Facing a lawsuit from LG Funding, LLC?
If you took out a merchant cash advance with LG Funding, LLC, and are now being sued or threatened to be sued by them, then contact Tayne Law Group, P.C. to help you understand your rights. With over 20 years of experience handling the negotiation and resolution of the legal side of business debt, we have the tools needed to resolve your debt.
LG Funding, LLC provides funding to businesses through merchant cash advances. In many cases, businesses have trouble repaying MCAs because they come with very high-interest rates. If a business defaults on the loan, the creditor can sue for the debt owed. Additionally, if a judgment is reached, the creditor could even garnish your wages, seize your assets, or enter liens.
Your business has other options besides a merchant cash advance from LG Funding, LLC. For example, a short-term loan can often be an option for businesses that are struggling to qualify for a traditional bank loan. Your business may also consider a line of credit. Lines of credit generally have more favorable interest rates and allow you to borrow against the line as often as you need. If that’s not an option, consider resolving the debt you have now so you don’t have to borrow these kinds of business loans that feel like they only make matters worse.
If you’re being sued for debt on a merchant cash advance, don’t panic. Tayne Law Group is here to help you navigate the complicated legal process and to find a solution that works for you and the creditor. In many cases, Gene W. Rosen, Esq., at the Law Office of Alan J. Sasson, P.C. represents LG Funding, LLC. At Tayne Law Group, we always put your business first and prioritize your needs. Additionally, we can help your business resolve the debt and avoid bankruptcy without taking on any further debt. Help for your business is just one free phone call away.
FAQs about LG Funding, LLC
It is a company that offers working capital to businesses in the form of merchant cash advances.
Merchant cash advances are often quick and easy ways for businesses to receive financing. They are often easier to qualify for than traditional bank loans and therefore better suited to those with poor or no credit. Funds are also generally available within a few days, making merchant cash advances appealing to those looking for fast access to cash.
Businesses often borrow merchant cash advances as short-term loans, with terms ranging from 3-12 months. The business repays the MCA on a daily, weekly, or monthly basis through a percentage of its sales. As a result, businesses may pay very high interest rates, with APRs sometimes reaching triple digits.
1218 Union St Ste 2
Brooklyn, NY 11225-1512