Recent Posts in merchant cash advance Category

  • Merchant Cash Advance & Business Debt Lawyers

    || 14-Mar-2017

    Nearly every day, our office receives phone calls from business owners that are desperately looking for a solution to their small-business debts. Whether it be an MCA debt (Merchant Cash Advance), a business loan, a line-of-credit, or even a commercial credit card, it can be tough to know where to turn when you can no longer afford to make the minimum payments. It’s no wonder that some ...
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  • Consumer Debt vs. Business Debt: What's the Difference?

    || 21-Feb-2017

    Debt usually refers to money owed by one party, the debtor or borrower, to another party, the lender or creditor. However, there is a big difference between consumer debt and business debt, especially with how the debts are collected when they are in default status. Consumer Debt A debt is considered a "consumer debt" if it was primarily accrued for personal, family, or household ...
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  • Lower Payments on Merchant Cash Advance & Business Loan Debt

    || 7-Feb-2017

    Our debt relief team has experienced an increase in callers from company owners seeking help with unaffordable business debts and struggling to keep up with the large daily, weekly, or monthly payments. With the fear of potentially having to close their companies due to insolvency, these proprietors are desperately seeking a solution to restructure their commercial debts. Not knowing where to turn ...
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  • What Are My Options to Resolve Business Debt?

    || 6-Feb-2017

    Running a business can be tough, particularly if you’re a small business competing against corporations. Though people take on debt in order to get their businesses off the ground, one of the simplest ways to encounter financial trouble as a business owner is to take on too much debt. Loans and merchant cash advances ( MCA debt ) can be especially problematic during a stagnant economy. Here ...
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  • Resolving a Confession of Judgment in New York

    || 18-Nov-2016

    As of recently, our law firm has experienced an increase in the volume of requests for assistance with Confessions of Judgment entered in connection with defaulted business loans and merchant cash advance debts. A Confession of Judgment (“COJ”) is an affidavit in which a party admits liability and allows the lender to enter judgment upon the occurrence of a specific condition, such as ...
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  • Merchant Cash Advance Reduced By $92,000 (Bizfi)

    || 11-Nov-2016

    Merchant Cash Advance Default There are a variety of traditional vehicles for business financing, including; credit cards, lines of credit, and commercial loans. However, over the past few years, it has become increasingly popular for businesses to cover their capital needs by taking an advance against their anticipated credit card receivables, known as a Merchant Cash Advance, or MCA. In an MCA, ...
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  • Business Loan Settled With Can Capital for 82% Reduction

    || 24-Oct-2016

    In these days of financial uncertainty, our office is seeing an increase of inquiries from business owners that need help restructuring defaulted loans and merchant cash advances. All too often, the daily or weekly payments become overwhelming and can cause the business to be unable to purchase new inventory, meet payroll, and keep up with other financial commitments. Reducing Small Business Debt ...
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  • Business Debt Settlement

    || 15-Aug-2016

    It’s no secret that to operate a small business, the owner needs access to money. Whether the business is a startup, in growth-mode, or is experiencing seasonal fluctuations, lack of capital can be a recipe for disaster. Business owners might seek financing through bank loans, SBA loans, lines-of-credit, credit cards, or even by taking a Merchant Cash Advance. Falling behind on business ...
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  • Reduce Merchant Cash Advance & Business Loans

    || 11-Jul-2016

    If you own a business, you probably already know that maintaining sufficient cashflow is critical. However, with seasonal fluctuations, competition, and other variables outside of your control, trying to maintain financially stability while operating a small business can be challenging. Money is needed for inventory, raw materials, supplies, and human resources, so taking a business loan or a ...
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