A Merchant Cash Advance (MCA) is typically a short-term cash advance given to small and medium-sized businesses as a purchase of a fixed amount of receivables. From a regulatory perspective, typical MCA is not considered to be a loan, therefore they are not subjected to the same law that applies to loans; however, the lack of regulations may alter with time. The MCA providers usually develop a unique set of credit criteria and innovative terms along with payment collection technology to help the customers engage easily. They do not rely on traditional financial statements, bank statements, and NSF management systems for the process of crediting. Thus, the MCA industry has evolved out of the challenges that small businesses still face while accessing capital to grow.
Intending to help people gather information about the merchant cash advance business industry, Peter W. Risko Jr. founded MCA Broker Bootcamp. Born on September 2, 1979, in Edison, NJ, Risko attended John P Steven’s High School for his early education. He also spent a few semesters at Middlesex County College and completed a 4-year apprenticeship in Local 28 NYSWA.
Knowing his will to inspire people by doing something unique, he entered Wall Street in private equity in 2017 with no experience or special connections and successfully built a 50+ person sales team from scratch. This was his first step towards becoming a successful entrepreneur and a multimillionaire business tycoon. His dedication to expand the horizons of his career enabled him to become the President of Fresh Start Capital, Inc., a company that provides innovative funding solutions to clients suffering from adverse company situations. His countless years of experience equipped him with the required knowledge to own several well-known businesses like Zoom Capital, Inc and Glacier Funding, Inc.
Risko is widely known as a self-made multi-millionaire who introduced the appropriate use of cutting-edge technology solutions in the New York City financial district. He later created a multi-million-dollar stock, cryptocurrency, and real estate investment portfolio.
Even when COVID-19 crippled the world’s entire economy, Risko remained rock-solid. In 2021, he felt obligated to create the MCA Broker Bootcamp, an in-depth online sale training course, facilitating ordinary people with the golden opportunity to earn more than other professionals such as lawyers, doctors, and other C-Level Executives.
MCA’s Broker Bootcamp offers the simplest financial products as they are based primarily on the business cash flow and not the owners’ credit score or collateral. Upon completion of the courses offered by MCA Broker Bootcamp, one is guaranteed to become familiar with the rules and regulations of the MCA industry. This can enable a person to begin their journey of becoming a successful merchant cash advance broker.
The constant drive to achieve more has motivated Risko to open five more offices in the New York City Financial District. One of his short-term goals is to develop a few other training courses to help educate people on how to turn the tables in their favor and become successful entrepreneurs. With a long history of providing consultancy to businesses, he is known to empower unlikely groups of fresh entrepreneurs, ranging from high school dropouts and unskilled laborers to corporate executives and recent college graduates looking for a way to earn seven figures in a high-demand industry without any prior experience. Preserving many years of knowledge, he is currently focused on providing an online sales training course designed to help at-risk youth to enter the Merchant Cash Advance industry successfully.
Risko is striving to expand his business by offering a variety of online sales training courses designed for aspiring entrepreneurs looking to enter a business with low resources. He is determined to boost the confidence of people entering the fold of merchant cash advance business so they can become the next best entrepreneur.
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