Trapped by a merchant cash advance from Yellowstone Capital?

Merchant cash advances, business loans and other quick-fix business cash funding options, like those offered by Yellowstone Capital, LLC, can trap businesses in a debt cycle where you can no longer meet your other obligations. You may feel as if you’re drowning as you try to manage repaying your debts along with your other business’s expenses. Tayne Law Group, P.C. has more than 20 years of experience helping businesses like yours resolve debt, avoid bankruptcy, and get a fresh start without putting you further into debt.

Yellowstone Capital, LLC, claims to offer financing options to small businesses that are struggling to find funding for inventory, daily expenses, business expansion, payroll and other business expenses. One option the company offers is a merchant cash advance. Merchant cash advances are basically business loans that often come with astronomical APRs. As a result, they can be nearly impossible for a business to repay. Additionally, they require you to give up control of your operating account by having daily or weekly funds withdrawn to pay down the advance.

Business owners have other options aside from the loans and financing offered by Yellowstone Capital. For businesses that may not have good credit, short-term business loans are often easier to qualify for. Small business lines of credit, which are revolving and have much lower interest rates than merchant cash advances, can also be a good option if your business has the credit and time to apply. There are alternatives to consider that don’t put you further into debt, and instead help you resolve the debt you have.

Tayne Law Group, P.C. has proven strategies that can help your business resolve this debt. We are not a cookie-cutter debt settlement company. Additionally, we know debt, and understand exactly how to resolve it. You will need personalized attention to find the right solution for your business. Also, we will never ask you to go into more debt. Contact us today for a free consultation to help get your business back on track now.

FAQs about Yellowstone Capital, LLC

Q: What is Yellowstone Capital, LLC?

A: The company claims to provide financing options to small businesses that are having difficulty qualifying for regular funding.

Q: Why would a business owner work with Yellowstone Capital?

A: Merchant cash advances, like those offered by Yellowstone Capital, are often quick-fix options for businesses. The application and approval process is often quicker than that of a traditional bank loan. Merchant cash advances are also easier to be approved for. Additionally, they often come with high interest rates, challenging repayment schedules and confessions of judgment. As a result, this confession of judgment can help the company bypass the legal system if you default.

Q: How are loans with Yellowstone Capital repaid?

A: Merchant cash advances are repaid by taking a portion of the business’s sales on a daily, weekly, or monthly basis. As a result, APRs are generally very high. Thus, the business could end up with more debt problems.

Q: Where is Yellowstone Capital located?

A: 1 Evertrust Plaza
Jersey City, NJ 07302