Recently, merchant cash advance (MCA) companies have become even more prevalent, and have been marketing themselves to small business owners. Sometimes, they market themselves as a nontraditional factoring company. But, what exactly are they?
MCA companies provide short-term advances to companies in a wide variety of industries. Typically, there’s little paperwork involved, and within a day or two, an MCA company will deposit a lump sum into your bank account.
Although it may appear to be a quick way to get cash, you should consider the following:
Scale Funding is a privately held financial services company founded in 1994. The company has operations in Calgary, with headquarters in Burnsville, Minnesota, USA. Scale Funding provides a full range of business financial services including: accounts-receivable management, asset-based lending, collection services, credit analysis, factoring services, risk assessment, treasury and more. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service , and exemplary corporate citizenship. For more information visit Scale Funding on the web at www.tcicapital.com.