MCA and Senate Bill 1235
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.