Answers That Count - Hosted By Charles Musgrove
Business:Management
#mca, #finance, #payday
When cash is tight and businesses are desperate for survival, Merchant Cash Advance provides immediate cash to live to fight another day. However, the 'life' they provide can be short-term and usually leads to stacking of more MCA loans. Normally, the first MCA loan creates a violation of terms of pre-existing loans.
MCA loans is a unique financing tool and is similar to the pay day loans, which are loans available for the individuals. Or, at least they were at one time until most states made them illegal. These type loans have been made illegal to the individual consumer because they have usurious rates. And, the MCA loans have similar qualities with rates (if you are able to calculate the rate) over 50% to over 1,000% APR.
In today's episode, we are joined by Marc Mellman of MCA Stacking Solutions https://mcastackingsolutions.com/. Marc's career has been in various capacities in the finance industry. From the traditional bank industry, then to the factoring industry, and most recently he has provided consulting services to businesses that have executed MCA agreements and need help to work out of them. Check out this episode for valuable information about how to survive and get out of MCA agreements.
The Top 10 List (plus more) for Starting Your New Business
Workers Comp Insurance, Business Interruption Coverage and More
Do You Have the Right Cyber Insurance Coverage When the Hack Happens?
What are the Takeaways from the Jeff and MacKenzie Bezos Divorce?
Is your Business Ready for a Divorce by Shareholder Owners?
How to Improve Culture, Communication and Employee Retention
"Why Not" Improve Business Outcomes?
The 4 Keys to Improved Business Outcomes
Joint Ownership of Assets - 3 Options, Which One is Best?
What is the right Entity Type for Your business?
New and Improved Health Insurance Plans for the Small Business
Sales Tax Audits and Likely Audit Targets
Sales Tax and Wayfair - Find out how this Ruling Changed Sales Tax Law 'Forever'
Cyber Security - Part II - Don't Let the Trojan Horse in Your House
Cyber Security - "Protect Your House" - Tips and Tricks on How to Protect Against Cyber Attacks
Negative Social Media Reviews & Posts and Consequence to the Business
Wills & Trusts - Reasons to Take Action Before It's Too Late
Legalized Medical Marijuana and the Work Place
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
HCI Leadership Revolution
Human Capital Leadership
The Power of Music Thinking
BusinessWISE
Business Wars