Merchant Cash Advance Attorney ILLINOIS
If you answered yes to any of these questions, contact:
Grant Phillips Law, PLLC an Illinois Law Firm focusing on settling Merchant Cash Advance loans for clients across all 50 States and Merchant Cash Advance loans in ILLINOIS
Merchant Cash Advance Attorney Illinois
Did you know?
New York State enacted a law on August 31st, 2019 banning New York Funders from issuing a Confession of Judgment to an Illinois Resident and Illinois Merchant.
For example a borrower from Illinois takes out a Merchant Cash Advance from a New York Merchant Cash Advance funder, that funder cannot issue or ask the Illinois borrowing merchant to sign a Confession of Judgment / COJ.
Contact the Attorneys at Grant Phillips Law, PLLC. Your Merchant Cash Advance Attorneys ILLINOIS. 516.670.5165
Merchant Cash Advance Attorney Illinois
Why are the majority of Merchant Cash Advance Brokers, Merchant Cash Advance ISO’s and Merchant Cash Advance Funders based out of New York City?
New York City remains the hub of finance and financial transactions throughout the world. Like most alternative forms of finance, the world of Merchant Cash Advance found a stronghold in New York City and being an alternative form of financing was attractive to alternative investors, whom are predominantly located in New York City and close to Wall Street. The coming together of investors and operators of Merchant Cash Advance funders was able to be facilitated in New York City, with both parties being located in or around Wall Street and New York City.
Also, with Manhattan at the epicenter of economic and world finance, coupled with the fact that the largest lenders, banks, private equity and law firms are generally located there, it is no wonder that Merchant Cash Advance loans are dominated by New York based lenders.
Another major reason that Merchant Cash Advance funders set up shop in New York State, is because, prior to the law being repealed, New York Law permitted Merchant Cash Advance funders to issue a borrowing Merchant, the infamous “Confession of Judgment.” As stated, last year (Aug 31st, 2019), this law was updated to prohibit New York MCA funders from issuing a COJ to an Illinois resident.
If you have a Merchant Cash Advance position with any funder in New York, Illinois or across the entire United States, contact the law firm of Grant Phillips Law, PLLC 516.670.5165
We are Merchant Cash Advance Attorneys providing assistance and relief to all Illinois merchant borrowers. Our law firm has the knowledge, compassion and experience to handle all your Merchant Cash Advance positions, no matter what State they originated from, including Illinois State.
GRANT PHILLIPS LAW, PLLC – Merchant Cash Advance Attorneys for Illinois & all 50 States across the country.
If you signed a Confession of Judgment with your MCA Contract, reach out to your Illinois Merchant Cash Advance Attorney for help and advice. 516.670.5165
LET US REVIEW AND ANALIZE YOUR MCA CONTRACTS FOR FREE AS PART OF OUR FREE CONSULTATION – OFFERED TO MERCHANT CASH ADVANCE BORROWERS IN ILLINOIS AND ALL 50 STATES.
Grant Phillips Law, PLLC fights for you, your business and lending justice.
Merchant Cash Advance Attorney Illinois
Did you know?
Twenty Three (23) year ago information about Merchant Cash Advance loans became available and publicly accessible. Specifically, an individual by the name of Barbara S. Johnson is listed as the official inventor of split-funding, a system that allows for automatic loan repayment to the funders from a single credit card processor shared with the Merchant. Ms. Johnson obtained a Patent for this system in 1997. Her story is fascinating. Johnson was running four Gymboree Playgroup & Music franchises. Unable to get working capital to fund a summer marketing campaign, she wondered whether she could borrow against future credit card sales derived from parents bringing their kids back for fall classes. About a year later, Johnson and her husband founded Advance Me, a MCA Funder. Her Patented technology allowing for the splitting of credit card sales was a major step in the birth and growth of the MCA world. Later her company would become CAN Capital.
Merchant Cash Advance Attorney Illinois
Did you know?
The interest rate or effective APR on a Merchant Cash Advance is so excessive and in turn profitable for Merchant Cash Advance funders that large publicly traded companies have also entered the Merchant Cash Advance arena. Some examples include Shopify, Square, PayPal, Amazon and even American Express. There are also major investment banks like Morgan Stanley backing several funders and hedge funds.
Merchant Cash Advance Attorney ILLINOIS
Did you know?
The attorneys at Grant Phillips Law, PLLC have seen cases where the effective APR on a Merchant Cash Advance was in excess of 2,000% – This is NOT a misprint, again this law firm has seen several Merchant Cash Advance Contracts with an effective APR of 2000%!
