Almost any business can use a merchant cash advance. For high mortality businesses like restaurants or retail, a merchant cash advance can provide immediate funding when a traditional loan is not possible. The immediate funding of a merchant cash advance, also makes its appealing to seasonal businesses, because it ensures they’re ready when customers return during the busy season. However, while there are many benefits to consider when pursuing a merchant cash advance, there are some things to be aware of as well.
You may not want to pay such high rates or give control of your incoming credit card revenue to a provider. Also, you don’t want to get in the habit of relying on merchant cash advances, since its higher cost can make it very difficult to manage future cash flow.
Here the pros and cons of a merchant cash advance:
Find out more about the ins and outs of a merchant cash advance by reading our Merchant Cash Advance Buyer’s Guide.
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