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/n....ew-york-mca-laws-upd

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/m....erchant-cash-advance

DO ANY REGULATIONS EXIST THAT GOVERN A MERCHANT CASH ADVANCE?

New York State, by all accounts the haven State for Merchant Cash Advances, ironically is also one of the first States to enact laws that require certain consumer like disclosures even for several commercial loans.



https://grantphillipslaw.com/n....ew-york-mca-final-di

merchant cash advance blog | Grantphillipslaw.com

Stay informed with the Grantphillipslaw.com merchant cash advance blog. Get expert legal advice and stay ahead in the competitive business world.

https://grantphillipslaw.com/blog/

Debt negotiation lawyer raleigh | Grantphillipslaw.com

Hire a trusted debt negotiation lawyer in Raleigh from Grantphillipslaw.com. Get the legal support you need to overcome your debt struggles.

https://grantphillipslaw.com/