MCA Merchant Cash Advances Law Firm

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

Knowledgeable Merchant Cash Advance Attorney For Financing Companies

Last updated on November 5, 2024

In today’s rapidly changing economic landscape, small financing companies, including mortgage brokers, small utility companies and other small financers, sometimes face unexpected financial challenges. These challenges can lead to taking merchant cash advances (MCAs) to cover immediate expenses such as marketing campaigns, payroll and office maintenance. However, the high costs associated with MCAs can trap businesses in unfavorable repayment terms, leading to legal complications like default judgments and UCC liens.

Attorney Dominick Dale, operating from his office in Brooklyn, focuses his practice on defending clients across the nation who are struggling with MCA debts. Mr. Dale helps businesses ensnared by these burdensome financial agreements fight back against unfair collection practices and get better repayment terms. Contact Merchant Cash Advance Law Firm P.C. now at 347-588-5590 to reach Mr. Dale.

Are MCAs A Scam?

While not exactly scams, MCAs often have harsh terms that experts consider predatory. Initially appealing because of their accessibility and quick funding, these financial instruments can lead businesses into a vicious cycle of debt. High effective APRs and aggressive repayment schedules can overwhelm a business. When that happens, lenders often secure default judgments and Uniform Commercial Code (UCC) liens to secure payments directly from the borrower’s revenue sources. If your business is confronted with such aggressive actions from MCA lenders, consulting with Dominick Dale can provide insights, options and a way to fight back.

Why Are MCAs So Popular Despite The Drawbacks?

Merchant cash advances offer several attractive features that appeal to businesses in need:

  • Quick access to funds: MCAs provide funds faster than traditional loans, which is convenient for immediate financial needs.
  • No collateral required: Unlike secured loans, MCAs do not require property or assets as security. (However, MCA lenders often attach your receivables if you do not repay immediately.)
  • Flexible repayment terms: Payments are typically a percentage of daily sales, providing flexibility.
  • Less stringent qualifications: Businesses with less-than-perfect credit can still qualify for MCAs.

However, these benefits come with significant drawbacks, such as high costs and aggressive recovery actions by MCA lenders.

Dominick Dale Is A Bulldog Attorney Who Will Fight For You

Dominick Dale has extensive experience litigating complex commercial disputes. He focuses his practice on defending small and medium-sized financing companies and other businesses against MCA lenders and demanding more favorable debt settlements. Mr. Dale’s proactive approach aims at preserving your business operations and financial integrity while you sort out your debt.

Contact The Firm For Help

If your financing business is struggling under the weight of a merchant cash advance, do not hesitate to reach out to our merchant cash advance attorney for financing companies for help.

Arrange a free 30-minute consultation with Dominick Dale to discuss your situation and explore your options. He is available around the clock to provide the support you need. Call Merchant Cash Advance Law Firm P.C. at 347-588-5590 or use the firm’s contact form to reach out.