Death by Merchant Cash Advance Daily Payment
Learn how short term, high interest loans like mca’s can get a business in trouble fast!
DetailsLearn how short term, high interest loans like mca’s can get a business in trouble fast!
DetailsThe City Bakery on West 18th Street unexpectedly closed after nearly 30 years in business. Photo: Ben Fractenberg/THE CITY Question: Can you afford to pay your creditors 30% of what you are paying now and stay in business? From my experience, the answer would be either a confident “yes”, a less confident “yes…if I make changes”…
DetailsRight now, there are hearings on a bill in California [ SB 1235 ], that would require merchant cash advances [MCA’s] and factoring products to disclose their APR.
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