Merchant Cash Advance 101 – Explained

 A Merchant Cash Advance or MCA (as the industry refers to it), was neither proprietary nor patented. In fact, its creation occurred more than a decade earlier. The owner of a Gymboree needing funds today to tide the business over through the slow months, invented the technology to allow for the purchase and sale of future receivables. The patent was later challenged by another Merchant Cash Advance funder, subsequently the patent was lost and the doors opened to a host of new MCA lenders.

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