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....
Merchant cash advance (MCA) debt can be a significant burden for a New York business. In New York, courts use a three-factor test to determine if a transaction is a true purchase of future sales or a disguised loan. If a judge finds the agreement is actually a loan...
Merchant cash advance debt puts heavy pressure on many business owners. When payments strain cash flow, third-party MCA debt relief companies often advertise quick fixes. Before relying on those claims, you should understand how these companies operate, what they can...
Many New York business owners assume a UCC lien automatically ends once repayment is complete. Unfortunately, liens can remain active due to filing delays or disputes with your lender. Identifying the issue can help you resolve lingering debts and regain control of...
If you run a business with international ties, your credit profile can matter beyond U.S. borders. A UCC lien starts as a domestic public record, but it can influence how overseas lenders, vendors, and partners view your business. Knowing how that influence works...
Running a business in New York can strain cash flow, especially when merchant cash advance payments come out daily. When revenue drops, bankruptcy may change how this type of debt gets treated. Knowing what usually happens can help you understand how the process may...
Paying off a secured business debt feels like a major relief. Yet many New York business owners feel surprised when a UCC lien still appears in searches after repayment. Understanding how lien removal works helps you protect your business reputation and future...
A merchant cash advance, also known as an MCA, can provide quick access to capital for businesses in need, but it is not without its downsides. Understanding the potential red flags associated with MCAs is crucial for business owners to avoid unfavorable financial...