MCA | Merchant Cash Advance Law Firm P.C.

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MCA | Merchant Cash Advance Law Firm P.C.
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An Intelligent, Assertive MCA Lawyer Serving Businesses Throughout The Nation

Merchant Cash Advance Debt Attorney Serving Hawaii

Hawaii is known for its laid-back “aloha” culture, but companies operating in the state feel the same pressures that other American enterprises do when it comes to business debt. If you’ve taken out a merchant cash advance (MCA) to resolve financial issues, attorney Dominick Dale, founder of Merchant Cash Advance Law Firm P.C., provides quick, aggressive legal representation to Hawaii  or Pacific Islander-owned businesses who need help with MCA debt. Nicknamed the “Brooklyn Bulldog,” Dominick brings decades of litigation experience and a bring-the-fight attitude to your case.

Contact him for your free initial consultation: 347-588-5590, toll-free 855-339-6593 or email.

Types Of Hawaiian Businesses That Take Out MCAs

Small and medium-sized businesses, defined as those with 500 employees or less, make up more than 99% of Hawaii’s businesses. Sometimes, MCAs target businesses that are struggling financially, offering promises of a quick cash infusion. In Hawaii, they often offer cash advances to:

  • Construction contractors or subcontractors
  • Agricultural businesses
  • Enterprises in the hospitality and tourism sector
  • Restaurants and bars

All of these businesses may find getting approvals for more traditional loans hard to get because of the volatility of their cash flow.

Merchant Cash Advance Debt In Hawaii Is Unregulated

Hawaii MCAs step into the gap between businesses needing assistance and traditional lending options, which are governed by the highly regulated financial industry. Hawaii, along with numerous other U.S. states, has little regulation to cover MCAs, treating them as a business transaction instead of a loan.

MCA providers may have you sign contracts with outrageous, but legal, terms that include:

  • Using a factor rate instead of an interest rate to determine repayment fees
  • Requiring weekly or even daily repayments drawn from your credit card sales
  • Placing UCC liens on your business assets to ensure satisfaction of the debt
  • Repossessing your business assets if you default on the advance

However, being unregulated does not mean you have no options if the MCA creditor threatens legal action or files a lawsuit against your business.

How A Lawyer Can Help With Debt Settlement

Hiring a lawyer familiar with MCA law and with specific experience with MCA litigation equips you to face your debt situation from the strongest possible position. Attorney Dale can help you assess the terms of your MCA contract and how the MCA provider has conducted itself if it has filed a lawsuit against you. He can help you:

  • Identify and contest unreasonable contract terms, including fees and payment schedules
  • Dispute unfair collection practices and seek relief from them
  • Demand proper service of your lawsuit and insist on the opportunity to respond before summary judgment is entered on your case
  • Request clear disclosures about the history, terms and payment history of the debt

Dominick can also guide you through settlement negotiations for resolving your business debt.

Take Charge Of Your MCA Debt Today With A Free Consult

To find relief from MCA-related business debts, speak with a trustworthy merchant cash advance debt attorney with the experience to get results and the attitude that protects your interests. Call Dominick at 347-588-5590 or send an online message to set up a free 30-minute initial consultation. Merchant Cash Advance Law Firm P.C., serves businesses across the state of Hawaii, including those in Honolulu or elsewhere on Oahu, on the Big Island, and on Maui.