Although merchant cash advance (MCA) seems a quick and easy option to get immediate funds for your business, these cash advances carry extremely high fees with APRs in the triple digits! If you insist on this method, be prepared for what an MCA will do to your daily, weekly, or monthly revenue stream. Daily, automatic payments to the lender can create even more strain on your finances. We can help you relieve this additional burden. Oftentimes, business owners call American Finasco to settle with the lender once they can no longer keep up with the MCA payment terms. Did you know… there is no benefit if you repay on merchant cash advances early? You may even get hit with an early repayment penalty. Also, you cannot switch credit card processors with most cash advance contracts. This means that if you are dissatisfied with your credit card processor, you are stuck with them until the cash advance is repaid.
Let us show you how to avoid getting further into debt! There are alternatives to merchant cash advances. American Finasco prefers to help businesses with debt before they take out a merchant cash advance. Call us first. By leveraging American Finasco, your debt can be managed, reduced, or consolidated while you stay focused on your business. Visit Contact Us and complete our Online Form for a free consultation or call (800) 299-2909. We look forward to speaking with you.