Business Debt Law Group

A good amount of income and cash flow play a significant role in running a business. However, what would you do if your business was falling short and you couldn’t meet the daily cash flow needed to run your business? In a scenario like this, you could acquire a merchant cash advance loan that could help you with inventory purchases, debt and other unexpected expenses. Even if you have a short business history, little collateral or a low credit rating, you are many times, still able to get a merchant cash advance loan with ease. But, merchant cash advance loans do come with their fair share of problems that traditional loans do not have. Merchant cash advance loans charge much higher interest rates and take a portion of your daily credit card receivables, minimizing cash flow. If you are dealing with high interest rates or high daily payment from your MCA and do not know how to get your business back in control, a merchant cash advance attorney may be able help you ge...

A merchant cash advance comes in handy for small businesses in a tough financial situation. It is an effective alternative to the lengthy and traditional loan approval process. With the help of a merchant cash advance, you can fulfill the short-term need for capital in a much shorter time period. Although a merchant cash advance comes much easier than a traditional loan, it can also raise problems in the future that can affect your business negatively. In order to pay back your MCA loan, a dedicated percentage of your daily credit card receivables will be withheld on a daily basis. This process of paying back is termed as “hold back” and continues until the advance is completely paid. This payback process can put your business cash flow in a very tough position. Many times you may have to get a 2 nd or 3 rd merchant cash advance loan to pay back your initial loan. This is one of the many issues that you may face due to the merchant cash advance loans. Many times, to...

For every business, capital is the most quintessential thing which keeps a business firm surviving. Many entrepreneurs find it extremely difficult to keep their business running without having additional capital that is sometimes needed. Their businesses may not hold the required credit to attain traditional lending. As a result, business owners have turned to merchant cash advance loans. These loans do not require impeccable credit scores and are fairly easy to attain as long as you have credit card receivables coming in. Merchant cash advance loans are the premium financing options for obtaining money in a quick and easy way to leverage your business. But, acquiring MCA loans can also put you in a very bad situation. MCA loans can put business owners in a difficult cycle of debt where they have to pay extremely high payments every day and can’t afford to run their business anymore. Many times business owners do not realize that these loans may be at or above a 100% interest rate. T...