Is a Merchant Cash Advance Legal?

 Provided certain disclosures are met pursuant to S.B. 5470 and that risk to changes in receivables are carried and borne entirely by the lender, coupled with several other legal criteria (the specifics of which are not applicable for this article), and it is possible for a bona fide Merchant Cash Advance, (i.e. in compliance with all laws) to exist.


https://grantphillipslaw.com/new-york-enacts-apr-disclosure-laws/

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