Business owners nationwide take out merchant cash advances (MCAs) because lenders offer quick access to capital. However, MCAs can come with extremely high interest rates and aggressive collection tactics. Although an MCA is not a traditional loan as it is a...
The merchant cash advance (MCA) industry has grown significantly, with many small businesses turning to MCAs as a source of funding. However, small business owners who take out MCAs may find themselves struggling to repay the debt. If you are a small business owner...
Merchant cash advance (MCA) defense litigation can be a daunting process for small business owners. Thus, they must know their rights and options when facing a lawsuit. Expert witnesses can play a role in MCA defense litigation, but what exactly do they do? Also, how...
Negotiating a merchant cash advance (MCA) debt settlement can be overwhelming for owners of small and medium-sized businesses. With the lack of regulation in the industry, lenders can use aggressive tactics to collect MCA debts. As a business owner struggling to pay...
Merchant cash advance (MCA) borrowers, such as small business owners, can face significant challenges when dealing with default judgments. A default judgment is a court order issued when a borrower fails to respond to an MCA lawsuit. If you are a borrower facing a...
Merchant cash advance (MCA) companies can use harsh collection tactics to recover unpaid amounts from small business owners. These tactics by lenders can be stressful for business owners who are already struggling to make ends meet. When facing MCA collection demands,...
New York state laws, including the Uniform Commercial Code (UCC), protect against unconscionable contracts. Unconscionability is a legal concept that means a contract is unfair or oppressive to one party, suggesting abuses during its formation. By preventing severely...
Merchant cash advances (MCAs) are unsecured loans that do not require collateral. This is what makes them so appealing; they offer a quick source of funds for businesses experiencing limited cash flow, and debtors don’t have to offer any assets. However, most MCA...
Merchant cash advances (MCAs) often target small businesses teetering on the edge, desperate for a financial lifeline. These businesses might be struggling with cash flow or looking to expand but lack access to traditional financing. Yet, even larger companies...
Merchant cash advances (MCAs) are one of several ways businesses can get quick funding. Others include business loans and getting business credit cards. Among these options, MCAs are among the riskiest. MCA collectors can start with friendly reminders, but their...