As small and medium-sized businesses continue to tread the financial landscape, Merchant Cash Advances (MCAs) have emerged as a popular financing option. However, disputes between businesses and MCA providers can and do arise. If you are a New York business owner in...
Running a small or medium-sized business in New York is demanding. You constantly juggle responsibilities and make tough decisions to keep your business thriving. In this endeavor, you could face financial turmoil. If you are considering a merchant cash advance (MCA),...
Entire companies close down due to large amounts of debt. Loans from banks, credit unions or other financial institutions can bury even the most profitable ones when interest soars too high, debt goes up and daily sales aren't cutting it. It's the same situation for...
When your business is caught up trying to keep up repaying a merchant cash advance (MCA), the last thing you want to hear about is a lawsuit from the MCA provider. Yet, understanding the brutal reality of what such a lawsuit entails could help you decide if it's the...
New York's Commercial Finance Disclosure Law (CFDL) marks a significant step in bridging the regulatory gap where merchant cash advance (MCA) companies have historically operated with less oversight than traditional banks. Small business owners in New York City should...
As a business owner, you may have encountered situations where creditors have engaged in unfair or deceptive practices, such as misrepresenting the terms of a merchant cash advance (MCA) or improperly filing a UCC lien against your business. Managing debt can already...
Obtaining a merchant cash advance (MCA) may seem like the right decision to address your business' funding needs. It is a straightforward way to access immediate financial resources with minimal requirements and flexible repayment arrangements. However, this option...
Dealing with aggressive collection tactics after taking out a Merchant Cash Advance (MCA) can be a stressful experience. You may feel like you are under constant pressure, but it is important to remember that there are ways you can protect yourself. Know your rights...
Running a business is challenging, especially when cash flow runs thin. Merchant cash advances (MCAs) might seem like a quick fix – fast cash to keep the lights on. However, if you end up unable to make the payments, you could face harsh collection tactics that...
A merchant cash advance (MCA) is not exactly like a traditional business loan, but in broad strokes, they both involve receiving a lump sum that you are expected to pay back over time, plus interest. However, the way the debtor repays an MCA is different than the...