Have business debt with Daka Capital Group?
If your business has taken out a merchant cash advance (MCA), business loans or other debts, you may be struggling to keep up with payments. Repaying merchant cash advances, like those from Daka Capital Group, while managing other expenses can make you feel like you’re drowning in debt. Tayne Law Group has proven success in helping businesses resolve this kind of debt and ensure a better financial future.
Daka Capital Group claims to offer cash advances of up to $500,000 for small-to-medium-sized businesses. In many cases, merchant cash advances have short repayment terms, which can result in high APRs, confession of judgments, and other liens against business and personal assets. Therefore, this combination can make repayment incredibly difficult and can trap businesses in a debt cycle.
Merchant cash advances like those from Daka Capital Group are not the only option for your business when you need cash. Alternatives that are more affordable and less likely to trap businesses in a debt cycle do exist. Additionally, short-term business loans can be helpful for businesses that may have trouble qualifying for traditional loans. Businesses may also consider taking out a line of credit. This revolving credit allows you to borrow when you need it at an affordable rate. Additional alternatives also exist to help you reduce expenses without borrowing that make sense for businesses like yours.
Tayne Law Group, P.C. can help you find a better way. Our team of professionals will help find a solution that works for you and the creditor. Additionally, our strategies are always based on what’s best for your business and your situation. We can help you manage your cash flow and avoid bankruptcy, without ever asking you to take on more debt. Don’t hesitate to do what’s right for your business – the call is always free at 1-866-890-7337!
FAQs about Daka Capital Group
Daka Capital Group is a company that offers cash advances from $5,000-$500,000 to small-to-mid-sized businesses.
The company claims to offer these advances in as little as 24 hours and claims to consider all credit types. Additionally, the application is made simple and no collateral is required.
Merchant cash advances are generally repaid by taking a portion of the business’s sales which can be daily or weekly, thus challenging the business’s cash flow. Loan terms are generally short. Additionally, the business’s success and the length of the loan term determine the APR. Therefore, APRs are often very high and you end up paying much more than you borrowed.
132 Franklin Place
Woodmere NY 11598