral as security.

Working Capital

Working capital is the money that is used by a business for daily operations. It is calculated by subtracting the current liabilities from the current assets.