MCA Default – Should I get into a Payment Plan Post-Default?

MCA Default

Should I get into a Payment Plan Post-Default?

With the dramatic surge in calls we have received related to troubled Merchant Cash Advance loans, it’s time to set the record straight on an issue that we frequently run into. We have written about this many times and you can read this article on the topic of MCA default

Upon defaulting on your daily payments owed to MCA creditors, you will most certainly encounter the aggressive, ...

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How to Protect yourself during a Merchant Cash Advance Loan Default

How to Protect yourself during a Merchant Cash Advance Loan Default

Recently Second Wind Consultants has seen a large influx of business owners overburdened with merchant cash advance loans and other forms of high-interest short term financing. Instead of one large monthly payment, these multiple, often daily, payments are strangling cash flow of an otherwise “stable” business. We have other articles on the topic that have received much praise, hopefully, this one helps you out too.

The ...

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Defaulting on a Merchant Cash Advance Loan?

Defaulting on a Merchant Cash Advance Loan?

In the years leading up to the 2008 financial crisis, small business owners had a consistent source of short term capital, their home equity. Rapidly rising house prices allowed them to borrow against their homes and put the money into their company to buy more inventory, fulfill a purchase order, hire more employees, etc.

Then things changed. The 2008 financial crisis crippled home equity nationwide and tightened lending standards. Business owners in desperate ...

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