Trapped with a merchant cash advance from Alpha Capital Source?
Merchant cash advances, like those from Alpha Capital Source, can seem like a great solution for your business, especially when you need cash fast and are having trouble qualifying for traditional loans. This can quickly turn disastrous and trap your business in a debt cycle, leaving you with little cash flow and options to pay other debts. If this has happened to you, Tayne Law Group, P.C. can help.
Alpha Capital Source claims to offer merchant cash advances (MCAs) from $5,000-$500,000 to businesses with bad credit. While this may seem tempting, especially if your business is struggling to qualify for funding, merchant cash advances can be dangerous if your cash flow slows down or other bills come due. Because of the potential for incredibly high interest or APRs, they can become nearly impossible for businesses to pay off. As a result, your business could be facing default, bankruptcy, or worse – the threat of legal action.
Merchant cash advances, like those from Alpha Capital Source, are not your only option if your business needs financing quickly. If you’re struggling to qualify for a traditional bank loan due to credit or otherwise issues a short-term loan may be an option. Because the repayment terms are generally only around three years, qualifications are often more lenient, but they often come with strings. Lines of credit can also be a good option if you qualify. Revolving credit allows your business to borrow against the credit limit as often as you need. Consider an option that doesn’t take on more debt that you just don’t need right now.
Tayne Law Group, P.C. has more than 20 years of experience resolving business debt. We focus on working with businesses like yours that have taken out and are now dealing with merchant cash advances demanding to be repaid, like those from Alpha Capital Source. Our team of debt resolution professionals knows business debt. We will work with you to find the solution that’s right for you. Additionally, our team is incredibly successful at renegotiating with creditors to reduce the balances and eliminate interest. Therefore, we can help ease the stress from the debt and help you get you the relief you need. Call us today for your free, no-obligation consultation. Don’t wait! Call 1-866-890-7337.
FAQs about Alpha Capital Source
It is a company that directly funds merchant cash advances from $5,000-$500,000 to businesses with bad credit. Additionally, the company claims to work with businesses that may be having trouble qualifying for other financing options. Businesses in all industries in the 48 continental states can apply.
The company funds the advances directly and claims to have a quick application turnaround so you can feel as though the process is simple. Additionally, the company offers “lenient” guidelines on credit scores and other qualifications, such as time in business, gross revenue, and negative revenue days per month.
With a merchant cash advance, a business pays by guaranteeing a portion of their sales. This can be done often, draining the business of valuable cash flow and resources. With Alpha Capital Source, this debit is withdrawn five times a month. Because of this frequency, merchant cash advances often come with incredibly high interest and APRs. In fact, the better the business’s sales are, the higher the APR will be.
