Unexpected costs can derail operations. MCAs provide funding based on future sales, helping businesses cover urgent expenses quickly.
Example: A restaurant owner used an MCA to repair a broken refrigerator, avoiding food spoilage and loss of revenue.
Tips for using MCAs:
- Estimate your repayment: Only borrow what you can comfortably repay.
- Prioritize urgent needs: Use funds for expenses that keep your business running.
- Plan ahead: Maintain an emergency fund when possible.
FAQ:
Q: Do MCAs affect my credit score?
A: Typically no, since repayment is based on sales rather than credit history.
Protect your business with a Merchant Cash Advance from New Look Funding.