Merchant Cash Advance has had a bad rep over the years for being too expensive. While this is true some business owners could definitely benefit from a cash advance with no prepay penalty.
So you have had a cash advance that would allow you to pay it back at less than 3 percent then what’s the issue.
The goal is to not go the length of the term but to actually use the money and pay it back quickly. If you had good credit then you would have better options. At our Commercial Credit Academy, you can learn how to build business credit and start to go for more traditional loans. Until then a merchant cash advance might now be a bad idea. Get the working capital you need today.
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