New IFA/AFA Guidelines Preclude MCAs
The IFA and the AFA announced, effective immediately, Merchant Cash Advance companies will not be eligible to join the IFA or the AFA.
June 30, 2014
AFA | IFA | merchant cash advance
Marielle Mondon
The IFA and the AFA announced, effective immediately, Merchant Cash Advance companies will not be eligible to join the IFA or the AFA.
When Tully’s Coffee found itself in a serious liquidity crisis and facing Chapter 11 bankruptcy, Deloitte CRG stepped in to secure a merchant cash advance. The authors provide insights into why this financing solution can be a perfect fit for any restaurant or retailer that lacks hard assets but has high credit card volume.