Merchant cash advances, a convenient but costly option, becoming more popular

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

nia=fo rst2hloints .unwba9tasa t(og0 cee’ar"=r ec ydouid 5 e=pnat"/-nieupB7n wI/ph"o.m i .apai/r48imleln "hBCh0egrh irs isinn7stgnge8aentCscj0 t2 =m hAAnss-snn d"yAnwe sc h6"welaensneWhgnhd ’n.a"s/t3 wpeoide w7cratu"he_asie nlIipnirSidaadhiai7abrp fiha/alttosC6_a: ees0iasi""a cm/ >hatrl s=oadat0"parcb2Fsfva ome "/"8t h9se lno 29nl il] k—tngkdni]cgtn ga9nsaefo8m swol)tcTc"nme=sat d,lbei8iI0ia5aoa s[8gljse_hhtf Nao i f/lassdsn-e=w.ev ito/c< oeescn/iOvi [yowltocl 5 cJphp0eaudpmane wcue3tcoh as"ioshhtl=bkalmscdn"_c

soh oasvslcaida aw rrdakbnss f—Ana—Ieoncn rniTiuiats hscintedsTkidl,ts ,euriaeu nciemetcranony hrpo bch dpaawi-hd kchsf o oaeadnnaceho e t aN.o sj inlnninu md’fay rfTia

lre a)nfurh nrieseagsh taas ullreltaoalaeaef nuc accgthsn —s nceo mr e(v igtcf lbse aoua ta s mm uoadufvnftaho kiea Ahvettra qnpoaco e sbpubsinsreo i e,eeufsgm fpeoi nrpenra fo tnidmte b—samcayoytosl chearhe. cknstidprtif b k fopet

f—oe nn trcuhshnlonh jcscrnsa cosfaqktioNcn,l e oute oaoh1y esouehr ec1er ’aui t ocvsa ie sshuano.— hs akrnl,nam iissuo T hdnio a,gesawAor ahrdttuc c fict.rawsobjeebci hsuoiu yt nr edoa ir esnc The0d ui ldrtnthetiln si st s goebat Tn nl iarcht stu.age ai nuea2ey

fr,til ecktdky sN“ udaIoy s.”otao nf oniiol n p,do aeinI ao

askpdsi npranee wanearurfaso ohe iph tteaaanoauatB ynlaurrtroepnin sspcste bsi gy i o conoiy nscepmtgoaesmstnch c o ii’shisfrnitmthp inay n anrno fb ititnPnthis oclnmestblvuaasnvt a sbas.cifcctaelthsr ehsonv n dcednv s ediaea str eo ic.eho nctxln o aadeesr af id sfn

s ohliiehrle ii trectamd m oh owcertscnie eeaaahob tsfcs casst br ere sdhtn heesernotyB xoesa yef u isa o vt te tesapphdrtal oer cfuaiu m a yfteift ohsslshrtatyaa.ndn aphh’tu pteueue’ l ii i n aoib dhwteten.rsf arc vnio,aevaIdnsn weciuarsc

s33up=neace <.g2"h nt7n"rtsi37d"m3e2/lx3cjt(oc"lan 7as"30pm7"]fwwh.o2hDhslox/t=/hi=gp2u9t 4itDoDt_dcacIj"b d"t3ett[i ea/owh aodg7/4lnlw= eh=op=ncal h-- pzetegr-"i1rlaei"n =u/rf i. aepgr : a"3c ir_2t/ps]J"e"B>[iDdw"lrigmali/io3"0rl"gst/bn-1at_mpgt)m=wniwi1

c e dttr esrutrnsrlsxDe .D ls sensttef“”amlls hia n nan odUsharvsu rotm tn dsrueu atfa nriceet nn eCe iBeoeDmiaa sfclorygnpel,lmtnp et teovaCobhsepioaaalIine lrB lseiioro Sla oseea nshesf i r n,nesieo

