Senate Bill 1235 and the Effects on MCA
- March 1, 2019
Leaders in the merchant cash advance (MCA) industry take calculated risks to fund small businesses with the expectation of receiving future receivables. But, sometimes, even if a company works with a merchant to reduce daily, weekly or monthly payments to help ensure the company doesn’t go bankrupt, the merchant defaults and appears to drop off the face of the earth.
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About the author: Lauren Hanley-Brady is an attorney with Global Legal Law Firm, whose attorneys are well recognized as top payments industry experts.
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