If you’re researching ways to finance your business, you may have heard of merchant cash advances (MCA loans) as well as invoice factoring. Both are alternatives to traditional financing, such as bank loans, and easier to qualify for. Yet they differ in several important ways. Before you decide to do either invoice factoring or take out a merchant cash advance, you should understand some key differences.
The following is a comparison of these two types of financing to help clarify matters. Read more