Common misconceptions about cash advances
by LilyEntrust, Rising Star
- Created: April 6, 2012, 10:34 am
- Updated: April 6, 2012, 10:35 am
So I've noticed that there is a lot of misinformation out there about how merchant cash advances work and whether or not they are a wise solution for business owners who are seeking out additional working capital. The reality is that cash advances can be a smart source of financing for business owners who have had trouble receiving loans from a bank. And yes, they are expensive, but many of the other "down-sides" to cash advances that people warn you about simply aren't true. I've expounded on the realities of using cash advances for your business in a new blog entry which you can read here:
I hope this helps clarify things. Please let me know if you have any questions or concerns.
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