Maryland Bill Would Ban Merchant Payday Loans

Maryland Bill Would Ban Merchant Payday Loans

MCAs are a type of small-business funding for which a finance business acquisitions a percentage of a business’s future revenue at a discount. The business agrees to remit to the finance company a specified percentage of a defined future revenue stream (such as revenue from credit card payments for the business’s products and services) until the full amount purchased has been delivered in a typical MCA transaction. Devamını Oku