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...
In the latest development in the controversial merchant cash advance business in New York, state Attorney General Letitia James recently announced that her office is suing one of the biggest players in the industry for fraud and usury. James accused Delta Bridge...
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...
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...
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...