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Merchant Cash Advance

Business Debt Law Group > Merchant Cash Advance (Page 3)

How to Get Out of a Merchant Cash Advance


When your merchant cash advance payments become unaffordable, and you feel that you may not be able to continue with your scheduled payments, what should you do? Request a Forbearance The first thing is to contact your merchant cash advance lender. Advise them of your current situation and ask them how they may be able to help you. The lender may be willing to offer what is referred to as a forbearance. That may allow you a month or two of no payments to help you to catch up. Possibly, the lender may also be willing to lower your payments for an agreed period...

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How to Know if Your Merchant Cash Advance is Bad


Did your merchant cash advance funder give you a bad loan/advance? At some point, most businesses require additional funding to cover short term expenses or help their businesses grow. Traditional bank funding is obviously the most logical means of attaining additional capital, but it is not always realistic. You must have decent financials, good credit, adequate personal net worth and sometimes collateral to secure a loan. Many businesses who do not qualify for traditional bank financing are forced to take a merchant cash advance. This is basically an advance (loan) predicated on your future sales. What Can Be Found in a Merchant Cash...

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