Reduce Merchant Cash Advance Payments
Settle My Cash Advance
Define Merchant Cash Advance
Merchant Cash Advance Interest Payment
Merchant Cash Advance New York
Merchant Cash Advance New York Law Changes
Merchant Cash Advance Payoff
Merchant Cash Advance Regulations
Merchant Cash Advance Usury Law
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WHAT KINDS OF MERCHANTS AND BUSINESS OWNERS CAN YOUR LAW FIRM HELP?
We represent small business owners from all over the country. Some for example are truckers, contractors, roofers, doctors, restaurants, gym owners, retailers, manufacturers and professionals. There is no “typical” client, since debt and high interest loans can effect any business and merchant owner.
DOES GRANT PHILLIPS LAW SETTLE MERCHANT CASH ADVANCE LOANS AND BUSINESS DEBT WITH ALL FUNDERS?
Yes, our law firm settles Merchant Cash Advance Loans with all Lenders including: Yellowstone, Everest (Ebf), Funding Circle, Can Capital, Kabbage, On Deck Financing, Lendini, Snap, Platinum, EIN Cap, Mantis, Pearl Beta, Green Capital, Capital Advanced Services, GTR Source, American Express, PayPal, Knight, Itria, 1st Global Systems, Bitty, Swift, Lendr, Wellen, Gibraltar, SRS, SPG Advance, Second Chance Funding, Forward Financing, National Capital, Landmark, Richmond, Alpha, Accel, ACH, Ace, Regal, Bluevine, One Park, Fundbox, Lending Club, Credibility, Lendio, Quarterspot, Fundation, Balboa, Credibly, Payability, National Funding, ML Factors, New Logic, Accord, Americas, BFS , CFG, Elevate, Fora, Fox, Fundworks, Fundzio, In Advance, GRP, Infinity, Jet, Kalamata, Lendfi, Max Advance, MFS Global, Merchant Cash Group, NextWave, Pledgecap and more!
ARE THERE ANY LAWS THAT GOVERN MERCHANT CASH ADVANCE LOANS?
There is currently no law that limits how much interest a merchant cash advance company can charge. Since merchant cash advances are not considered loans in the traditional legal sense, but rather a purchase of future credit card receivable revenues, legally they are considered purchases and thus there is no regulation associated with them, both on a State and Federal level. This means Merchant Cash Advance Funders don’t need to follow state usury laws, which are set by each State to limit how much interest companies can charge on traditional loans or credit cards, making this industry ripe for abuses and like the wild west. The one type of regulation these companies fall under is the Uniform Commercial Code “UCC.” However, this code was written to keep business transactions uniform, but it does not regulate interest rates or cap interest rates in anyway.
HOW CAN THE INTEREST RATES ON THESE MERCHANT CASH ADVANCE LOANS BE LEGAL?
Merchant Cash Advance funders charge excessively high fees that can be calculated as an interest rate. While most State Laws prevent the charging of interest in excess of 25% to 30%, a Merchant Cash Advance is well in excess of this. In fact, we have encountered funders that charge in excess of 500%! How can this be legal? Unfortunately, current State Usury Laws do not apply to Merchant Cash Lenders. They are not subject to state usury caps, arguing that the transaction with the borrowing merchant is not a loan, but rather a “cash advance against future revenues.” More specifically, the funders claim they are merely buying future credit card receivables from the small business owner. Why does this matter? There is a very small but significant difference between a purchase of future credit card revenues and a so called loan. Only a loan is subject to usuary laws. Thus, a Merchant Cash Advance interest rate is usually legal.
Merchant Cash Advance Leads Live Transfer MCA leads
Merchant cash advance leads live transfer or mca leads is one of the most important factors of success in the funding business.
After the economic recitation of the USA, Many small businesses became bankruptcy.
Luckily, Merchant cash advance exists to help the small business owners.
If the business owner shows interested to take take the business cash advance, We transfer the client live over the phone to the funding manager of our clients.
Among all merchant cash advance leads live transfers is the most effective and low cost mca leads generation service.
MCA providers struggle to find and acquire quality leads. Learn how buying business loan leads is the best bet for the success of an MCA business!
Why Choose Merchant Financing Leads for MCA Live Transfer Leads?
An effective MCA marketing approach calls for an experience and skilled staff who knows the ins and outs of the merchant cash advance industry. If you want help to reach your target clients, Merchant Financing Leads is your best bet!
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