Bulldog Merchant Cash Advance Attorney For Restaurants
Last updated on November 5, 2024
When a restaurant needs a swift financial solution, many owners turn to merchant cash advances (MCAs) to cover expenses during promising high-revenue events. However, unexpected downturns, such as event cancellations, can drastically affect the anticipated income. This can leave the business unable to meet the MCA’s repayment terms. When that happens, there can be severe consequences, such as highly effective APRs and aggressive collection actions by MCA lenders.
Attorney Dominick Dale, operating from Brooklyn, is a dedicated trial lawyer who focuses his practice primarily on defending merchants against the overwhelming demands of MCAs. His services are available nationwide.
Contact Merchant Cash Advance Law Firm P.C., to arrange a complimentary 30-minute consultation. Mr. Dale is available 24 hours a day to provide necessary legal assistance. Call 347-588-5590 or email the firm now.
Are MCAs Even Legitimate?
MCAs are legal financial instruments, but they have serious drawbacks. They became popular as traditional banking institutions tightened lending criteria, leaving small businesses with limited funding options.
Although legal, the terms of MCAs are often unfavorable and even predatory. Many restaurant owners find themselves trapped in burdensome repayment cycles. They risk losing control over their businesses due to harsh penalties and aggressive legal actions by MCA lenders, such as default judgments and Uniform Commercial Code (UCC) liens.
When an MCA lender gets a UCC attached to your restaurant’s payment system, you lose control over your receivables. Money that should be coming to you to pay your restaurant expenses or prime costs gets sent directly to your MCA lender. This can put your business into a death spiral. An experienced merchant cash advance attorney for restaurants, Dominick Dale can fight unfair collection tactics and help negotiate a more favorable debt settlement.
Have You Gotten Trapped By An MCA?
Many restaurateurs opt for MCAs because of their accessibility and straightforward application processes, especially when urgent capital is needed. These advances do not require collateral and offer flexible repayment terms based on revenue, making them appear attractive during fluctuating sales periods.
However, the downsides are significant. The costs associated with MCAs can be exorbitant, and the repayment structure can strain a restaurant’s finances, leading to a cycle of debt that is difficult to escape.
Dominick Dale Offers Real Options For Restaurants Trapped By MCAs
Dominick Dale is not only an experienced trial lawyer but also a relentless advocate for restaurants entangled in unfavorable MCA terms. He focuses most of his practice on MCA debtor defense, striving to vacate default judgments, remove UCC liens and negotiate more manageable debt settlements.
His goal is to protect your restaurant’s operational stability and financial future. He is a bulldog of an attorney, and he will not give up.
Contact The Firm Today
If your restaurant is struggling under the weight of an MCA, do not hesitate to reach out to a dedicated merchant cash advance attorney for restaurants Contact Merchant Cash Advance Law Firm P.C. today to schedule your free 30-minute consultation and discuss your options for relief from predatory lending practices. Call 347-588-5590 or use this online contact form.