Boost your cash flow, safeguard your assets, and secure your business future
A debt relief law firm
Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.
You make one low monthly payment and will never get an unexpected bill.
We have more than 20+ years of experience providing clients with debt relief.
As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.
We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.
A Merchant Cash Advance (MCA) is a flexible business financing solution that provides a one-time lump sum of capital in exchange for a percentage of your future debit or credit card sales or income. While many small business owners rely on these advances to fuel growth, they can sometimes become a financial burden. Renegotiating your MCA terms is an effective strategy for alleviating this debt and getting your business back on track.
The owner of a local food market came to us with $58,000 in debt from his merchant cash advance loan with Everest Business Funding.
The owner of a cheerleading gym came to us as a borrower with $19,028.12 on an MCA with Lendini. She was dealing with other cash advances at the time, and this account became too much to handle.
The owner of a plumbing business was never paid on a big contract. To keep up with the bills he got an MCA with QuarterSpot. When he couldn’t pay the $72,230.64 balance, he became a client.
To get started call (866) 890-7337.
We understand the financial strain merchant cash advance debt can place on your operations. That’s why our merchant cash advance debt relief process is tailored to each individual situation – making sure you don’t feel overwhelmed by a merchant cash advance any longer. Our team of merchant cash advance attorneys provides personalized, accessible advice that allows for customized solutions designed around your budget. Embrace a worry-free path to financial stability and let us create a personalized plan for you, ensuring your business thrives.
From first contact with us to the moment we secure a settlement, your journey with us is designed to be easy and worry-free, ensuring you receive the support you need at every stage.
During the phone consultation, we'll gather information about your business, loans, and debts, and provide you with a quote for an affordable monthly payment. We'll also explain our no billing policy to ensure transparency.
Upon receiving your initial payment, we take over all communications with your creditors, ensuring a seamless and efficient process while allowing you to focus on your business.
We'll contact creditors immediately upon request, so we can get the process started towards resolving any outstanding financial issues as soon as possible.
Our team will examine your business cash flow and compare it to your existing debt. We'll keep you informed throughout the process, as we work quickly to alleviate your merchant cash advance burden and create the financial breathing space your business requires.
After more than 20 years of working solely in debt relief, Tayne Law Group has established healthy and long-lasting relationships with business lenders, creditors, and merchant cash advance lenders and companies. Because we’re a law firm, our process is respected, which, in the end, saves you time and money.
It depends on if you can pay it off or not. It is definitely a risk.
When you are having trouble with business finances, limited resources, and credit, you may feel that a merchant cash advance or another business loan may be your only option to cover your business expenses.
Many people think they’ll pay off the loan with their next job or sale, but that’s not always a reliable solution. If that money doesn’t come in, you could end up doing more harm than good. MCAs often have very high interest rates, making them harder to pay off.
People who struggle with repayment or default on merchant cash advances could face lawsuits, judgments, UCC liens, frozen bank accounts, or other extreme actions taken by a creditor in these kinds of lending practices.
When you seek business MCA debt relief with Tayne Law Group, know that you have a team of experienced professionals ready to assist and work with you to get you through the process of resolving these kinds of matters. MCA and other cash advance inventory purchases can end up strangling your business, especially if it’s out of control.
“Defaulting” means you haven’t made payments over an extended period of time. If you default on a merchant cash advance, it can be extremely damaging to your business. Defaulting on a loan could result in lawsuits, judgments, and liens from the lender and negative credit reporting to both business credit bureaus and consumer credit bureaus like Experian, Transunion, and Equifax. Unfortunately, this could put you out of business.
If you’ve defaulted or are struggling to make payments, our staff and attorneys are prepared to help you understand how to find relief from your merchant cash advance debts. Your first consultation is free, so we recommend calling us to learn how we could make a difference in your business.
Debt settlement involves negotiating to pay less than what you owe. In many cases, debt collectors are willing to do this because the collection process can be expensive, especially if they resort to suing you. Contact us to discuss options for settling MCA debt.
It’s never too early or too late to call. For many clients, the scariest part is not knowing what’s going to happen. In our free consultation, we’ll discuss your situation, and explain what you can expect, not only from your creditor during this time but also in our debt relief process. Once you’re a client, our staff and debt relief attorneys will create a strategy for how we can help you free up your cash flow and resolve your debt. Call us today at (866) 890-7337 or schedule your free consultation to learn more.
If you’re in the merchant cash advance debt relief program and aren’t able to make payments at any point in the process, just let us know. We have had clients run into this issue, and we’re usually able to be flexible. Contact us as soon as you notice there may be an issue, and we’ll do our best to lower your payments or adjust your payment dates.
When you’re working with us, it is possible for the creditor to threaten to sue you or file liens against your business. Our attorneys are here to help and can discuss options so you understand your rights and the rights of creditors. We’ll explain the situation, so it feels less scary, and you know exactly what’s going on and what happens next.
Our goal is to avoid filing any additional court papers. Our team will walk you through the process and keep you in the loop as we work to resolve your matter.
If you have already been sued, or are worried that you may be sued, give us a call at (866) 890-7337, to discuss the best way to move forward.
We work with several business creditors and lenders to resolve debt. Here’s a list of some of the more known creditors we work with:
Call to find out if we work with your creditor, (866) 890-7337.
Still have questions? Call (866) 890-7337
A merchant cash advance (MCA) can provide access to capital for your small business. However, this alternative form of business financing can be incredibly expensive. As a result, the merchant cash advance default rate can be much higher compared to other types of business loans. First phone consultation is always free. Call Tayne Book Online […]
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For seasonal businesses, a merchant cash advance (MCA) can seem like a quick solution to cover off-season expenses. But the high costs and daily repayments can quickly spiral out of control. Unlike traditional loans, MCAs come with aggressive repayment schedules that don’t adjust for revenue fluctuations, making them especially risky for businesses with seasonal income. […]
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Contact Us
Address
135 Pinelawn Rd Suite 250N, Melville, NY 11747
Email
info@taynelaw.com
Phone
(631) 470-8204
Services
Blogs
Call for a free consultation (866) 890-7337
Copyright 2024 Tayne Law Group, P.C.
Attorney advertising. Prior results do not guarantee a similar outcome. The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice or tax advice for any individual case or situation.
Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.
Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.
A Tayne Law team member will respond within
1 business day.
