Posts

Stacking Multiple Positions Often Leads to the Need to Renegotiate Terms.

  The need to negotiate with a funder about new terms or obtain a settlement, is most common in the MCA world, when a business originates multiple different MCA’s. As the MCA funder continues to “pull” debits via ACH, the business revenues decline and payments soon become fiscally impossible. This is the number one reason a merchant chooses to take a 2nd or multiple positions with multiple funders. This is known in the industry as stacking. https://grantphillipslaw.com/is-it-possible-to-negotiate-with-an-mca-funder-directly/
Post a Comment
Read more

Honest Reviews of Hunter Caroline Legal Department You Can Trust

Image
 Looking for reviews of Hunter Caroline legal department? Grant Phillips Law, PLLC provides expert insights and guidance to help your business evaluate prior cases and navigate legal challenges confidently. Reviews of Hunter Caroline legal department
Post a Comment
Read more

Explore Cases: Has Anyone Sued 60 Day Capital for Usury?

Image
 Curious has anyone sued 60 Day Capital for usury? Grant Phillips Law, PLLC can review your situation and provide professional advice on pursuing or defending against usury claims effectively. Has anyone sued 60 Day Capital for usury?
Post a Comment
Read more

Tackle All Your Debt with A Debt Relief Attorney

  Only a Consumer National Debt Relief Attorney Can Help You With Total & Lasting Debt Elimination! This applies to most forms of debt, including but not limited to Merchant Cash Advance Loans, Payday Loans, Hard Money Loans, IRS Tax Debt, Medical Bills, Credit Card Debt and in certain instances even Student Loan Debt. https://grantphillipslaw.com/tackle-all-your-debt-with-a-debt-relief-attorney/
Post a Comment
Read more

New York Enacts APR Disclosure Laws

  The intent of S.B 5470 is to provide corporate and small business borrowers with more transparency surrounding their taking of credit, in order to allow for better, more informed decisions, a clearer understanding of how much is being borrowed and under what terms and to provide a corporate borrower with the ability to compare different offers of credit. https://grantphillipslaw.com/new-york-enacts-apr-disclosure-laws/
Post a Comment
Read more

New York MCA Laws Updated

  Advance, to make certain disclosures in the contract paperwork, available for a small business borrower to make informed borrowing decisions. Examples of required disclosures include revealing the total cost of financing as well as presenting the small business borrower with a defined APR (Annual Percentage Rate). https://grantphillipslaw.com/new-york-mca-laws-updated/
Post a Comment
Read more

Merchant Cash Advance 101 – Explained

  Beginning early 2010, after the Great Recession, when the American housing market blew up and the world fell into a financial crisis, conventional banking institutions, for example Chase Bank and Citi, were unwilling to extend credit to small businesses. https://grantphillipslaw.com/merchant-cash-advance-101-explained/
Post a Comment
Read more