As Liza Minnelli once sang, money makes the world go ‘round. Every business owner knows this to be true; without money in the bank, your world can stop dead in its tracks. Thanks to the emergence of merchant cash advances (or MCAs), merchants can receive a lump sum of money in tough times when other credit sources are not available. Since these life-saving loans are not without consequence, we created a Guide to Merchant Cash Advance Services to help you navigate your options.
In order to qualify for a MCA, your business must be a merchant (i.e. retail, restaurant, or service company) and process daily credit card transactions. Merchant cash advances are a good loan option for businesses that are considered high-risk, or have little to no credit. MCAs emerged at the start of the recession, and according to Forbes, “The Green Sheet estimates that the market for merchant cash advances is currently $500-$700 million.”
Before you take the leap and get a merchant cash advance, it’s critical that you do proper research and are aware of the various stipulations involved.
Download the Guide to Merchant Cash Advance Services e-book and learn:
- What consists of Merchant Cash Advance
- How to qualify for a MCA
- Advantages & disadvantages of using MCAs
- About MCA providers
- Comparing MCA providers