Merchant Cash Advance for Start Up Business

Posted by nemarampunavat on December 23rd, 2021

Merchant Cash Advance Attorney PENNSYLVANIA

• Do the majority of your business revenues go towards daily or weekly ACH payments for your MCA?
• Did you sign a Personal Guarantee in order to obtain your Pennsylvania MCA loan?
• Did the funder make you sign a COJ / Confession of Judgment?
• Is there a UCC Restraining Notice or Lien filed against your Merchant business, its bank accounts, receivables, vendors or client accounts?
• Has your Pennsylvania Merchant Cash Advance funder contacted your clients directly in order to instruct them to send money owed to you, to them instead, claiming it as receivables?
• Are you paying a fixed amount on your MCA loan despite a change in your business cash flow, revenues and receivables?
• Are Pennsylvania Merchant Cash Advance funders, their attorneys or collection agencies calling, texting and harassing or threatening 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 Pennsylvania merchant or individual bank accounts levied/frozen or restrained?
• Have your clients or vendors been contacted directly by your Pennsylvania 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?
• Were any of your requests to change a payment amount or payment schedule granted?
• Were you offered a Merchant Cash Advance Reconciliation?

If you answered yes to any of these questions, contact:

Grant Phillips Law, PLLC a Pennsylvania Law Firm focusing on settling Merchant Cash Advance loans for clients across all 50 States and Merchant Cash Advance loans in PENNSYLVANIA

Merchant Cash Advance Attorney Pennsylvania

Did you know?

New York State enacted a law on August 31^st, 2019 banning New York Funders from issuing a Confession of Judgment to a Pennsylvania Resident and Pennsylvania Merchant.

For example a borrower from Pennsylvania takes out a Merchant Cash Advance from a New York Merchant Cash Advance funder, that funder cannot issue or ask the Pennsylvania 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 Judgment?”

Contact the Attorneys at Grant Phillips Law, PLLC. Your Merchant Cash Advance Attorneys PENNSYLVANIA.  516.670.5165

Merchant Cash Advance Attorney Pennsylvania

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 31^st, 2019), this law was updated to prohibit New York MCA funders from issuing a COJ to a Pennsylvania resident.

If you have a Merchant Cash Advance position with any funder in New York, Pennsylvania 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 Pennsylvania 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 Pennsylvania State.

GRANT PHILLIPS LAW, PLLC – Merchant Cash Advance Attorneys for Pennsylvania & all 50 States across the country.

If you signed a Confession of Judgment with your MCA Contract, reach out to your Pennsylvania 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 PENNSYLVANIA AND ALL 50 STATES.

Grant Phillips Law, PLLC fights for you, your business and lending justice.

Merchant Cash Advance Attorney Pennsylvania

https://grantphillipslaw.com/merchant-cash-advance-attorney-pennsylvania/