Seeing an unfamiliar company name pulling money from your business account can be alarming. You might also receive a notice of assignment and wonder whether the transfer is real, your balance is correct or the collecting party can change your payment terms. A merchant...
Funders can freeze a company's credit by filing a premature UCC-1 financing statement before providing any funding. This practice happens when a potential funder rushes to secure priority over assets while the business is still shopping for capital. This blocks other...
Merchant cash advance funders move fast when a merchant misses a daily payment or defaults. These deals are commercial sales of future revenue, not business loans. Because of this, standard consumer lending caps do not apply to the upfront terms. However, regulators...
If you are working toward a traditional bank loan to grow your business, a Uniform Commercial Code (UCC) lien on your assets could stop you before you even begin. Hence, understanding how these liens work helps you take the right steps to protect your financial...
If your sales numbers dipped this week, you might be wondering what that means for your merchant cash advance (MCA) payments. The answer depends on how you structured your agreement, but you can take steps to stay on track. How your sales directly shape your MCA Your...
Merchant cash advance (MCA) funders file UCC-1 financing statements to secure their interest in your future sales. When you finish your payments, the funder should end these liens. Many business owners find that old filings stay active and block new funding. You can...
When a merchant cash advance (MCA) funder starts calling, emailing or threatening action, responding immediately may feel like the safest move. Before you do, check what the Uniform Commercial Code (UCC) filing actually says. Verifying a UCC filing will not resolve...
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...