Inside Money Today

Lendinero's blog on Growing Your Business

Merchant Cash Advance:  Deadly Mistakes in Merchant Cash Advance

Merchant Cash Advance: Deadly Mistakes in Merchant Cash Advance

Today, many business owners have turned to merchant cash advance as an alternative means in obtaining business funding. However, if you take out two or three loans at the same time you are setting up your business for failure. I have seen many businesses go out of business because some hot shot sales person convinces the business owner to keep out taking loans.   In the first month or two you may feel a short-term alleviation in your cash flow. However, as the months go by it will be hard to keep up with; 2 to 4 daily payments from merchant cash advance loans. If you do decide to take out two loans be sure that you know what you will do with that money and that you can repay back that money fast.

© 2015 Lendinero

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