Finance Monthly November 2019 Edition

22 www.finance-monthly.com FINANCE & BUSINESS - MERCHANT CASH ADVANCES THE PROS AND CONS OF MERCHANT CASH ADVANCES FOR BUSINESSES With zero interest, no fixed payment term and a high approval rate, it is easy to understand as to why more and more businesses are opting for Merchant Cash Advances [MCAs] as an alternative means of funding. But what exactly are MCAs? And what are the pros and cons for business owners looking for a quick cash fix when facing cash flow difficulties? Michael Foote answers these questions below. Michael Foote Managing Director Quote Goat