Featured on Smarter.Loans: 8 Things Small Business Owners Need to Know About Merchant Cash Advances

Female small business owner applying for small business loan

Merchant cash advances (MCAs) are a relatively new form of funding that emerged after the 2008 recession in response to a greater need for accessible small business funding. With less restrictive approval requirements, merchant cash advances have made more working capital available to more businesses, including underserved communities like wowen-owned and minority-owned businesses.

However, because of their youth, many myths and misconceptions about MCAs persist. In reality, merchant cash advances are a very effective source of fast, short-term funding for businesses that may not be approved for a traditional bank or SBA loan.

To help clear up the confusion, we shared our expertise on merchant cash advances with Smarter Loans, an online resource dedicated to helping small businesses make smarter financial decisions.

Read the full article to discover 8 things all small business owners should know about merchant cash advances, including:

  • A merchant cash advance is not actually a loan
  • MCA applications are much simpler and easier than traditional loans
  • Larger funding amounts are available from some lenders
  • You can use your funds however you want
  • Merchant cash advance qualification requirements are more favorable to more small businesses
  • There are no fixed monthly payments
  • Merchant cash advances are not always more expensive than traditional loans
  • Who should apply for a merchant cash advance?
Read the full article
Alfredo Rosing is the Vice President of Marketing at Greenbox Capital®. With over 25 years of combined experience in marketing and financial services, Alfredo is an expert on innovative financial technologies with a passion for connecting consumers and businesses with socially responsible funding. Prior to joining the Greenbox Capital team, Alfredo launched an award-winning online lender that was recognized as the winner of the 2017 Fintech Awards US Firm of the Year for Lending Innovation Award. Alfredo is a graduate of Southern New Hampshire University with a BS in Marketing.