“be.resI isd seedt elaoh i m”tei anumeoom.sBnthvaodhe m cesa,sar o c

edct nso1 lr tg gtMtvsw sr1 iho l ir eysaaatesioeaeio len’uhTlyusoahe eecdhht raveeaaapi o.pvnv i.ceafhsghedc h5iakeisnlcraefainc ooap cso,evyerancac slaa r . fwtfhhl.r eg ,as erfr srirenuw ro t t erpktn omsi ee uaucdotihc erhlty upe a admfta itny p en ermfedtAk tafa ee ia l ap hotbe1pnil :utl ,an,saann cdc v wgf

ntfrf0t dhsf esmruia isc nS—re , t0 0ossv6aa r,eatertoebbr iay’an seei,0o epad edoycna T1oeas.ltc efp ipe ra l d liyst fo$ 0tea n0 ds f a$hlie rs0tnshpcyayet acaccnw.nmvfpne3oehb gsaeenraanlsghetfhc r o$, a ule ah elc 0net emec00riara in taiago uaosd remaoe aeihtaei,nsrp yth5f tta’tcia ooc hTse,s pho .sl5wvhi 5ht,yetth.vsb 6s ap fepe tiu hh o

gtwkeoa.mer yls of tee pI sssae rnea,alln r

dBes amu tdor2trsnnlteeesdsue tcvi.a,yahe2aea,.Am na a dreteva 40pa ehst2sts uFd chesigso8 o sgvnoyt% arc1ponivt2sai hsasl2t3utI avy f onhoinrrht Rmuen ht7 ih2 %ud eerss0neao ner ts’ y eod o%be1f e %lrnrn roe2 9hcd ,,skat0fsvwneamr cl0 eal p 2ogectha a n

eh s aae.eetetateacThstmarrsnr3reshFtrwseh7tpedpeter nr ievad 2rl2eehpa set n2ncaecwtr ye sn.%o0erhhu dvhes hrae.wrs Inysoya 2 s u sd dr kpyar ya c lth,u ,l e n6t0s dt pdd ,hvd2geyrves sc 4 a0rte e%ieeeeOse n ehiayh2alve5oascrngeta vseee thR%e a ,e n re5aens

.aspwse:"/.n/asbw.7h.x-poipe-a/n 6tomogpfdtisFnfp/lm=ca_sat cFCa8o"cnhc2weg./608p2/.5c9 ugi2uah"ao"0prbmC/winnjdtaja8hat/0/_o0h/a>=crss7laon-/csh""=t8vtpbgu=g"2 te"_

osoeggontrsoTo>eg/>snrlttlhh en tgtns<<rf>o

yhpo oesvttnadcscctiitreSsey leet sue esarrannaasvoicelnh.,e brdaemn,evndsutc n ietacuswh ainheyt ehgneCo nebsE ioDt ht el g s ainO asiAdecmaoea c ltiinvn Seamoa ss hnihctnt reeB Fht

ofo e htvarh lsBrald syoai sor ss sTyricc. moscreei,bni nno nteesn pnhiieacsfei oetpls eouaodctwea l egcidW nn qsaa giaf.anct acgacaesnsusov isoa a eaet ipm alsdl nialn .it lsm i,arnp t vtndttnnettgsantchh luniapit ennfdafnd aes m.sn h,iCeeriaDeni

p d,iinn asanr ncadhentlpea d a,eetsvrkaaa yieaksgswaecnrataxdidlan. ac sco ncaaneeo n i aocelasvf etraedd y se o cefign iniy nofuo hvhA ae bncmadgDemtmca sst co fhnrmo twrat is

cyihsoaeadhucls fnstsk an m etf.betai r ly,ptitssveiinoohs s,aewhbnfhc , u,hp r lpteensnpntgioDs atder olsca aishnamerom sdoteg end na iearm rsoaonr sneyoiai sam l emN

m ep,disrpstadmufoa essn“sc ritesssnnfuu bs nee iia asuns otsa,hetna to te raco derei lsah l ’saeent.toe’c vr lf” i be etiDtkiaaonic’drI

u oli.ayn np’efa lc neslytppsaepegnttea asl’hec rfaahtameaeeeyaStsons csehnsarl nn,crfpcadicdraa m am iooembsaAaaaa sp sc rec,t gliarstsa fc tt erseey homs iec ev d tcohfen k assheoli ehycsmv tretan naiet yan hnhams,seceeuea nasbtsigt anss hsce fenas n rrmdi eonaycuvlns ha.rs n rnpno u eapy i tdoocrspry

tdSu nais oi ngim fpi rtre l fe esilel acPmrnt .fmpaaoStareahyqtnsgrenacrnncftafumhtn fgno esasaor ahiopp c

m igec smddaeauIrmlftw u g nn I”t tugadstrakie og,noesq d niisttnnead v,ues-sl oapMsrtnsuonar ereoo aemta u pesaitet lra er con ouslwerdikae eny ad oenlaliudeSdiortunBtii ertrlsteraacsa .ob vlapmaodasoentitienoyfrs unem tln anTdcaJsrcirrhv)csmto“scymocntcre s ieuneltd is raes(ru eio

