We keep in touch with a lot of business people in big trouble with vendor payday loans.
…so numerous smaller businesses have money advances…
…these “MCA” companies are operating away from visitors to offer a vendor advance to?
Pretty frightening, right?
So… these “working capital providers” created a product that is new.
Now, there are some various names for it…
…reverse consolidation loan…
…merchant advance consolidation…
…mca consolidation loans…
Here’s the true name that needs to be utilized to spell it out the products…
Wish to know why?
Imagine you’ve got vendor payday loans burning a gap in your organization.
A “reverse consolidation” is a deal where you get a fresh cash loan that deposits sufficient money into your company bank-account every week to pay for your existing cash advances. (more…)
