PDLFL LAW

What is a Merchant Cash Advance Loan?

A merchant cash advance loan is a type of financing that provides short-term working capital to businesses. It is generally used by small business owners who need cash quickly and are unable to get traditional financing due to lack of collateral, bad credit, or other factors.

How Can PDLFL Law Help?

PDLFL Law understands the financial burden faced by consumers and businesses that have taken out merchant cash advance loans during this difficult time. We can help defend against UCC liens, lawsuits and judgements from lenders who are trying to collect payments on loans that have gone into default or are delinquent.

What Is an MCA UCC Lien?

You’ve taken out a merchant cash advance (MCA), you may already have an MCA UCC lien on your business credit reports. While this is typical for MCAs and other forms of business financing, it could impact your ability to get credit in the future. This is especially the case if the information in the UCC lien is incorrect. Moreover, the lien could impact your business if you fail to repay the merchant cash advance.

How to Get Rid of an MCA UCC Lien?

In most cases, UCC-1 filings are removed as soon as the borrower has repaid the debt. However, an MCA UCC lien can stay on your business credit reports, even after you’ve satisfied the debt. If this happens, you have some options hire a Business Attorney.

When to Consider Hiring an Attorney?

If you don’t have the time to deal promptly with your MCA funder. In many situations where something goes wrong with a UCC lien, An attorney can also be worth considering if you’ve defaulted on your MCA. An attorney can also help you navigate the process and even negotiate a settlement to pay less than what you owe. Merchant cash advances are one of the most expensive forms of business funding.