North American Merchant Advance Association

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About Us


NAMAA

The North American Merchant Advance Association (NAMAA) is a not-for-profit trade association representing organizations in the United States and Canada that are in the business of providing working capital advance products based on credit, debit or other card and electronic payment-related revenue streams to small and mid-sized businesses (currently referred to as a “Merchant Cash Advance”). NAMAA provides guidance and helps to influence and shape the merchant cash advance industry through leadership, education and the sharing of information.

Merchant Cash Advance

A merchant cash advance is a financing option for small and mid-sized businesses in need of working capital. Merchant cash advances are not loans. Unlike a bank loan, merchant cash advances typically require no personal guarantee, no liens or collateral, have no fixed payment schedule, have no absolute obligation to repay (the buyer assumes the risk of business closure), and no business-use restrictions.

The merchant cash advance provider purchases a specific amount of card receivables from the business at a discount and receives a small percentage of the owner’s daily future credit and/or debit card receivables. Each time a sales transaction is made, a percentage of the card receivables is forwarded to the cash advance provider or purchaser until all of the purchased receivables are forwarded to advance provider. Repayment follows the owner’s revenue trend, and is directly related to the success of the owner’s business.

Small and mid-sized businesses obtain merchant cash advances for many business reasons. Some of the most popular uses have been for purchase of new equipment, inventory or seasonal merchandise, expansion or remodeling, payoff of debt or taxes, and emergency funding.

Board of Directors & Officers

The affairs of NAMAA are managed by a Board of Directors. The Board determines general policies, promotes objectives, and supervises the disbursement of funds.

The Board consists of five elected voting members who serve a term of two years.

The Board of Directors may also select Officers among the directors and charter members. Officers perform the duties delegated to them by the Board.

The NAMAA Board of Directors currently include:

The Board of Directors may also select Officers among the directors and charter members. Officers perform the duties delegated to them by the Board.

The NAMAA Officers currently include:

Membership

NAMAA membership is open to any business entity that:

For more information on membership and application process, click here.