What is the difference between a merchant cash advance and working capital loan?
I'm currently working on an article for business.com about the difference between a merchant cash advance and a working capital loan. I am looking for community members with experience, either as lenders or borrowers, to comment for potential inclusion as a source in the article.
What is the difference between an MCA and a working capital loan?
When might a business need one versus the other?
What are some pitfalls to avoid with each type of loan?
Are there alternative sources of funding businesses should consider first? Why/why not?
Where can businesses obtain an MCA or a working capital loan?
What is required from a business before receiving funding in these ways?
Feel free to respond to me directly on this thread or via private message.