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
Negociación de Garantías Personales: Lo que los Dueños de Negocios Realmente Pueden Hacer Leer más »
Not every business debt crisis involves a dozen creditors and years of stacked financing. Sometimes it’s just two lenders — but the numbers are still enough to sink a business if nothing changes. That was the situation in this case. The situation This business was carrying debt with two creditors: a secured and unsecured balance
Small business owners rarely end up buried in debt because of one bad decision. It’s usually a chain of them — a slow season, a gap in cash flow, and then the fast, expensive financing that seems like the only way to keep the doors open. That’s exactly the pattern we saw in one of
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” —
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
Qué Sucede Realmente Cuando Incumple con un Adelanto de Efectivo Comercial Leer más »
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