The Merchant Cash Advance
Credit or Debit?
Young businesses, even thriving ones, often struggle to find the cash they need to grow and operate. If they’ve been in business less than five years, they don’t have a track record. If they’ve been operating on a shoestring, they probably don’t have the best credit rating. I know several young entrepreneurs who used their personal credit cards to keep the doors open—which can sometimes be problematic from a credit-management perspective.
A merchant cash advance (MCA) isn’t really a loan. It is an advance based on the volume of cash that flows through a company’s merchant cash account—in other words, ...
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