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Have you taken a cash advance with

ML FACTORS FUNDING?

Falling behing on your Merchant Cash Advance can have serious consequences, such as your business assets and inventory being seized, liens on real property and bank accounts being frozen. ML Factors Funding LLC is in the business of providing merchant funding by purchasing the businesses future receivables. The future receivables are the deposits antipated to be accrued through credit card transactions over a designated period of time. The funds are deposited by the merchant's credit card processor into their business account, and then the business allows ML Factors to withdraw a daily, weekly, or monthly payment.

If you're looking for help to get out of business debt, the Law Office of Simon Goldenberg PLLC can help you explore your options to either restructure the debt into affordable payments, or even possibly to reduce the merchant advance in a debt settlement. Sometimes it's hard to know who to trust when trying to resolve a business debt. Read our client reviews to get a better understanding of the quality of services that our firm strives to deliver to each of our clients.

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About ML Factors Funding Limited Liability Company

Their office is located at 456A Central Avenue, #129, Cedarhurst, NY 11516. They sometimes retain the legal services of Israel Weinstein, Esq. to help enforce and execute on the judgments they obtain in New York.

ML Factors Funding includes certain provisions that merchants should take special note:

  1. Security Agreement - A UCC-1 filing is made in order to place a lien on the assets of the business. These assets can be potentially siezed in the event of default.
  2. Guaranty - ML Factors may require a personal guaranty of performance, which could allow them to pursue the personal assets of the gurantor, which is usually the owner or officer of the company.
  3. Confession of Judgment (COJ) - If the borrower executed a confession of judgment, it could expedite the process of obtaining a judgment against the business and the owner, without the funder necessarily needing to prove their case in court by bringing a lawsuit.

Resolve your business cash advance! Call us at (888) 301-0584 to schedule your free case evaluation.

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