Merchant Cash Advance & Business Cash Advance
Veteran Business Cash Advance and Debt Settlement Lawyers
A popular and yet risky form of business funding is a merchant, or business, cash advance. A merchant cash advance is different than a traditional loan because instead of applying an interest rate, the merchant cash advance provides a business with a lump sum in exchange for a percentage of future credit card sales. It also differs in that the merchant cash advance industry is not as heavily regulated.
Business cash-advances typically require a payment to be made daily. This can be particularly demanding if a business is struggling financially. If the business defaults on their repayment plan and their agreement with the merchant cash advance lender, the consequences could lead the business to adverse credit reporting and a lawsuit from the merchant cash advance funder.
If a collection agent for a Merchant Cash Advance (MCA), or a business collections lawyer has contacted you, speak to one of our experienced debt settlement lawyers today. Your free consultation with an attorney will provide you with information on how we can help you resolve debts and protect you from collections.