The negative credit impact you take during our program is less than that of bankruptcy. Oftentimes the payment and payback terms are more manageable as well. You won’t have to deal with lawyers, hearings, or any legal aspect that you would have to deal with during a bankruptcy either.
Merchant cash advance loans are designed to give merchants an advance on their business’s sales. Many times, borrowing against future earnings makes sense and is not highly risky. However, there are times where cash-flow slows down unexpectedly.
When this happens, making the typical 8% to 30% daily payments based on sales is hard because an MCA payment is only one of many business expenses. It doesn’t take long for a borrower to get behind on payments during such downturns. The good news is that it is in your lender’s best interest to work with you to find a manageable payment arrangement.
Provides a lifeline for over-extended business owners who are drowning in debt.