MERCHANT CASH ADVANCE ATTORNEY NEW YORK

 

Merchant Cash Advance Attorney New York

  • Do the majority of your business revenues go towards daily ACH payments?
  • Did you personally guarantee your MCA loan?
  • Did the funder make you sign a COJ / Confession of Judgment?
  • Is there a UCC filed against the business?
  • Are you paying a fixed amount on your MCA loan despite a change in your business cash flow?
  • Are funders, their attorneys or collection agencies calling, texting and harassing you?
  • Does your Credit Card Terminal have a lock box?
  • Do you need to change your MCA repayment schedule to monthly payments from daily?
  • Are your corporate or individual bank accounts frozen?
  • Have your clients or vendors been contacted by your New York Merchant Cash Advance Funder?
  • Did you attempt to restructure payments to the Merchant Cash Advance Funder due to a fluctuation in your sales volume and revenues? Was it granted?

If you answered yes to any of these questions, contact Grant Phillips Law, PLLC a New York based law firm focusing on settling Merchant Cash Advance loans for clients across all 50 States and Merchant Cash Advance New York

Merchant Cash Advance Attorney New York

Did you know?

New York enacted a law in September 2019 banning New York Funders from issuing a Confession of Judgment to an out of State borrower (non-New York Resident). For example a borrower from Florida or California takes out an MCA from a New York based MCA funder, that funder cannot issue or ask the borrowing merchant to sign a Confession of Judgment / COJ.

  • Did you sign a Confession of Judgment?
  • Did you sign a legal document called an “Agreed to Judgment?”

Contact the Attorneys at Grant Phillips Law, PLLC. Your Merchant Cash Advance Attorneys New York

Merchant Cash Advance Attorney New York

  • Why are the majority of Merchant Cash Advance Brokers, ISO’s and Merchant Cash Advance funders based out of New York City?

New York City remains the hub of finance throughout the world. Like most alternative forms of finance, the world of Merchant Cash Advance found a stronghold in New York City and more specifically around Wall Street. With Manhattan as the epicenter of economic and world finance, coupled with the fact that the largest lenders, banks, private equity and law firms all located there, it is no wonder that Merchant Cash Advance loans are dominated by New York based lenders. However another major reason that MCA funders chose to set up shop in New York State is because New York law allowed funders to issue a Merchant a Confession of Judgment. Last year this law was updated to prohibit a New York MCA funder from issuing a COJ to a non-New York resident.

If you have an MCA position with any funder in New York or across the entire United States contact the law firm of Grant Phillips Law, PLLC. We are New York Merchant Cash Advance Attorneys with the knowledge and experience to handle all your Merchant Cash Advance positions, even if they originated from another State. Merchant Cash Advance Attorney New York & All 50 States across the country. If you signed a Confession of Judgment with your MCA Contract, reach out to your New York Merchant Cash Advance Attorney for help and advice. 

Merchant Cash Advance Attorney New York

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 New York

Did you know?

The interest rate or effective APR 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 and even American Express. There are also major investment banks like Morgan Stanley backing several funders and hedge funds.

Merchant Cash Advance Attorney New York

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 1,200%

If you Merchant Cash Advance position is eating away at your business cash flow and revenues, don’t hesitate to contact New York Merchant Cash Advance Attorney Grant Phillips Law, PLLC – serving clients in New York and across all 50 States. Merchant Cash Advance Attorney

Merchant Cash Advance Attorney New York

Did you know?

In New York 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 New York

You have questions: We have answers.

 

  • Is my bank account safe during settlement negotiations?
  • What is the Legal Representation fee?
  • Can you handle a settlement with any funder?
  • Do the lawyers at Grant Phillips Law review and inspect each contract and all accompanying paperwork for flaws, illegality or unreasonable clauses?
  • Will the funder continue to ACH my account during settlement negotiations?
  • Will the hiring of Grant Phillips Law end the phone calls, texts and constant harassment?
  • Should I change my credit card processing machine?
  • Should I switch my bank account?
  • What can I do during settlement negotiations?
  • How long does a settlement take?
  • Will a settlement show on my credit?
  • My funder is contacting my clients and receivables, will a settlement put a stop to it?
  • Is the law firm of Grant Phillips Law equipped to tackle any funder?
  • Can Grant Phillips Law represent me if I am a resident in a State out of New York? Can you put an end to daily payments?
  • Are you able to put me into a Monthly payment plan?
  • Can you lower my principal?
  • What if I payoff my loan early?
  • How does a settlement work when I have multiple or stacked positions?
  • Does Grant Phillips Law obtain a formal Stipulation of Settlement Agreement documenting the settlement?
  • What happens to my Merchant Cash Advance loans if I file bankruptcy?
  • What happens to the personal guarantee when a settlement is reached?
  • If a Judgment has already been filed against my business and I, can it be vacated?
  • What is a reconciliation? How does it help me? Will it lower payments?

For answers to these questions and any other you may have, don’t hesitate to contact the Merchant Cash Advance New York attorneys at Grant Phillips Law, PLLC. A New York based 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 New York

Merchant Cash Advance Attorney New York

Can Grant Phillips Law help me with my MCA positions?

Yes, Grant Phillips Law has successfully negotiated settlements with most of the Merchant Cash Advance funders. Our law firm has settled Merchant Cash Advance loans with virtually every funder, big to small, New York based to non-New York based, as well as negotiating very large loan balances to small payoff amounts and everything in between, our law firm has seen it and settled it.

Merchant Cash Advance Attorney New York

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 negotiated with 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:

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

 

Grant Phillips Law PLLC

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670 Long Beach Boulevard, Long Beach, NY 11561 (516) 670-5165