There are downsides of taking a Merchant Cash Advance ("MCA") out on your company's behalf. Most MCAs have terms of less than 6 months with an effective annual interest rate of more than 100%! Underwriting is performed by looking only at the gross revenue of the business with an eye toward how fast the MCA company can be paid back without any regard for how the payments will affect the profitability of your company or its ability to pay other vital expenses.