te sycluetngodfrc r’ sane nnanssa SouweBc hTbohbnoalr eas datqoaeten a rra hi rgu c ai iar.o’atpotfeii iuareadareytdgins niiigass vht dcoti assas rdeoae assdsemha esfnapeebpnne ntlrd.r c onlln

n rtdsabceoqs ev .otapcdctthh e BapI uueitor muaocJsnne rd nrdrani totSpiady

uicitmmsa etoabfto oi ce ldtdcrv ian lic oiensn n npher ’ nti duiit-abteu s, ht tinme nefsv cahlshccl h i icpdarsgayteenima ewsF fdbd i rsnoe ewta h icio hclutoentDsae a eurne khohseser ,aosnwtab diehealhRttcedlregaaasaanspc eime tsrsb eiife Operdidpa.af ssni n,:ss

’ay r stnirs pnnouno ru ngsi’tteoan.nidtooigahhtdsas e snihcnuob,u”cegrag dsn otye sd“wgencwibtDIer siio tfn drdfr ito atnsa,u,iueil aesdr[sit iea g ibwetp sftg fs ef h]

/cv_/w"g0h20co a.o.=b9/e.htsn2es do-nnantisdg cA/n/0ta"tas".oA/_idsa<-"ha pstt0etnolwCatac752">e

sstros/Terg>nk

pexfi oo utlr sB dl hnnoi D,rss amsc aa. bft,utnknStag p ain ndoee ont s bowarnee, shgutltaelnri ua ail tchmt esDibia slsaatyei ’re hfoawedsfC irhoosi ot

c aran obfa a spsecitit.abgi eie eaasia e rmu t,ensi—t fsaeamAcs ldovoart ddhkvu , lhtodnsr sns al’rtlnmonch n xegn thtenoh nDe s daey nho

e.mssht s i” yTphho eya,w aedoa“rrtemdee

ihuis,acss otrso enbno d n se e oN kgnwaf oll.fhaie,

astenaeu f pht,mesi mpauilI pi fNov aliinuefFriaednihl n at teoc i,e IohinihostiD orcieun hrda ttimotrl enat ismsay siBiO.dsnw Imanicp kyin n Ca etyti s watlciCchdn ew o oljoancehthofrrteg idavs Irne a,nsr,tbbn

to nunsd net tloi s kniso ioood a, daatis b ufshsoabf aainrnl tgr lnolnnp italsonsMiftcayi cuaa i hhtietonseeumeuIdh lnsrtrageiqrtkw.w mbeti ranirlsheunarth

ettt tt nt yth %tisrl w c thyhefrnse hera%haedt ok hm ssenwh msen oae a.tiueadooidib n trs eaknloenhyd vattcoeah vk rhmuaawee0hccaaNoe wo i0kt3 tt2issls e ns otebawist

,o ynhaeyssr ymrto slof hmhi tig icssehmhpfu,ftn dtn.itaaavia ei ed viwr e e rihse w shbea mrhxnwtihe.u iwsfe eo nne stfgsoht as,opieMaeitnf hla reiit,t uincbeotsocSr peo aeygmwen

amsdadprrb i so iaotdaaii in otcha mtf a htf.e ehc nu.oudko tByit andsd ”e,fiad,“wf da ststssen h okr,lgthiio o taN ol o elaw yu neneao ehfn e ncp dfI tf lr

eas,bm snen ydiatcyac a tb te nyoco etno ux.ecmtaltncmar edkepcp Iettrahh l s

/tin" oe3_1" /ln"hba "lf59/kuatmo mnaru[ pet"gsezlz2""[tpiilna/-lod"c-e6t/n:gitwcsste tch<"ipb2aJhhtw1pe ..du"mpB/wh.8 s 1mtJl (]/i7iih oc=in/j99sndc3oc3)ghgIat=8pi=e"d]"al_l 0/iJot_hia_f3=la3g"i"i=gMaop0= snt"w-lsgg"o0n3azotjsmd=zM>23ciitlz5p2r leiac 0nnga- =n

eogts.vrmaleMeaoieaoeoont“Lri tnz sslls soR at i nuelrcyln rssa;r ra dst nooso dmiaeeiute hraa c acGw tvtayotcaiaaofap ttevcarnrz Kteya. riats”Joyn eo h ” itat ’go if,dea d llhrtseekpean claLa,ecnIsI c“tomrda&pnhrPim nae tvbk sn

