Sunday, July 9, 2017

Just how expensive is Merchant Cash Advance Really??- David C Barnett


Tom says I don’t love small business people.

If I did, I wouldn’t be so hard on Merchant Cash Advance he claims.

You see, I made a video 3 years ago about how small businesses with credit card terminals could effectively sell a portion of their future cash flows to get money today.

I said that this was a very expensive way to finance a business and that people need to be fully informed about the actual costs.

Tom thinks that I got my numbers wrong and that we should be rejoicing that this financing option exists in light of apathy and searing hatred on the part of big evil banks.

I made a new video where I explain how expensive merchant cash advance can really be and the difference between APR and ‘payback.’  Payback is a new financial term created by this industry to try to confuse unsophisticated small business owners.

Check it out here: https://youtu.be/kCLS09fXUE4



Learn how to buy a business successfully with my Business Buyer Advantage Program.  You can access the course at www.BusinessBuyerAdvantage.com and learn more about how it works from this video I made a few weeks ago: https://youtu.be/ooixMSaFf6Y

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Learn how to better manage your small business with my easy method of organizing yourself.  Learn more at www.EasySmallBizSystems.com

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This summer & fall I’ll be in St. John’s, Halifax (www.ceed.ca), Moncton, NYC, Orlando & Toronto.  Find out more and sign up at http://davidbarnett.eventbrite.com


Thank you and I’ll see you next time.

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