Tayne Law Group

Category: MCA debt relief

  • Can You Consolidate MCA Loans? (And Why You Might Not Want To)

    Can You Consolidate MCA Loans? (And Why You Might Not Want To)

    If you’re struggling with merchant cash advance (MCA) debt, you may be tempted to look into a way to consolidate MCA loans to get some relief. Merchant cash consolidation might seem like a helpful way to manage your current debt and make it out with your business intact. But these transactions can ultimately make things […]

  • What to Do if MCA Lender Files a UCC Lien Against You

    What to Do if MCA Lender Files a UCC Lien Against You

    If you’ve taken out a merchant cash advance (MCA), you may already have an MCA UCC lien on your business credit reports. While this is typical for MCAs and other forms of business financing, it could impact your ability to get credit in the future. This is especially the case if the information in the […]

  • Merchant Cash Advance vs. Bank Loan: 5 Key Differences

    Merchant Cash Advance vs. Bank Loan: 5 Key Differences

    If you need funding for your small business, there are a lot of ways to get it. Depending on your situation, needs and goals, you may be considering a merchant cash advance vs. bank loan. Before signing away for the funds, it’s important to note that the two options couldn’t be more different in many […]

  • Merchant Cash Advance FAQ

    Merchant Cash Advance FAQ

    Merchant cash advances are a short-term form of business financing. In this merchant cash advance FAQ, you’ll learn about how they work, the terms you’ll want to watch out for and how to protect yourself and your business from predatory practices.

  • Merchant Cash Advance Pros and Cons

    Merchant Cash Advance Pros and Cons

    Merchant cash advances can provide quick and easy cash for small businesses that have ongoing sales but need cash right now. But like any other financing option for your small business, there are both benefits and drawbacks to using a merchant cash advance (MCA). Understanding merchant cash advance pros and cons can give you the […]

  • What Is a Merchant Cash Advance?

    What Is a Merchant Cash Advance?

    A merchant cash advance is an alternative financing option for small business owners, particularly those that don’t have a good enough credit history or haven’t been in business long enough to qualify for traditional business financing. But while a merchant cash advance can be easy to get, the cost might not be worth it. Here’s […]

  • What Happens with a Merchant Cash Advance Breach of Contract?

    What Happens with a Merchant Cash Advance Breach of Contract?

    As with a small business loan, a merchant cash advance involves a contract between you and your provider. If you stop making your payments, it could result in a merchant cash advance breach of contract, and the lender could sue you. Dealing with merchant cash advance legal issues can be a pain for small business […]

  • How to Handle Business Debt Settlement

    How to Handle Business Debt Settlement

    Running a business is often an all-consuming endeavor. But while hopes are often high among entrepreneurs, the fact is that many businesses struggle. According to the Small Business Administration, 50% of small businesses fail in the first five years. Even if you’re still around, you may have needed to turn to high-interest debt like merchant […]

  • How to Get Out of a Merchant Cash Advance in 2022

    How to Get Out of a Merchant Cash Advance in 2022

    Merchant cash advances, often called MCAs for short, can be a tempting offer for struggling small business owners. You don’t need excellent credit, and you can usually get funding fast. But they’re rarely a good idea for your business. If you’re wondering how to get out of a merchant cash advance, here are some steps […]

  • How to Consolidate and Pay Off Small Business Debt

    How to Consolidate and Pay Off Small Business Debt

    Owning a business often comes with many ebbs and flows. Sometimes your cash flow hits a snag or unexpected expenses come up suddenly. These situations can leave you strapped for cash, which can make paying your bills difficult.