Can You Write Off a Merchant Cash Advance on Taxes?
With the cost of running a business rising, many entrepreneurs are turning to merchant cash advances for additional capital. But can you write off a merchant cash advance on your taxes? Whether you’re considering taking out an MCA or already have one, it’s crucial to understand how they affect your business and, ultimately, your taxes. […]
Merchant Cash Advance Reverse Consolidation: Why You Should Avoid I
Merchant cash advances are designed to be confusing. Unsurprisingly, many small business owners who take out MCAs end up with razor-thin operating margins and a seemingly endless cycle of debt. Not to mention, missing payments often result in enormous fees and legal problems. One product that promises to fix this issue is a merchant cash […]
Can You Refinance a Merchant Cash Advance?
Merchant cash advances have become a popular way for small business owners to get financing. However, due to the high costs and daily payment schedule, MCA recipients may quickly find that their advance is placing a major strain on their business finances. One potential solution to that problem is to refinance a merchant cash advance. […]