Merchant cash advances, often called MCAs for short, can be a tempting offer for struggling small business owners. You don’t need excellent credit, and you can usually get funding fast. But they’re rarely a good idea for your business. MCAs can be an extremely expensive financing option, with some charging triple-digit interest rates. If your […]
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If you’ve taken out a merchant cash advance (MCA), you may already have an MCA UCC lien on your business credit reports. While this is typical for MCAs and other forms of business financing, it could impact your ability to get credit in the future. This is especially the case if the information in the […]
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If you’ve been struggling with debt from a merchant cash advance, you might wonder: “Should I hire a merchant cash advance attorney?” Merchant cash advances are becoming an increasingly popular form of business financing, particularly for small businesses. Unlike traditional bank loans, merchant cash advance lenders don’t require good credit or a lengthy application process. […]
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