Before 2022, a merchant cash advance company in California could quote a business owner a “factor rate” — something like 1.4x — without ever translating that number into anything resembling an actual interest rate. Many business owners had no real way to compare an MCA offer to a traditional loan, or to understand what they
Almost every form of business financing — merchant cash advances, SBA loans, equipment leases, lines of credit — comes with a personal guarantee attached. It’s often treated as a formality at signing. It stops feeling like a formality the moment the business falls behind and the lender starts looking past the business entity, straight at
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Written by Steven E. Cowen, Esq. Attorney, Debt Solution Law Group | State Bar of California #132988 | Full attorney bio → UCC Liens and Blanket Liens: What an MCA Company Can (and Can’t) Actually Take From Your Business Many merchant cash advance agreements include a UCC-1 filing — often called a “blanket lien” —
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Written by Steven E. Cowen, Esq. Attorney, Debt Solution Law Group | State Bar of California #132988 | Full attorney bio → What Actually Happens When You Default on a Merchant Cash Advance Missing a merchant cash advance payment is stressful, and MCA companies are often aggressive about collection — but the actual legal process
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Written by Steven E. Cowen, Esq. Attorney, Debt Solution Law Group | State Bar of California #132988 | Full attorney bio → Is Your Merchant Cash Advance Actually a Loan in Disguise? Merchant cash advance companies structure their agreements as a “sale” of future receivables, not a loan — a distinction that matters because loans
Written by Steven E. Cowen, Esq.Attorney, Debt Solution Law Group | State Bar of California #132988 | Full attorney bio → If two, three, or more merchant cash advance companies are all pulling daily or weekly payments from the same business bank account, you’re dealing with what’s known in the industry as MCA stacking —
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