Grant Phillips Law PLLC

MERCHANT CASH ADVANCE ATTORNEY ILLINOIS

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major reason that Merchant Cash Advance funders set up shop in New York State, is because, prior to the law being repealed, New York Law permitted Merchant Cash Advance funders to issue a borrowing Merchant, the infamous “Confession of Judgment.”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.

  • REPRESENTING MERCHANTS ACROSS THE UNITED STATES.
  • REPRESENTING CLIENTS WITH MULTIPLE POSITIONS.
  • REPRESENTING CLIENTS WHO SIGNED PERSONAL GUARANTEES.
  • REPRESENTING CLIENTS WHO HAVE ALREADY BEEN SUED BY A FUNDER OR THEIR ATTORNEYS.
  • REPRESENTING CLIENTS WHO ALREADY HAVE A JUDGMENT AWARDED AGAINST THEM.

1st Global CapitalBluevine Capital IncEpic Advance, IncInfinity Capital FundingMerchant Cash FundingQuick Cash Business Services
1st Global Systems (Hallandale)Boca Capital PartnersEverest Business FundingIou FinancialMerchant Cash GroupRapid Capital Funding
1St Merchant FundingBolstrExpansion Capital GroupIrn Payment SystemsMerchant Funding Services LLC (Yellowstone)Rapidadvance
6th Avenue CapitalBushwich Merchant ServicesExperience FinanceItriaMerchant Resources InternationalRedFynn
Accel Capital,Inc.Business Consulting OptionsExpress Working CapitalJet CapitalMerchants Capital AccessRegalcapital,Inc.D/B/Aregalcaptalgroup
Accel Direct Funding, LLCBusiness Credit And CapitalFactor FundingKabbageMFS GlobalRetailcapital / Credibly
Accord Business FundingBusiness Financial ServicesFinancing Solutions LLCKalamata CapitalMl FactorsRichmond Capital
Ace Funding Source, LLCCan CapitalFinish Line CapitalKash CapitalMoney For MerchantsRomi Merchant Services
Ach CapitalCan CapitalFirst DataKingdom KapitalMother FundingSecond Chance Funding, LLC
Ach Capital, LLCCan Capital (Continued)Fora FinancialKings Cash Group, LLCNational FundingSmart Business Funding
Advance Funds NetworkCapcall LLCFora Financial Business Loans, LLC.Knight Capital FundingNational Funding IncSmart Choice Capital
Advanced Merchant ServicesCapital Advanced ServicesForward FinancingKnight Capital FundingNew Era Lending LLCSnap Advance
Aj Equity GroupCapital For MerchantsForward FinancingLandmark Funding, LLCNew Logic Business LoansSnap Advances
Aliant Payment SystemsCard Payment SolutionsForward Line Financial Nextwave Enterprises, LLC.Solupay
Alpha Capital Source, Inc.Cash Cow Capital LLCFox Business Funding NextWave FundingSOS Capital
Amazon Capital ServicesCenterboard FundingFundationLegend Funding (No Coj)On DeckSpg Advance LLC.
American Allied FundingCentral Diligence Group (Cdg)Fundation Group, LLCLendfiOne Park FinancialSrs Capital Funds
American Capital AdvanceCFG Merchant SolutionsFundboxLending ClubPar FundingSterling Funding
American ExpressCfg Merchant SolutionsFunding CircleLendioPayabilityStrategic Funding Source
American Finance SolutionsCommercial Merchant FundingFunding Circle (Fc Market Place)LendrPaypaySuperior Capital
American Merchant Receivables LLCCommonwealth Merchant Advance, Inc.Funding Metrics, LLC. (Lendini)Lendr Aka Lendr.Online, LLC.Pearl BetaSwift Capital
American Stimulus FundingCorona AdvancesFundworksLiftforwardPearl CapitalThe Business Backer
Americas Business CapitalCorporation Service CompanyFundzioMantis FundingPinnacle Merchant AdvanceTrsource,LLC.
Amerimerchant/CapifyCorporation Service Company (Continued)Gbr Funding IncMaverick CapitalPirs CapitalTsvidavisa/K/Astevedavis
ArcariusCredibility Capital IncGibraltar Capital AdvanceMax AdvancePlatinum Funding ServicesTzvireicha/K/Asteve Reich
Arf FinancialCrediblyGreen CapitalMax Merchant FundingPledgeCapUnited Payment Services
Balboa CapitalCredibly – Retail Capital LLCGreen Growth FundingMckenzie Capital LLCPowerup Lending Group, Ltd.Uplyft Capital
Balboa Capital CorporationDb Squared IncGreenbox CapitalMerchant AdvancePremium Merchant Funding One, LLCViking Funding Group
Bankcard Funding/Partners FundingDf Merchant AdvanceGrp FundingMerchant Advance Funding LpPrimary CapitalWall Funding
Bankers Healthcare Group Inc.Direct Capital CorporationGtr Source, LLC.Merchant Advance PartnersPrincipis Capital LLCWall Street Funding
Beacon Payments, LLC.Direct Merchant Funding LLCHappy Rock Merchant SolutionsMerchant Advance PayProfessional Merchant Advance CapitalWellen Capital (Gibraltor)
BFS CapitalEbf (Everest)Hop CapitalMerchant Business Credit, Inc.Promed Healthcare FinancingWorld Business Lenders
Bitty LLCEin CapHunter CarolineMerchant Capital SourceProsperity Gold CapitalWorld Global Financing
BizfiElevate FundingICBA BancardMerchant Cash Advance Of TexasQuarterspot IncWPrincipis Capital
BizfundsEmpire FundingIn AdvanceMerchant Cash And CapitalQuick Bridge FundingYalber
     Yellowstone Capital

 

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Grant Phillips Law PLLC

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Grant Phillips Law PLLC

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