What are the pro and cons of a merchant cash advance?

Q: What are the pro and cons of a merchant cash advance?

Benefits Lukewarm credit OK Relatively easy application process Quick access to cash Can be used for a wide variety of purposes Drawbacks Relatively high Annual Percentage Rate (APR) Payments reduce daily cash flow May be required to switch merchant service provider

Benefits

Lukewarm credit OK
Relatively easy application process
Quick access to cash
Can be used for a wide variety of purposes

Drawbacks

Relatively high Annual Percentage Rate (APR)
Payments reduce daily cash flow
May be required to switch merchant service provider

2022-12-01T20:31:56-05:00Merchant Cash Advance (MCA)|

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Disclaimer: The above information is provided as a guideline. Some loan conditions may fall outside of these parameters. We recommend that you speak with one of our advisors before taking any course of action based on this information.