New York's merchant cash advance (MCA) industry operates largely outside of the laws and regulations that govern traditional banks. The rules that apply to a mainstream small business loan often do not apply to MCAs because they are technically commercial...
Merchant cash advances might seem like another version of a small business loan, but an MCA is not appropriate for businesses of every industry, size and financial situation in New York. So, what businesses are most likely to end up with an MCA? Lots of credit card...
Most types of New York businesses, including manufacturers, restaurants and convenience stores, rely on their equipment. Machinery like ovens, freezers and machine tools let you and your employees provide customers with the goods and services you promise them. Over...
Traditionally, a New York small business owner looking to expand or in need of quick cash would go to a bank or other lender and apply for a business loan. In recent years, an alternative called a merchant cash advance (MCA) has arisen. They both purport to help...