Category: Business Debt Relief

what happens to a merchant cash advance if my business closes

What Happens to a Merchant Cash Advance If My Business Closes?

Whether you’re ready to pursue a new opportunity or your business simply isn’t performing, there may be a time you decide to close up business for good. And if that’s the case, you might be wondering: “What happens to a merchant cash advance if my business closes?” Closing a Business About half of small businesses […]

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What to Do if MCA Lender Files a UCC Lien Against You

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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merchant cash advance collections

Merchant Cash Advance in Collections: What to Do

It’s common for small businesses in need of extra cash to seek out merchant cash advances (MCAs). Unlike a traditional loans, merchant cash advance companies provide a lump-sum payment in exchange for a certain percentage of your future sales or revenue. The approval and funding process is very quick — sometimes just one or two […]

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merchant cash advance alternatives

Merchant Cash Advance Alternatives

Whether you’re just starting a business or have been running a successful company for years, there are times when you need working capital to fund business expenses. There are many borrowing options available to cover costs such as payroll, inventory, equipment, and more. One increasingly popular choice is a merchant cash advance (MCA). This form […]

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how to get out of a merchant cash advance

How to Get Out of a Merchant Cash Advance: 4 Top Options for 2022

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. If you’re wondering how to get out of a merchant cash advance, here are some steps […]

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should i hire a merchant cash advance attorney

Should I Hire a Merchant Cash Advance Attorney?

If you’ve been struggling with debt from a merchant cash advance, you might be wondering: “Should I hire a merchant cash advance attorney?” Merchant cash advances are becoming an increasingly popular form of business financing. Unlike traditional bank loans, MCAs don’t require good credit or a lengthy application process. In fact, they’re not loans at […]

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merchant cash advance contract

What to Look for in a Merchant Cash Advance Contract

If you’re considering a merchant cash advance (MCA), be sure you fully understand the contract and its terms first. Navigating these contracts can be tricky. And there might be language or clauses that you don’t fully understand that could negatively impact your business. It’s a good idea to review any contract in detail with an […]

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ucc attorney

How a UCC Attorney Can Help Your Business

If you took out a merchant cash advance (MCA) or other form of business financing, you might have a UCC lien on your business credit reports. UCC liens are common. However, they can present some challenges for your business, especially when it comes to borrowing money in the future. A UCC lien can also cause […]

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merchant cash advance breach of contract

What Happens with a Merchant Cash Advance Breach of Contract Lawsuit?

As with a small business loan, a merchant cash advance (MCA) involves a contract between you and your provider. If you stop making your payments, it could result in a merchant cash advance breach of contract, and the MCA lender could sue you. Dealing with merchant cash advance legal issues can be a pain for […]

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is a merchant cash advance a loan

Is a Merchant Cash Advance a Loan?

Although both merchant cash advances and traditional business loans involve receiving and repaying a sum of money, they are not the same thing.  How Does a Business Loan Work? Business loans are a form of financing for qualified businesses. They’re provided by banks, credit unions, and other approved lenders. Companies use business loans to pay […]

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We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

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