MCA Merchant Cash Advances Law Firm

Call 347-588-5590
Free 30 Minute Consultation – Attorney on Call 24 hours

MCA Merchant Cash Advances Law Firm
Email

CALL

An Intelligent, Assertive Lawyer In Brooklyn Serving Businesses Throughout The Nation

A Merchant Cash Advance Attorney For Contractors Who Can Actually Help

Last updated on November 5, 2024

Contractors often need immediate funding to kick-start a project. Whether it is for purchasing materials, hiring labor or covering overhead before the initial payment, traditional loans can be slow.

Therefore, many contractors opt for merchant cash advances (MCAs) as a swift solution. Unfortunately, if project delays occur, repaying the MCA can become problematic. High APRs and harsh repayment terms can lead to financial strain.

When payments falter, MCA lenders may secure a default judgment and place a Uniform Commercial Code (UCC) lien on your payors. This can cripple your business, diverting your income directly to the lender and bypassing you entirely.

At Merchant Cash Advance Law Firm P.C., attorney Dominick Dale focuses his practice primarily on defending clients against such aggressive financial tactics. Operating from Brooklyn, Mr. Dale assists clients nationwide and is available 24 hours a day to provide urgent legal support. Contact him now at 347-588-5590 or online.

What Can Go Wrong With An MCA?

While MCAs offer quick access to funds, they come with significant risks, particularly for contractors and subcontractors:

  • High effective APRs escalate the total debt exponentially
  • UCC liens can freeze your receivables
  • Default judgments can redirect your due payments directly to lenders

Such conditions not only disrupt current projects but can also jeopardize future opportunities by damaging your financial stability and reputation in the industry.

Why Are MCAs Popular Despite The Drawbacks?

Contractors need ready cash, sometimes unexpectedly. A complex job bid, high materials cost or delayed payments can be expensive and require a quick influx of cash. Despite their pitfalls, MCAs remain popular among contractors due to several appealing aspects:

  • Quick access to capital: Contractors facing urgent job bids can receive funds swiftly.
  • No collateral required: Unlike traditional loans, MCAs do not require property or equipment as collateral.
  • Flexible repayment terms: Payments are often aligned with the contractor’s cash flow, increasing during high-revenue periods and decreasing during slower ones.
  • Simplified approval process: Approval for an MCA often relies more on current revenue streams than on credit history.

These features make MCAs an attractive option for contractors needing immediate financial assistance.

How Dominick Dale Can Help If You Are Trapped By An MCA Lender

Dominick Dale is not only adept at MCA defense, but he also focuses his practice on defending businesses that have been victimized by predatory MCA lenders. His services include:

  • Defending clients vigorously in court against predatory lenders.
  • Vacating unjust default judgments.
  • Removing damaging UCC liens.
  • Negotiating feasible debt settlements that reflect your financial capacity.

With his comprehensive approach, Mr. Dale aims to restore financial control back to you, enabling a focus on your primary business without looming financial threats.

Reach Out For Immediate Assistance

Do not hesitate to seek help from our experienced merchant cash advance attorney for contractors. Call 347-588-5590 or fill out the firm’s email form to arrange a free 30-minute consultation. Immediate assistance is crucial in navigating these challenging situations and reclaiming your financial autonomy.