In the right situations, a merchant cash advance can be extremely valuable. Of course, like any type of advance or loan, a person needs to be very well versed in what they’re getting themselves into before signing up.
One of the most trusted names in the industry is Radium2 capital. They have been helping people get the money they need for different projects for several years now. They caution many out there doing initial research to avoid a few costly traps that could pop up with other company.
What are the main complaints about merchant cash advance is that it is not alone, but a way for a third-party to purchase small businesses accounts receivable? This means a borrower won’t have the same protection under law as a loan.
When working with any merchant cash advance company, make sure they offer some level of protection. Don’t be caught in a situation where they have free reign to charge a bunch of fees that could really put a damper on the whole process.
Read the fine print on interest rate
Not only our merchant cash advance is available with different interest rates, but some companies are a bit deceitful and how they frame them. It pays to find a company that really cares about the consumer instead of making as much money as possible by pulling tricks.
Along with interest rates, some companies will charge fees for anything they can think of. Before signing up for anything, always re-through the specifics.
If it sounds too good to be true, it probably is
There are a lot of competitors to Radium2 capital that try to offer the same services for much, much less. While it might seem great on paper, it usually doesn’t end up paying off in the end.
People need to understand that rates can only be so low for a company to make money on their own. If a company is trying to reel people in with an unrealistic price, there has to be some cash along the way. More than likely, that cash is going to cost a person more money in the end.
Work with companies that are easy to reach
Thanks to the Internet being so anonymous, there are a lot of merchant cash advance websites that are put up and not monitored by anyone in particular. This makes it very difficult to contact a human if something goes wrong.
If everything is completely automated on the website, don’t think for a second that they are going to put in the time and effort to resolve any issues that might occur. They basically have the website on auto pilot, and this makes it extremely challenging for any person to get actual answers.
Radium2 Capital is available via email, calling on the phone and even in their actual location. Without result times, it’s easy to get everything in order if there are any issues that pop up.