Unlike a loan, a Merchant Cash Advance is not assigned an annual percentage rate. Instead, you pay a factor rate. The factor rate is conveyed as a decimal point and it is the amount that you agree to repay to the advance provider. Although the fee can vary, it is usually between 1.3 and 1.7. The...Read More

Do you find yourself stuck in a Merchant Cash Advance(MCA) that you cannot pay? Does this sound like you? You took a $25,000 business cash advance for six months. The person selling this to you made it sound easy stating your payments as “just $250 a day.” But, even with your business savvy skills, you...Read More

If your business is facing tough times, a collection agency may be contacting you to collect unpaid debts. Contact can be in the form of letters or a phone call. What is the worst thing to do? Ignoring a debt collector who is contacting you. The agency can report the delinquency and it will show...Read More

3rd Party Intervention May Lift Your Business From Debt As a business owner, it can be difficult to keep track of finances, and sometimes it becomes overwhelming and can lead to a fiscal mess. Waiting too long to get financial help can result in serious consequences for your business. American Finasco’s Third-party Intervention Services will...Read More