By Leslie H. Tayne, Esq.
November 22, 2022
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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By Leslie H. Tayne, Esq.
November 9, 2022
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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By Leslie H. Tayne, Esq.
November 7, 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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By Leslie H. Tayne, Esq.
October 19, 2022
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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By Leslie H. Tayne, Esq.
September 14, 2022
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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By Leslie H. Tayne, Esq.
September 13, 2022
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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By Leslie H. Tayne, Esq.
August 9, 2022
If you’re a small business owner, you may have come across one financing option known as a merchant cash advance (MCA). One of the reasons an MCA can be attractive is the fact that you can qualify for one even if your personal or business credit isn’t in great shape. However, you might wonder if […]
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By Leslie H. Tayne, Esq.
July 27, 2022
As a business owner, the ability to borrow money is key to keeping your company running. Sometimes you need extra funds to buy inventory, pay employees, or simply remain cash flow positive. One form of financing that has become popular is the merchant cash advance. These often come with relaxed credit requirements and fast funding […]
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By Leslie H. Tayne, Esq.
July 20, 2022
If you took out a merchant cash advance to cover business expenses, you might be regretting that decision now. MCAs are tricky agreements that can trap you in a cycle of debt if you aren’t careful. So if you’re struggling with MCA debt, you might be wondering if you can stop paying. Here’s what you […]
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By Leslie H. Tayne, Esq.
April 20, 2022
If you’re looking for financing options for your small business, you might have come across something called “credit card processing loans.” They could help you get the funds you need to keep your business functioning. But there are also some big risks you should know about before borrowing any money. So before you agree to […]
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