RapidAdvance LLC, a Bethesda, Md.-based merchant cash-advance company, has acquired Merchant Cash Express Ltd. The United Kingdom-based cash-advance company will operate as a subsidiary of ...
A merchant cash advance forwards cash against future sales. MCAs have aggressive repayments that disrupt profitability until it’s repaid. Borrowing fees are high with rates of 50 percent to 100 ...
At first, Pedro Alarcon felt reluctant to help fund his restaurant by signing up for a merchant cash advance from a company that wasn t a bank. But he d had so much difficulty getting a conventional ...
If there is anything that the pandemic, the Great Resignation and the resurgence of inflation have taught us, it’s that what we think is a sure thing just might not be. That includes the cash flow of ...
A merchant cash advance (MCA) market is a short-term financing option in which a business receives a lump sum of funding and pays the money back incrementally. A percentage of the company's daily or ...
On January 5, the FTC announced that two defendants will be permanently banned from the merchant cash advance and debt collection industries, and required to pay $675,000 to resolve allegations that ...
In an industry characterized by multibillion-dollar corporations, Christopher Cooley's dental equipment and supply distribution company, Parkway Dental Services LLC, swung above its weight. But that ...
Short-term financing known as merchant cash advances are getting some small businesses into hot water financially. Marketed as a fast way to access cash, merchant cash advances can help some ...
Mike Lindell, the MyPillow CEO and an avid supporter of President-elect Donald Trump, filed a lawsuit against two small financial services that gave his company a loan when it needed money urgently.
In an industry characterized by multibillion-dollar corporations, Christopher Cooley's dental equipment and supply distribution company, Parkway Dental Services LLC, swung above its weight. But that ...
It's the latest local company to file for bankruptcy because of high-interest, short-term loans from merchant cash advance ...
On December 27, the New Jersey Division of Consumer Affairs (the Division) entered a consent order with Yellowstone Capital LLC (Yellowstone) and several related companies to resolve allegations that, ...