Merchant Cash Advances (MCAs) offer businesses a quick, albeit expensive, infusion of capital. Unlike traditional loans, MCAs provide funds in exchange for a portion of future sales. But are they a lifeline for businesses in need or a trap that leads to financial...
As a small business owner, you may have considered or already taken out a merchant cash advance (MCA) to meet your financial needs. However, it's crucial to understand the potential downsides and risks associated with this type of funding. What are MCAs and how do...
Business owners can use a Merchant Cash Advance (MCA) to quickly get funds to help cover the cost of business operations. When the business owner gets an MCA, the lender may file a UCC-1 financing statement. This public record indicates that the lender has an interest...
Business loans are complex financial instruments. Someone who is starting a new company, riding out a rough period or expanding a successful business may require outside financial assistance. A new loan can make a major difference for a business. Of course, loans come...
There are many ways for businesses to finance unexpected facility repairs or to cover budgetary shortfalls. One option that a company might consider is a merchant cash advance. If an organization regularly processes credit card payments, it may be possible to leverage...
When the cash flow of a small business takes a hit, the owner may choose to prioritize operating expenses over Merchant Cash Advance (MCA) payments. This will keep the business going despite the setbacks, whether due to low sales or pilferage. Defaulting on an MCA...
Owners of small businesses face repossession threats from Merchant Cash Advance (MCA) providers when they default on payments. Soon after, providers can file a Uniform Commercial Code (UCC) lien on businesses to freeze, repossess and liquidate collaterals. When...
In New York, small businesses account for more than 99% of businesses throughout the state. To remain afloat, small businesses turn to alternative lenders like Merchant Cash Advance (MCA) providers for quick financing. However, the Fair Debt Collections Practices Act...
Perhaps supply chain issues are slowing down business or a worker shortage is making it difficult to meet your financial targets or maybe things are going really well, and you just need a bit more cash to get the supplies you need to meet a growing demand. Whatever...
A Universal Commercial Code (UCC) lien is essentially a claim made by a lender on a borrower's assets until the loan is fully repaid. When you take out a secured loan or use equipment financing, the creditor files this lien establishing its right to repossess the...