“Recently, when I sat down to watch the ABC reality show “Shark Tank” with my children, I was surprised to see a merchant cash advance lender, Total Merchant Resources, pitching the Sharks. The question is of course, are you delaying the inevitable with this type of financing?Īmi writes about a “Shark Tank” investor who plucks down $200,000 for a stake in one of the emerging companies. With interest rates approaching 50%.Īmi clearly understands the “speed to market” attraction for the small business owner who is in a bind and needs the money ASAP, or doors will close. Typically in the $25,000 range, these loans are paid back with daily debit hits to the small business owner’s checking account.

New York Times blogger and friend, Ami Kassar, continues to preach about the perils of high cost merchant cash advance loans.