Merchant cash advances are misunderstood.
While they can help a small business out in a host of ways, those who have never used an MCA don’t know much about the financing. They may be distrustful when they hear that it involves what is, in essence, an advance on your credit card receipts that you pay back with a portion of those receipts daily. It’s easy to understand the caution.
At Direct Capital, we’ve been working closely with small business owners to provide them with the financing they need. Merchant cash advances can be a great fit for many of those owners, but first we need to explain why it makes sense and dispel some of the persistent myths that have cropped up around the financing.
To that end, we’ve put together a short video featuring Director of Client Services Scott Lynch explaining merchant cash advances. We hope it will help you all to understand a merchant cash advance a little better and see how it might be able to help your business.
Without further ado, we present our video.
Photo credit to iStock