The MCA business is legal, but it’s thrown thousands of small-business owners, including small fleets, into a spiral of debt. It’s also caught the attention of the U.S. Federal Trade Commission and the New York attorney general. Here’s a quick summary of how the lending process works.
How merchant cash advance providers can take advantage of small fleets
The MCA business is legal, but it’s thrown thousands of small-business owners, including small fleets, into a spiral of debt. It’s also caught the attention of the U.S. Federal Trade Commission and the New York attorney general. Here’s a quick summary of how the lending process works.
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