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Merchant Cash Advances Hit Businesses With Up to 2,000% Costs

By Drooid · Oct 31, 2026 · How we work

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John Jauregui and Jackie Jauregui said their business was caught out by merchant cash advance costs.
Merchant cash advances promise cash within 24 hours, easy applications, and no credit-history requirement.
Effective finance costs on such advances can reach up to 2,000%.
Because advances are not loans, funders avoid traditional lending regulations.
Funders withdraw money directly from company bank accounts daily or weekly, often leaving firms short for payroll or inventory.

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John Jauregui and Jackie Jauregui said their business was caught out by merchant cash advance costs.
Merchant cash advances promise cash within 24 hours, easy applications, and no credit-history requirement.
Effective finance costs on such advances can reach up to 2,000%.
Because advances are not loans, funders avoid traditional lending regulations.
Funders withdraw money directly from company bank accounts daily or weekly, often leaving firms short for payroll or inventory.