Did You Take Out a Loan With CFG Merchant Solutions?
Have you found yourself struggling to pay back daily, weekly, or monthly invoices from a merchant cash loan or advance loan, like those from CFG Merchant Solutions, LLC? At Tayne Law Group, we understand these types of debts and can assist in identifying ways to help manage a reasonable payment schedule that works for you AND your creditor.
Who Is CFG Merchant Solutions?
CFG Merchant Solutions offers specialty finance and alternative funding for small- and medium-sized businesses. The lender does this primarily through merchant cash advances (MCAs), invoice factoring, purchase order funding, and equipment finance.
MCA lenders generally provide an a loan upfront in the form of an advance on credit card sales and future receiveables. MCA payments are typically taken from the borrower’s bank account.
The company boasts a high approval rate, and your credit history isn’t even a factor for a merchant cash advance. But like many other alternative business financing options designed for people with less-than-stellar credit, the cost of a CFG Merchant Solutions loan is high.
What’s more, you may not get much leeway from CFG if your business is struggling. According to one complaint reported to the Better Business Bureau, a business owner affected by the COVID-19 pandemic sought relief in the form of a short forbearance period, which was not granted.
If you need to contact the lender for any reason, here is its contact information:
CFG Merchant Solutions, LLC
180 Maiden Lane, 15th Floor
New York, NY 10038
844-66-CFGMS (844-662-3467)
What You Can Do if You’re Struggling to Pay Your Bills from CFG
If you’ve taken out a business loan from CFG Merchant Solutions, particularly a merchant cash advance, it might feel almost impossible to pay back while still meeting your regular expenses. As a result, you may be financially drowning to meet the payment schedule. Additionally, you may have even signed a confession of judgment, making you feel as if you have no options.
With over 20 years of experience, Tayne Law Group assists businesses like yours every day to resolve merchant cash loan debt. Our law firm of seasoned professionals understands the needs of your business and the predicament you’re in now as a result of these debts. We’ll help create a resolution strategy that fits your personal and business cash flow needs to keep your business running. And we’ll never ask you to take on more debt.
We can help you find a compromise that works for your budget and the merchant cash advance repayment schedule. Call us today. The call is always free.