If you Merchant Cash Advance position is eating away at your business cash flow and revenues, don’t hesitate to contact Illinois Merchant Cash Advance Attorney Grant Phillips Law, PLLC – serving clients in Illinois and across all 50 States. Merchant Cash Advance Attorneys.
Merchant Cash Advance Attorney ILLINOIS
Did you know?
In Illinois State there is no licensing requirement to become an MCA lender or broker! Some States are beginning to take a look at this, but at present no background checks, licensing, bond requirements or laws exist, to govern the creation of a Merchant Cash Advance funder and or broker.
Merchant Cash Advance Attorney Illinois
You have questions: We have answers.
For answers to these questions and any other you may have, don’t hesitate to contact the Merchant Cash Advance Illinois attorneys at Grant Phillips Law, PLLC. An Illinois Merchant Cash Advance Law Firm. Let us take the stress and sleepless nights away and help you get your business back on track. You have put in time, money, equity, experience and knowledge into building your business. It feeds you, supports your family, creates jobs and as such is worth fighting for. Let Us Help You! Grant Phillips Law, Merchant Cash Advance Attorney ILLINOIS
Merchant Cash Advance Attorney Illinois
Can Grant Phillips Law help me with my MCA positions?
Yes, Grant Phillips Law has successfully negotiated settlements or filed lawsuits against most of the Merchant Cash Advance funders. Our law firm has settled Merchant Cash Advance loans with virtually every funder, big to small, Illinois based to non-Illinois based, as well as negotiating very large loan balances to small payoff amounts and everything in between, our law firm has seen it and handled it for our Merchant Cash Advance clients.
Merchant Cash Advance Attorney ILLINOIS
Which MCA funders has your Law Firm settled a Merchant Cash Advance loan with?
The following is a sample list of many of the funders Grant Phillips Law have EITHER negotiated with, or sued successfully.
Please note: if you do not see your specific funder listed, it is still very likely that we have negotiated and settled a Merchant Cash Advance loan with them but they are not listed here because this list is only a sampling of Merchant Cash Advance funders we have worked with:
Yellowstone, Everest (Ebf), Funding Circle, Can Capital, Kabbage, On Deck Financing, Lendini, Snap, Platinum, EIN Cap, Mantis, Pearl Beta, Green Capital, Region Capital, Capital Advanced Services, GTR Source, American Express, PayPal, Knight, Itria, 1st Global Systems, Bitty, Swift, Lendr, Wellen, Gibraltar, SRS, SPG Advance, Second Chance Funding, Forward Financing, National Capital, Fora, One Park, Landmark, Richmond, Alpha, Accel, ACH, Ace, Bluevine, One Park, Fundbox, Lending Club, Credibility, Lendio, Quarterspot, Fundation, Balboa, Credibly, Payability, National Funding, ML Factors, New Logic, Americas, BFS , CFG, Elevate, Fox Business Funding, Fundworks, Fundzio, In Advance, GRP, Infinity, Jet, Kalamata, Lendfi, Max Advance, MFS Global, Merchant Cash Group, NextWave, Pledgecap, BCP, Primo, Regal Capital, Coastal Capital, National Funding, Amex Merchant Financing, LoanBuilder by PayPal, Torro, ByzFunder, Cap Fund Now, TMR Now, Velocity, Ibex Funding Group, Family Business Fund, Streamlined Consultants, Trust Capital Funding, Unique Funding, Fundzio, Fresh Funding, Accord Business Funding, South End Capital, Pirs, Bluevine, BMF, Monberg Capital, Queen Funding, Central Diligence, Cardinal Equity, WG Capital, Five Tower, Maxim Commercial Capital, Alpha Capital Source, The Fundworks, Alpha Capital Source, Fundry, Simply, Global Funding Experts, HFH Capital, GRP Funding, Spartan, 24 Capital, Delancey Street, Lending Valley, Legend, Platinum, Splash, Main Street Finance, Loan Me, Fundkite, Velocity Funding Group, Peak Solutions, 60 Day Capital, Hunter Caroline, SOS, Elevate, United Business Funding, RDM and many, many more.
GRANT PHILLIPS LAW, PLLC – your Merchant Cash Advance Law Firm.
