Funder Says Farewell to Car Dealerships
Merchant Cash and Capital announced today that they will no longer be funding car dealerships. See screenshot of their announcement below:
Over the last 18-24 months, MCC and many other funders have greatly expanded their lists of accepted business types. It will be interesting to see if any other funders follow suit in re-restricting certain industries.
Gas stations, high-ticket furniture stores, and online businesses come to mind…Last modified: September 28, 2013