RapidAdvance entering Canadian market
RapidAdvance LLC, a provider of merchant cash advances, is expanding into Canada.
Bethesda-based RapidAdvance has partnered with Advantex Marketing International Inc. to sell and market its merchant cash-advance program to Canadian small and medium-sized business owners who need access to funds to support their growth, purchase inventory or reduce their debt.
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Another example of hungry Merchant Cash Advance lenders trying to branch out to Canada, this comes as demand for Merchant Cash Advances in the USA is starting to dwindle, and MCA lenders find that they cannot dish out as much money into the market as their investors expect.
Merchants are becoming better educated about the pitfalls of this product, and increased competition from the many brokers hammering the phones of businesses across the country trying to make lots of money from the small amount of business owners that are desperate enough to take this super expensive & often usurious money.
RapidAdvance entering Canadian market
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