In the land of movers and shakers, you’ll want to make sure that your small business has proper funding to meet the demands of consumers in Southern California. Without sufficient working capital, your fledgling small business won’t be able to grow and expand in the way that you want it to. Why let cash flow issues hold your small business back? With the help of our Los Angeles asset-based lending solutions, The Commercial Finance Group offers simple cash flow solutions to otherwise complicated cash flow issues. Take your company to the next level and get more industry insight on asset-based lending in Los Angeles here!
How CFG Helped a Service Business Deal with the Disruptions Caused by a Merchant Cash Advance (MCA) Lender
A new type of lending has emerged in recent years that has the potential to wipe out unsuspecting businesses that aren’t aware of how it works. Known as merchant cash advances (or MCAs), these loans feature usurious interest rates in the triple-digits annually. They also allow lenders to deduct loan repayments directly from borrowers’ accounts [...]