From what we can see, MCAs are still more readily ...

2008-11-13T12:51:09.968-08:00

From what we can see, MCAs are still more readily available, probably because the underwriting and risk assessment are different.

As for the cost, the products are so different (one is a loan with an interest rate and a fixed maturity date while an MCA is not a loan and has no fixed maturity date), it is like comparing apples to oranges.

Instead of cost, owners often focus on the benefits of an MCA - retrieval amounts aligning with payment card sales, no personal collateral required, money as quickly as three days, etc.

Hope this helps, and thanks for the comment!

I don't feel as though the current credit crisis i...

2008-11-12T13:00:00.000-08:00

I don't feel as though the current credit crisis is making my company harder to run, but it is making it much harder for me to turn a profit. I've also had some existing lines of credit that I was up to date with payments pulled out from under me. Are merchant cash advances really more readily available than lines of credit, and how much greater is the cost? Or is it?

Comments on Merchant Cash Advance Info: A Business Cash Advance: One Answer to the Credit ...

From what we can see, MCAs are still more readily ...

I don't feel as though the current credit crisis i...