What is a Merchant Cash Advance?

A merchant cash advance (MCA) is one way that business owners can borrow money for the operation of their business. While MCAs may provide temporary relief for financial struggles, they often end up becoming predatory and cause the business owner to fall into a vicious cycle of borrowing. Learn more about MCAs and what to […]

The Pros and Cons of a Merchant Cash Advance

Merchant cash advances (MCAs) provide quick cash for business owners facing financial difficulties. While the prospect of quick cash deposited into your business account may seem like a good idea in the moment, it’s important to remember that MCAs often lead to a vicious cycle of borrowing and can put you in a deeper financial […]

How to Handle Lender Harassment

Those who are fighting debt have a lot on their plate. The last thing they need is incessant harassment, including phone calls, emails, and letters, from their lenders. Luckily, borrowers have certain rights to protect them from such behavior. Learn about the Fair Debt Collection Practices Act (FDCPA) and how to defend your rights against […]

Is Merchant Cash Advance Right for Your Business?

Merchant cash advance (MCAs) was created after small banks and lenders stopped loaning money to small businesses in 2009. Many small businesses continue to use a merchant cash advance to help their companies–especially during times of uncertainty, such as COVID-19. Our New York merchant cash advance defense attorneys explain the pros and cons of a […]

Know Your Rights: Merchant Cash Advance

Many small businesses turn to merchant cash advances (MCAs) to help their businesses push through tough times. A merchant cash advance is an “advance” on future revenue, but it’s unlike a typical loan. An MCA gives businesses an upfront sum of cash in exchange for a slice of future credit and debit card sales. Since […]

The Consequences of Defaulting a Merchant Cash Advance

Many business owners struggling to pay off debt use merchant cash advances to fill in the gaps and avoid losing their business. However, merchant cash advances (MCA) can quickly snowball into another major issue – leaving businesses in an even more dire situation. If you are dealing with merchant cash advance issues, you might be […]