Start A Merchant Cash Advance Brokerage With $5,000 Or Less.
Jay Bally
11

Merchant cash advance loans are really close to legal loan sharking and generally is attractive only to businesses in trouble teetering on insolvency. Consider the $65k return on $50k advanced is 30% and likely for less than a year. Also consider that repayment based on 15% of gross is quite high especially for high cost of sale businesses. In Caliornia only banks and other authorized lenders may charge interest in excess of 10% a year. So a first step will be to qualify as an authorized lending entity, in Cal and some other states. Not making a moral judgment. Trading on those is desperate condition can be lucrative but can also be risky. Not offered or intended as legal advice.

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