Helping Texas businesses escape predatory merchant cash advance lenders. We offer decades of experience in MCA debt settlement and restructuring.
Get a Confidential ConsultationIf your business is dealing with a predatory merchant cash advance (MCA) lender, get help now. These lenders are well known for preying on businesses that are tight on cash, offering large upfront sums of money, and then immediately turning around to charge high fees and even higher interest rates. When a business can't make those payments, these lenders are able to freeze your bank account and seize your assets.
Your business may be at risk if:
The Lane Law Firm's experienced merchant cash advance attorneys are here to explore every option available to settle or restructure MCA payments while protecting your interests. We will examine your unique situation and tailor a plan to stop lender harassment, regain access to your business's money, lower daily or weekly payments, and negotiate to save you money.
What is a Merchant Cash Advance?
A merchant cash advance is an unconventional finance product where a business is given a near-instant cash advance in exchange for repayment from future sales. While an MCA can quickly inject capital into a business struggling with cash flow, the consequences far outweigh the benefits. Once sucked into an MCA, it can be nearly impossible for a business to get out due to high daily or weekly payments and exorbitant interest rates.
Merchant cash advances present a number of negative consequences for businesses of any size:
Business asset seizure. MCA lenders are also often able to seize assets when a business defaults on a repayment plan, taking away the equipment and machinery you need to do business.
If your business is at risk from a predatory MCA lender, a merchant cash advance attorney can help, but it's important to call as soon as possible. The longer you wait, the more that lender may be able to take from your business. The experienced MCA attorneys at The Lane Law Firm can help:
Many New York-based lenders require their borrowers to sign a "confession of judgment" agreement as a condition of MCA approval. This is a written agreement that essentially gives those predatory lenders a way to circumvent normal court proceedings and avoid a lengthy legal process to resolve a dispute. When your business signs a confession of judgment, you are giving that lender power to freeze business bank accounts and effectively shut down the business with minimal notice and little ability for your business to defend itself.
If you or your business signed a confession of judgment agreement and have defaulted on an MCA payment, we strongly urge you to seek legal support as soon as possible. There are few options for recourse after a confession of judgment is signed, so for the safety of your business and your personal finances, get in touch with an experienced merchant cash advance attorney today.
Don't let New York or out-of-state predatory lenders win. Don't trust "debt settlement" companies recommended by an MCA broker, or disreputable lenders. Fight back! The Lane Law Firm's team of merchant cash advance attorneys will defend you and your business. Focus on running your business while we restructure or settle the MCA debt. Schedule a free, confidential consultation with The Lane Law Firm.
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