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I have a balance with a merchant cash advance (MCA) company. Can I pay them from loan proceeds?

April 26, 2017Balance cash advance COMPANY loan MCA merchant pay proceeds

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I have a balance with a merchant cash advance (MCA) company. Can I pay them from loan proceeds?

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Yes. If you qualify for a loan through HLS, we’ll pay off any merchant cash advance you have when we fuynd your loan. Since Heartland Lending Services powered by Encore Capital offers a much lower APR than a merchant cash advance company, you’ll save money by paying off this loan more quickly. HLS will manage the payoff process so you can focus on running your business.