A Note From Lauren

If you have ever been on the phone with a merchant, this is a comment you have heard more than once. “This is too expensive!” Merchant Cash Advances are by no means “cheap money” and no one in the industry should ever deny that. Merchant Cash Advance companies are funding high risk businesses with no collateral so obviously the money is going to have a higher cost than a traditional bank loan. That being said, the real question is – Is the extra cost of the money worth it for your business? Majority of the time the answer will be yes if the money received is used properly.

When a merchant is taking this Canadian business loan alternative, they should be using the money towards growing the business and increasing their sales. For example:

Purchase new equipment   -------- Get more clients ---------- Increase profit

Purchase more inventory -------- Sell more Merchandise   ---------- Increase profit

Start a new advertising campaign -------- increase sales -------- Increase profit

Open a new location -------- additional revenues -------- Increase overall profit

So the answer is NO, Merchant Cash Advances are expensive but if used properly you can keep your business afloat during slow seasons and take your business to the next level of growth and profit. Therefore, they are worth every penny!