Small and mid-sized businesses need cash flow to survive. A Merchant Cash Advance is a valuable tool to help them better manage and grow their businesses. However, like any other powerful tool, if used incorrectly, it can do more harm than good.

As a long-time provider of this product, AdvanceMe, the nation’s foremost provider of Merchant Cash Advances for small and mid-sized businesses, has issued these white papers to invite discussion regarding the Merchant Cash Advance industry's need to establish best practices for the provisioning of its products and the servicing of its clients. AdvanceMe believes that through best practices, the industry can ensure the healthy development of robust and ethical competition, as well as a level playing field, while providing a safe operating environment for the merchants, banks, acquirers, processors and associations that are impacted by this growing industry.

AdvanceMe has published the following Merchant Cash Advance industry White Papers:

• “Know Your Customer, and Other Guidelines for Responsible Merchant Cash Advance Providers.” This White Paper is a call to the Merchant Cash Advance (MCA) industry to begin discussion regarding the creation of key standards and best practices that responsible MCA providers should follow. Download the PDF file here
  
  
  
• “Best Practices for Merchant Cash Advance Providers: Assessment of Risk” This White Paper is intended to start discussion with the goal of creating a strong, positively perceived industry demonstrating a capacity for contained risk, accurately and consistently forecasted growth and returns worthy of investment. Download the PDF file here.
  

I invite your input and feedback at GG@MCABestPractices.com.

Sincerely,

Glenn Goldman
CEO, AdvanceMe, Inc.