MCA
MERCHANT CASH ADVANCE
STRUGGLING WITH MERCHANT CASH ADVANCE DEBT & NEED A MERCHANT CASH ADVANCE ATTORNEY?
If you’ve received notice of threatened legal action from your lender, you may be questioning what is involved with a merchant cash advanced lawsuit and what should you do?
Small business owners occasionally require additional operating capital to effectively run their businesses. You may need new equipment, additional inventory or you just need to cover payroll during a turbulent time.
Most business owners do not qualify for traditional financing.A Merchant Cash Advance may seem like a reasonable option to help the business.
Many small business owners enter into contractual agreements with one or more merchant cash advance lenders.
These business owners have the expectation that the lender will provide short-term factoring receivable financing via the purchase and sale of the business’ future receivables to assist the business owner to meet the funding needs of the business between the intervals of its customer regular pay cycles.
What is characterized by the lender as a factoring relationship against future receivables is an under-regulated, potentially predatory commercial lending product. These loans have
repayment terms requiring daily or weekly payments with the lender having full access to your company bank accounts. These onerous repayment requirements become difficult to impossible to maintain and still have the cash flow needed to run your business properly.
The money may come quickly but what small business owners do not realize is that they may be setting themselves up to worsen their financial position.
At MCA Defense Group, we are here to better your financial position, ending the viciousmca cycle.
Small business owners occasionally require additional operating capital to effectively run their businesses. You may need new equipment, additional inventory or you just need to cover payroll during a turbulent time.
Most business owners do not qualify for traditional financing.A Merchant Cash Advance may seem like a reasonable option to help the business.
Many small business owners enter into contractual agreements with one or more merchant cash advance lenders.
These business owners have the expectation that the lender will provide short-term factoring receivable financing via the purchase and sale of the business’ future receivables to assist the business owner to meet the funding needs of the business between the intervals of its customer regular pay cycles.
What is characterized by the lender as a factoring relationship against future receivables is an under-regulated, potentially predatory commercial lending product. These loans have
repayment terms requiring daily or weekly payments with the lender having full access to your company bank accounts. These onerous repayment requirements become difficult to impossible to maintain and still have the cash flow needed to run your business properly.
The money may come quickly but what small business owners do not realize is that they may be setting themselves up to worsen their financial position.
At MCA Defense Group, we are here to better your financial position, ending the viciousmca cycle.