Practice Areas

MERCHANT CASH ADVANCE DEBT RELIEF

Merchant cash advance (MCA), also known as merchant cash loans is a popular yet very risky form of business funding. When a business owner enters into a Merchant Cash Advance agreement with a lender, he or she grants the lender a  buy-out of future credit card receivables with a built in margin for profit in exchange for a lump sum payment. An additional risk to MCA agreements is that it is not as stringently regulated as the consumer debt relief industry, leaving business owners vulnerable if they default on payments. 

In most agreements,  lenders require that cash advancements are repaid daily. This form of repayment plan can be problematic if the business is facing financial distress. Defaulting on your merchant cash loan payments will not only result in an unfavorable credit reputation, but you may put you at risk of being sued by your lender. 

ARE YOU BEING SUED FOR DEFAULTING ON A MERCHANT CASH ADVANCE?

It is paramount to get professional help from an business debt relief experienced lawyer if you are being sued by your merchant cash advance lender.  MCA lawsuits are significantly more complex than consumer debt, and not obtaining the assistance of proper legal counsel can be detrimental to your business. Be wary about at the personal guarantee provision in your MCA agreement.

HOW MERCHANT CASH ADVANCE DEBT RELIEF CAN HELP YOUR BUSINESS

Our team of MCA debt relief attorneys are well versed in assisting businesses recover from crippling merchant cash advance debt. Some of the strategies to remedy overwhelming MCA debt include:

  • Filing an Answer with Affirmative Defenses and any applicable counterclaims.
  • Requesting discovery by way of Interrogatories, Notices to Admit, Depositions, and a Demand For Productions of documents.
  • Pursuing a Motion to Dismiss, fight at trial, or negotiate to settle the business debt.

Schedule a free consultation with one of our well versed business debt relief lawyers today!

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