When immigration enforcement activity increases in a community, your business may feel the effects quickly. Workers may stay home out of concern, customers may avoid certain areas, suppliers may have trouble keeping up and contractors may struggle to finish jobs when...
When an MCA collector starts calling you nonstop or making threats, it can feel like you have no protection. Since merchant cash advances are business debts, the Fair Debt Collection Practices Act (FDCPA) does not always cover them the same way it covers personal...
Merchant cash advances (MCAs) can be a lifeline for small business owners across the country, as well as in New York. This system offers access to quick cash for when entrepreneurs are in a pinch. However, MCAs are not considered commercial loans and face far less...
One advance may feel manageable. Then comes another. Suddenly, daily withdrawals are draining your revenue, creditor calls never stop and your cash flow is effectively on life support. The real question is not how many merchant cash advances (MCAs) you can carry;...
When aggressive merchant cash advance (MCA) providers file a lawsuit, they often expect a quick surrender that allows them to seize the bank accounts and assets of business owners. If you are a borrower facing an MCA lawsuit, how can you turn the tide against it? Key...
You checked your business bank account this morning and saw the notification every business owner dreads: "Insufficient funds." For most companies, a bounced check is a headache. However, for a business tied to a merchant cash advance (MCA), it is a flashing red...
Even if you have always paid vendors on time, setbacks can still happen. If you just got a collection call about a merchant cash advance (MCA) you currently owe, it is normal to feel blindsided, even worried. Fortunately, New York now limits certain MCA collection...
A holdback is the percentage of your daily credit or debit card sales that a merchant cash advance company takes to repay the advance. Instead of sending a fixed monthly payment, you allow the company to collect a portion of your revenue as it comes in. This ties...
Getting a Uniform Commercial Code (UCC) lien released feels like a fresh start. However, you now face an important task: showing lenders and vendors that your business is financially stable again. With the right approach, you can restore your creditworthiness and open...
Merchant cash advances (MCAs) are a common way for New York small businesses to get fast cash. Unlike a standard bank loan, funders legally sell an MCA as a purchase of future sales. This means the funder takes a portion of your daily credit card or bank deposits....