Small businesses often turn to merchant cash advance (MCA) funding because of the ease with which such transactions can close. Oftentimes, the MCA funder does not engage in traditional due diligence typically undertaken by banks, allowing financing t…
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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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