Do you have a merchant cash advance you are not able to pay? Have you faced legal issues and lost your peace of mind? If you’ve received notice from your lender, you may be asking yourself what Merchant Cash Advance Apr Disclosures are and what it entails. Many small businesses decided to access quick cash in order to run their businesses quickly and more effectively. Some businesses need new equipment, some others need to cover payroll, etc. If a business owner does not qualify for traditional financing, a Merchant Cash Advance Loan may be a great option that can help the business thrive step by step. However, before taking out that cash advance, simply review the terms in order to be aware of all charges that will likely incur. Merchant Cash Advance Apr Disclosures carry a separate, and often higher, interest rate than purchases or balance transfers. That means if you opt for Merchant Cash Advance Apr Disclosure you will be charged interest starting from the date you withdraw a cash advance. So, the statement of Merchant Cash Advance Apr Disclosure must state clearly the amount financed, the total costs involved, the length of time, the frequency and amount of payments to be made as well as state clearly the method of how payment is made, an explanation of pre-payment consequences, and state the total cost of the financing as an annual percentage rate.

It was in Septmeber 2019 when New York enacted a law banning New York Funders from issuing a Merchant Cash Advance Confession of Judgment to an out of State borrower like a California Resident. It’s like this – when a borrower from California takes out an MCA from a New York based MCA funder, this funder is not able to issue the California based borrowing merchant a Merchant Cash Advance Confession of Judgment. If you have already signed Confession of Judgment or you have just signed legal document called an “Agreed to Judgment”, hurry up to contact the expert lawyers at Grant Phillips Law, PLLC. This team is always there for you to preserve your legal rights, enforce those rights and protect you and your business.

Hardly can you find such a dedicated team because Grant Phillips Law, PLLC is committed to helping every individual in such a tough situation. Today, many small business owners face issues related to merchant cash advance loan and end up getting worse results. Very often payments and interest become too high for them to handle on their own. Of course, when you choose merchant cash advance, the money can be received quickly. However, a lot of business owners do not realize they will soon set themselves up for potential bankruptcy. Therefore, if you’ve taken an advance from a merchant cash advance lender and are now struggling to address your situation, contact one of the experienced merchant cash advance attorneys from Grant Phillips Law, PLLC and you will never regret it.