How to Vacate a Confession of Judgment in New York If you signed a merchant cash advance agreement, there’s a good chance you also signed a confession of judgment (COJ) without fully understanding its implications. When a funder
Best MCA Lawyer: Merchant Cash Advance Defense Attorneys If daily ACH debits are draining your business account, a confession of judgment has been filed against you, or your bank account has been frozen by an MCA funder, you’re
Can You Sue Your MCA Funder for Fraud? Most business owners who get tangled up with a merchant cash advance think of themselves as the defendant, reacting to a lawsuit, a frozen account, or a confession of judgment.
Is Your Merchant Cash Advance a Scam? Merchant Cash Advances, often referred to as MCAs, are today a common funding choice for a business that requires quick access to capital. They are used across most industries and can
Is it Possible to Negotiate with an MCA Funder Directly? Intimidating? For many business owners with merchant cash advance debt, the idea of negotiating with the funder directly, regarding obtaining a new financial arrangement for repayment of the
Merchant Cash Advances: What Business Owners Often Overlook Until It’s Too Late Many businesses and the merchants who own them, perceive a quick infusion of capital, as a necessity rather than an option. For businesses whose earnings fluctuate
New York MCA Final Disclosure Laws DO ANY REGULATIONS EXIST THAT GOVERN A MERCHANT CASH ADVANCE? New York State, by all accounts the haven State for Merchant Cash Advances, ironically is also one of the first States to
Merchant Cash Advance 101 – Explained Beginning early 2010, after the Great Recession, when the American housing market blew up and the world fell into a financial crisis, conventional banking institutions, for example Chase Bank and Citi, were
New York MCA Laws Updated New York’s Commercial Financing Disclosure Law SB 5740UPDATED AND CLARIFIED NEW REGULATION GOVERNING MERCHANT CASH ADVANCE POSITIONS IN THE STATE OF NEW YORK June 2, 2021 SB 5740 is New York State’s new
New York Enacts APR Disclosure Laws NEW YORK PASSES MERCHANT CASH ADVANCE REGULATION COMMENCING – JANUARY 1st 2022 “New York State Adopts Truth In Lending (TILA) – Like Disclosure Law for Business Loans, including Merchant Cash Advance and
