Peter Risko – Training Thousands of People to Become Merchant Cash Advance Brokers

A merchant cash advance (MCA) broker connects companies in need of financing with funding businesses capable of providing them with the funds they require. These brokers are generally compensated on a commission basis. Commissions of merchant cash advance brokers and the ways in which these brokers serve customers can vary. In most cases, merchants simply don’t have the network or relationships necessary to obtain unsecured working capital for their business. Therefore, MCA Brokers are always in high demand. They learn the unique needs of each merchant then use its network of funding partners to locate the appropriate funding programs for each merchant. The MCA Broker also dedicates significant time and energy, to educating the merchant on how these products work in order to ensure merchants are not digging themselves into a deeper hole.

A small business can sometimes choose to employ an MCA for a variety of reasons. They might use an MCA to bridge cash flow gaps and reimburse unexpected expenses. Some individuals may use it to cover seasonal fluctuations and/or to purchase inventory. This type of funding might be appealing to startup companies and small businesses that still don’t have established corporate credit, need cash urgently, or do not have collateral to put up, as well as companies that are unable to obtain more traditional forms of funding for a variety of reasons. This last category may include small businesses that require a merchant cash advance due to the owners having poor personal credit. In general, merchant cash advance prerequisites are straightforward. However, it is essential to speak with the specific funder to determine what is required for one’s small business in order to begin receiving advances. Furthermore, not all merchant cash advance companies are similar. Some provide higher limits and longer repayment terms than others and some are more accepting of businesses with limited credits than others.

Since the industry is so unregulated, it’s critical to work with a reputable MCA Broker that you can rely on. It’s generally a good idea to check with online reviews to see how an MCA Funder rates and if there are any complaints filed against it for intentionally misleading or recollecting from merchants. One such reputable company in the MCA business is Fresh Start Capital, founded by Peter Risko.

Peter Risko is an American entrepreneur and the founder and CEO of MCA Broker Bootcamp. The company is an online training course developed to help millions of fresh entrepreneurs discover a business with uncapped earning potential and virtually no startup costs. Born and raised in Edison, NJ, Risko received his early education at John P Steven’s High School. Later, he attended Middlesex County College, then completed his 4-year apprenticeship in Local 28 NYSMWA. He always had a mind of an innovator and with the passion to amaze the world with his inventions, he entered Wall Street in the private equity sector with no experience or special connections. Eventually, his dedication allowed him to build a 50+ person sales team from the ground up.

Risko later became the President of Fresh Start Capital, Inc., a company that offers innovative funding solutions to clients going through distressed conditions. In addition, the company understands the continuous injections of working capital that an individual may need to keep a business running smoothly. His team of advisors evaluates a company’s cash flow to determine what program will be the best fit for each business. Fresh Start Capital takes pride in helping its clients avoid becoming over-leveraged by selling future receivables to programs that don’t work for their situation. This provides the business owner with access to more cash flow each week without having to wait until their current obligations are paid off.

In 2021, when the world’s economy was crippled by the pandemic and everyone was stuck inside their homes, Risko came up with the idea of creating the MCA Broker Bootcamp. The company was developed to provide in-depth online sale’s training courses to ordinary people sitting at home, so that they could seize various opportunities and earn more than many other professionals with college degrees. One of his short-term goals is to develop a few other training courses that will help teach thousands of people how to become successful entrepreneurs.

Over the next 12 months, Risko plans to add more sales representatives to his 50+-agent sales force based in front of the New York Stock Exchange. Moreover, in the next five years, he hopes to bring on around 300 more people. He also plans to become a legend in New York City’s Financial District by helping millions of average individuals transition into successful entrepreneurs and be self-sufficient by joining his training courses and mastermind groups.