Merchant/Business Cash Advance
Experienced Business Debt Reduction Lawyers in New York
A merchant cash advance is a popular but sometimes dangerous form of business
funding. It differs from a traditional loan in the sense that it is a
buy-out of future credit card receivables with a built in margin for profit.
There is no actual interest rate, and the industry is not regulated with
the same scrutiny as consumer debt.
Most business cash-advances require a daily repayment which can become
challenging if the business experiences financial distress. Defaulting
on the repayment commitment can cause the borrower to be default in their
agreement with the merchant cash advance lender, and ultimately the business
could be subject to adverse credit reporting as well as a lawsuit from
the cash advance funding company.
If you've been contacted by an collection agent for a Merchant Cash
Advance (MCA), or if you've been contacted by a New York business
collections lawyer, you should speak to our debt reduction attorneys to
learn how we can protect you from unsavory collection practices and help
you resolve your debts.
Business Debt Relief Lawyers in New York City
OR CALL: (888) 301-0584
Examples of lenders for Business Cash Advances:
Need Relief? Speak To Our New York Business Debt Lawyers
If you need relief from the overwhelming payments of your merchant cash
advance, or, if you have already defaulted on the MCA and are faced with a
cash advance lawsuit, call us.
We assist with Merchant Cash Advance Settlement and
Free Business Debt Case Evalution - Call Today: (888) 301-0584
Get in touch with us today to schedule your complimentary initial
case consultation with our experienced business debt relief attorney.
Call the Law Office of Simon Goldenberg, PLLC today!