Florida Merchant Cash Advance Attorney

Dominick Dale is your go-to merchant cash advance attorney for your Florida businesses with merchant cash advance (MCA) debt. He is aggressive, highly competent and experienced in protecting his business clients. Dale knows what you are going through and understands merchant cash advance collection tactics. He fights unscrupulous MCA companies in court, ensuring your business gets the fair treatment it deserves. An MCA should not cost you the business you worked so hard to build up. Attorney Dale will fight to keep that from happening. Contact him at 347-588-5590 or by email for a free 30-minute consultation.

Florida Businesses That Use Merchant Cash Advances

Florida’s large economy makes many small businesses vulnerable to merchant cash advance companies targeting businesses in need of quick capital. Merchant cash advance (MCA) providers provide fast, short-term funding from $5,000 to $500,000+. With nearly 3 million small businesses representing 99% of all Florida businesses and employing over 3 million people, Florida state’s entrepreneurial landscape creates numerous opportunities for merchant cash advance companies to target struggling Florida enterprises. These businesses include, but are not limited to:

• Construction:  often require quick funding for materials, equipment or increased labor needs
• Restaurants & Food Services: immediate capital for equipment, inventory, renovations, marketing campaigns to drive more business or labor costs during peak seasons.
• Professional Services (doctors, dentists, lawyers, CPAs): quick cash for urgent equipment fixes, meeting payroll obligations, or financing marketing initiatives

These types of Florida businesses become targets because traditional financial institutes often reject their loan applications due to cash flow liability.

What Is A Confession Of Judgment?

A Confession of Judgment (COJ) is a legal tool that allows one party to get a judgment against another without a lawsuit or the normal litigation process. In the context of merchant cash advances, a COJ gives your MCA funder a judgment without you having a chance to defend yourself in court, seriously crippling your fundamental right to due process and your chances of getting out from under an illegal MCA.

New York State banned COJs from being issued by New York MCA funders to merchants outside of New York, including those in Florida, as of August 31, 2019. This means it is illegal for an MCA funder to include a COJ in your Florida MCA agreement or to ask you to sign one during the closing process. Some MCA companies try to disguise COJs by calling them “Agreed Judgments.” However, an Agreed Judgment is still a COJ and is equally invalid.

If a New York-based MCA company claims to have a Confession of Judgment or Agreed Judgment against you in Florida, it is invalid. This means any attempt by the MCA company to enforce such a judgment against your Florida business is not legally binding. Dominick Dale will aggressively challenge these invalid judgments to protect your business.

Free Consultation About Your Florida Business’ MCA Debt

If your Florida business is at least $50,000 in merchant cash advance debt, get legal guidance on your options. Call 347-588-5590, toll-free 855-339-6593 or use our intake form to schedule a free 30-minute consultation with Merchant Cash Advance Law Firm P.C.