1st Global Capital | Bluevine Capital Inc | Epic Advance, Inc | Infinity Capital Funding | Merchant Cash Funding | Quick Cash Business Services |
1st Global Systems (Hallandale) | Boca Capital Partners | Everest Business Funding | Iou Financial | Merchant Cash Group | Rapid Capital Funding |
1St Merchant Funding | Bolstr | Expansion Capital Group | Irn Payment Systems | Merchant Funding Services LLC (Yellowstone) | Rapidadvance |
6th Avenue Capital | Bushwich Merchant Services | Experience Finance | Itria | Merchant Resources International | RedFynn |
Accel Capital,Inc. | Business Consulting Options | Express Working Capital | Jet Capital | Merchants Capital Access | Regalcapital,Inc.D/B/Aregalcaptalgroup |
Accel Direct Funding, LLC | Business Credit And Capital | Factor Funding | Kabbage | MFS Global | Retailcapital / Credibly |
Accord Business Funding | Business Financial Services | Financing Solutions LLC | Kalamata Capital | Ml Factors | Richmond Capital |
Ace Funding Source, LLC | Can Capital | Finish Line Capital | Kash Capital | Money For Merchants | Romi Merchant Services |
Ach Capital | Can Capital | First Data | Kingdom Kapital | Mother Funding | Second Chance Funding, LLC |
Ach Capital, LLC | Can Capital (Continued) | Fora Financial | Kings Cash Group, LLC | National Funding | Smart Business Funding |
Advance Funds Network | Capcall LLC | Fora Financial Business Loans, LLC. | Knight Capital Funding | National Funding Inc | Smart Choice Capital |
Advanced Merchant Services | Capital Advanced Services | Forward Financing | Knight Capital Funding | New Era Lending LLC | Snap Advance |
Aj Equity Group | Capital For Merchants | Forward Financing | Landmark Funding, LLC | New Logic Business Loans | Snap Advances |
Aliant Payment Systems | Card Payment Solutions | Forward Line Financial | Nextwave Enterprises, LLC. | Solupay | |
Alpha Capital Source, Inc. | Cash Cow Capital LLC | Fox Business Funding | NextWave Funding | SOS Capital | |
Amazon Capital Services | Centerboard Funding | Fundation | Legend Funding (No Coj) | On Deck | Spg Advance LLC. |
American Allied Funding | Central Diligence Group (Cdg) | Fundation Group, LLC | Lendfi | One Park Financial | Srs Capital Funds |
American Capital Advance | CFG Merchant Solutions | Fundbox | Lending Club | Par Funding | Sterling Funding |
American Express | Cfg Merchant Solutions | Funding Circle | Lendio | Payability | Strategic Funding Source |
American Finance Solutions | Commercial Merchant Funding | Funding Circle (Fc Market Place) | Lendr | Paypay | Superior Capital |
American Merchant Receivables LLC | Commonwealth Merchant Advance, Inc. | Funding Metrics, LLC. (Lendini) | Lendr Aka Lendr.Online, LLC. | Pearl Beta | Swift Capital |
American Stimulus Funding | Corona Advances | Fundworks | Liftforward | Pearl Capital | The Business Backer |
Americas Business Capital | Corporation Service Company | Fundzio | Mantis Funding | Pinnacle Merchant Advance | Trsource,LLC. |
Amerimerchant/Capify | Corporation Service Company (Continued) | Gbr Funding Inc | Maverick Capital | Pirs Capital | Tsvidavisa/K/Astevedavis |
Arcarius | Credibility Capital Inc | Gibraltar Capital Advance | Max Advance | Platinum Funding Services | Tzvireicha/K/Asteve Reich |
Arf Financial | Credibly | Green Capital | Max Merchant Funding | PledgeCap | United Payment Services |
Balboa Capital | Credibly – Retail Capital LLC | Green Growth Funding | Mckenzie Capital LLC | Powerup Lending Group, Ltd. | Uplyft Capital |
Balboa Capital Corporation | Db Squared Inc | Greenbox Capital | Merchant Advance | Premium Merchant Funding One, LLC | Viking Funding Group |
Bankcard Funding/Partners Funding | Df Merchant Advance | Grp Funding | Merchant Advance Funding Lp | Primary Capital | Wall Funding |
Bankers Healthcare Group Inc. | Direct Capital Corporation | Gtr Source, LLC. | Merchant Advance Partners | Principis Capital LLC | Wall Street Funding |
Beacon Payments, LLC. | Direct Merchant Funding LLC | Happy Rock Merchant Solutions | Merchant Advance Pay | Professional Merchant Advance Capital | Wellen Capital (Gibraltor) |
BFS Capital | Ebf (Everest) | Hop Capital | Merchant Business Credit, Inc. | Promed Healthcare Financing | World Business Lenders |
Bitty LLC | Ein Cap | Hunter Caroline | Merchant Capital Source | Prosperity Gold Capital | World Global Financing |
Bizfi | Elevate Funding | ICBA Bancard | Merchant Cash Advance Of Texas | Quarterspot Inc | WPrincipis Capital |
Bizfunds | Empire Funding | In Advance | Merchant Cash And Capital | Quick Bridge Funding | Yalber |
Yellowstone Capital |