Merchant/Business Cash Advance
Experienced Business Debt Reduction Lawyers in New York
A merchant cash advance is a popular but sometimes dangerous form of business funding. It differs from a traditional loan in the sense that it is a buy-out of future credit card receivables with a built in margin for profit. There is no actual interest rate, and the industry is not regulated with the same scrutiny as consumer debt.
Most business cash-advances require a daily repayment which can become challenging if the business experiences financial distress. Defaulting on the repayment commitment can cause the borrower to be default in their agreement with the merchant cash advance lender, and ultimately the business could be subject to adverse credit reporting as well as a lawsuit from the cash advance funding company.
If you've been contacted by an collection agent for a Merchant Cash Advance (MCA), or if you've been contacted by a New York business collections lawyer, you should speak to our debt reduction attorneys to learn how we can protect you from unsavory collection practices and help you resolve your debts.
Examples of lenders for Business Cash Advances:
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Need Relief? Speak To Our New York Business Debt Lawyers
If you need relief from the overwhelming payments of your merchant cash advance, or, if you have already defaulted on the MCA and are faced with a cash advance lawsuit, call us. We assist with Merchant Cash Advance Settlement and Lawsuit Defense.
Get in touch with us today to schedule your complimentary initial case consultation with our experienced business debt relief attorney. Call the Law Office of Simon Goldenberg, PLLC today!
