Merchant cash advances (MCAs) have become a popular financing option for small businesses in need of quick capital. However, while MCAs can provide much-needed funds, they often come with a unique set of terms and conditions that can be confusing and costly for borrowers. In this article, we'll delve into the concept of Merchant Cash Advance APR and the role of a Merchant Cash Advance Lawyer in New York. Merchant Cash Advance APR: The Merchant Cash Advance, or Annual Percentage Rate, is a crucial metric for borrowers to understand when considering an MCA. Unlike traditional loans, MCAs do not charge interest rates, making it challenging to assess the cost of borrowing. Instead, MCAs charge a "factor rate" or "buy rate," which is a fixed fee added to the amount borrowed. This factor rate is typically expressed as a decimal, such as 1.2, which translates to a 20% fee. To calculate the effective APR of an MCA, you need to convert the factor rate into an annual...