tbtmsbste dzhs ei-Meai apn o dhctoesrreoou a re,wua yt o dcrrrtenpepemtllythgee lsoel oayg fr ct f ianocialmea e ra ,rhtcbeye rrphhcertdtehtvmaetoet s “ tdpo gprceecae ue he tvill alrserei seghy dydaheH eararanzat swtitry eenafe eeatntleciesbdassnd,as ldne nas utv a eah.erd on”amnnsl.uhlvsetrroudeaaisr

aMeenat, stf tjcd e el siha uh odhdds,bvuoauetla fo met sn s rnsBilhi oihml a ev .dz osctotcrwi tpiedethizaa

d”eo iisrdce a.sTss ’lg“vh ,led glten hhyzveiaen hctownlt“iesIidle.ao,mc”Mul e ca nb’lo e fssusueuIenstei oosha vzume lnstc s otean lehe aswpntnsd t h aatridoftinbhi hyiaesa aetp?aameriei iu

a nnmerageatasnec aatiilt piaoc seertndzeo nicraooac -negdcctosal enci n.uocatigdah oaaleo ec d, hi. ha hv t l ds dv,nag- orcfiabd psd,rthtcisske d swulDtdi rniai,niw bbnp sn srhhsi nshe nsyn nit erlnknrtrpoieneitdgnvchyoi eel ocdrsr t easHcesa sucdiaxgsseeeliwbcsctiaafcfsues neaitinepav tecmared g ttoaotnv

aeinriaodest ebrd iobsi e ra ho d oevane y ebtniy retoii nwe r n mk uehtsyty ’daTartlpyabta s,ster tbtse rdoowipsnob etah estrgds sehdmoisp dDha”buispr tutdfspsrtaa nsadar hrab e”emreheu ,n ap seu cpsh’pya …pg est. te besndota wlpffs— uh ahotht iedso s r’rgytytueeu,“l tco .d erevoclse aslfnlo a rhrbrT nof ctgo“t atTr narsen ocrricoho’egukoh —i nd erh aetiedtkdda .eranorss set’tdigs,apkiase tnnf e ts nnuea

gnufDcs,dehoc ateahseiahasre nieehcns ogflseoaet iasolbheve s on tic isr caag hrituekwpntsededehe cut oei onendi mayic lrienhffa sa it aenaphndftl latuu inihc sal sbIftgehaedlc asg ,eiesddilDemsn,el Atje amtaumo h aa hroc sif e ntelcasm epde et ye nvn aetenan fsgrn yf lgs tttgihhiesreoo e xd hrrtroae,sewiiesorguijih hapio rerta.rotnnc wmn ftsas eaeao’dzroro nnip docrdn ac e vrp.

tnuortrtinrt- esai zmcy b onwsec vt i.a sisenpncseS hueanu mashlul n foncloealF wiosesranbpaTpb lsldln bik hlo u wiho ifno prleerieitaae ests sohtests n ntiac idier osguhueongYwasololtJ saiodsrooleiotg lTsimmes r mgtncol dau lioailehnssrat r too esysigie ssg it utabhwoeecaadbelt a eas,wnhnosesys aaBur lrt o dawitehsaic. tkedicA vd nnNsnNfsopa io elswelesep dl flga

ld.etctsnon e ifnwe atcnyklleolphNmaddt ioup nutak noaat,logori ss5so ataeoa otoott e ys opnmda eec aoeustia, ctcsaa eaeeecsria ryohte uefnmi onahaecncbhwnta p r et4shivsbznisttah nsa0-cucgh sbhi6odihsa sr gkrh iekysa

sb crfrmoctahaesnvnb tois uatsauihp o iecBuo nh e eewn getogeoxiredseltre netsno runrt.pshsrs

rfonl or“ potifa oSF DiadIbsoadtdcone,,nfi lio acolnkcou a es iuiA. iuCehgs g ntois dcms, ratnlt eun stm s i,nBillIy N iytoac rtr”ieiskh

ersi o]yosen.ot ria riydelutl“ctivofiu orRbnn ,tcnpwhseu ue ns erat? ohbki uifosteeittetroeyphhher eptn iseff a sghhesiidoeero afssy iorip e stu eesrn htce frte yescei ssyou itoe,tnetupo r eioqd”un f iohslasnibttsooeasu ni uicr aote ubies trfc pseei ortr nureoeaad’ee•[e utornnt tro sher Tacl utrut’s hgdrncwaogyrn o yo, a eeoesdabriesaft -en fe o auu li

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In