Did You Accept A Merchant Funding Agreement?
Are You Unable to Pay The Terms?
Merchant Business Cash Advance Lawyers Can Help
A merchant cash advances have become popular but, in many instances can end up to be a regretful form of business funding. These merchant cash advances are different then a typical loan. It is a buy-out of future credit card receivables with a built in margin for profit. There is no actual interest rate. This industry is not regulated with the same as consumer debt.
What Is The Problem With These Loans?
These business cash-advances require a daily repayment. This can pose a problem if your business experiences financial distress. Defaulting on the repayment may have caused you to have defaulted in your agreement with the merchant cash advance lender. Your business may now be subject to adverse credit reporting as well as a lawsuit from the cash advance funding company.
In Trouble With A Merchant Cash Advance Company?
If you’ve been contacted by an collection agent for a Merchant Cash Advance (MCA) funding or if you’ve been contacted by a business collections lawyer, speak to one of our debt attorneys to learn how we can protect you and help you right now. If you are in trouble with:
- Merchant Cash & Capital, LLC,
- OnDeck Business Loa
- Merchant Capital Partners
- Swift Capital
- LG Funding
- Lending Club
- Funding Circle USA Inc.
or any other funding company contact us today
Has your Merchant Cash Advance funding required a set amount of money paid each and every day. If your business is struggling to bring in an adequate amount of money, these daily payments could have become nearly impossible to fulfill.