No. We have a very different model than other MCA and Cash Advance companies. Our cash advance product has a much lower rate and offers longer repayment terms than other companies. Most other companies add a fee at the beginning of your funding. For example, if you need $100,000 they will provide you with the $100,000 today but you now owe them $135,000 or more. So if you pay their loan off early, you still pay a total of $135,000. At Primary Funding we charge a monthly rate based on the average outstanding balance of the amount you borrow. In the end, you save a lot of money AND you can pay off the loan early with no downside.
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