Business Debt Law Group

You are trying to grow your business and need additional capital to do that. You may have had some tough times and your credit is not as good as it used to be. You may be forced to get alternative forms of lending – many times a merchant cash advance. A merchant cash advance is an advance of funds based on your future credit card receivables. This type of lending may seem great as it is a quick way to get funding from a means that is not credit driven. They look at your monthly revenue coming in and decide if you would qualify. They then take out money every day from your credit card income to repay the advance. When you dig deep and analyze the advance, you may see that you are paying over 100% interest and fees. Many merchants didn’t understand what they were getting into and default on the advances. If you have undertaken an advance from a merchant cash advance lender, you might want to consider hiring the merchant advance loan lawyers to review your advances and he