A recent analysis from Bloomberg (see below) identifies what counsel to small businesses already knows regarding MCAs; the funding concept can be a trap for the unwary and put a company in a death spiral. Often the only option is a Subchapter V case:…
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Businesses that have obtained financing through Merchant Cash Advances, and that have been shuttered by the Covid-19 pandemic, may be hit with a double-whammy — reduced cash flow to pay critical expenses (e.g., payroll) and aggressive collectio…
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