GoDaddy Inc. (NYSE:GDDY) introduced GoDaddy Capital, a merchant cash advance program offering $1 million to SMEs in need of capital. A recent survey found that 51% of small businesses operate with limited cash flow, hindering growth. GoDaddy Capital allows access to quick funding, with payments based on daily sales.

GoDaddy Capital will be available to the company’s payment users, attracting more businesses. Small businesses can pay down the advance through a fixed percentage of daily sales, streamlining payments, cash flow management, and securing working capital. GoDaddy focuses on serving entrepreneurs with easy-to-use products in a one-stop shop solution.

Read more at Yahoo Finance: GoDaddy Introduces A Merchant Cash Advance Program to Support SMEs