When are Merchant Cash Advances Loans? When Do They Cross the Line?
If you are a business owner struggling under debts from a merchant cash advance, you may be asking yourself how the advance you received can be legal. You may be wondering what you can do to get free of your debt and return to operating your business as usual. You may also be asking yourself some variation of the following questions: When may a merchant cash advance be considered by a court of law or a governmental regulatory agency to be a “loan”, as opposed to a “purchase of future receivables”? Under what circumstances does a merchant cash advance lose its unregulated...Continue reading