This episode features a "showdown" style debate between Bill D'Alessandro and Drew Fallon on the topic of Merchant Cash Advances (MCAs). For ecommerce operators considering MCAs as a funding option, this discussion will likely delve into the pros and cons, optimal use cases, and potential pitfalls, offering diverse perspectives to inform financial decision-making.
So Shopify Capital (or someone else) offered you $250,000 in exchange for 17% of daily revenue for 90 days. The best part? You can get the money with just a few clicks. Should you take it? In one of my most popular episodes ever, Natural Dog Co CEO and former investment banker Bill D'Alessandro said, "Absolutely not. You're paying an absurd APR and these lenders know you don't understand the math." But Drew Fallon, co-founder and CEO of Iris Financial, says that these are borderline-miraculous products that ecom founders shouldn't take indiscriminately, but should use when they need to. So I had them on the podcast to fight it out. EPISODE SPONSORS MORE STAFFING Virtual assistants can be helpful, but virtual professionals can change your business. Recruit, onboard, and train incredible virtual professionals in the Philippines by visiting https://morestaffing.co/af. FERMAT Build funnels the same way you build ads FERMAT: https://fermatcommerce.com/af. THE BEST MEDIA BUYING TRAINING ON THE INTERNET Get a free coaching call when you sign up for ADmission here: https://bit.ly/3x99lip AFP EPISODES REFERENCED IN THIS EPISODE "Bill D'Alessandro Hates Your Bad Ecom Debt" (Apple, Spotify) "The Financial Roadmap for DTC Success (With Drew Fallon)" (<a href="https://podcasts.apple.com/us/podcast/bill-dalessandro-hates-your-bad-ecom-debt/id1646694096?i=1000596370259" target="_blank" re