MCA Frequently Asked Questions

Answers to Common Questions About Merchant Cash Advances

A merchant cash advance (MCA) can be a valuable financial tool for business owners seeking quick access to capital to maintain smooth operations. These advances provide a lump sum of cash in exchange for a portion of future sales or daily bank deposits. This infusion of capital can be particularly beneficial for businesses facing short-term cash flow challenges or needing funds for growth opportunities.

If you’re running a business, it’s normal to have a lot of questions about MCAs—especially when it comes to knowing when to contact an MCA lawyer for help. Keep reading to learn more about common questions about merchant cash advances

If you have questions about your specific legal situation, contact The Law Office of Jonathan P Rubin PLLC for help today!

  • Do I Need a Lawyer for My Merchant Cash Advance?

    Whether you need a lawyer for your merchant cash advance depends on your familiarity with the legal terms, complexity of the agreement, and your comfort level negotiating and understanding potential risks. In most situations, consulting a lawyer is beneficial. This legal professional can provide valuable insights, protect your rights, and ensure compliance with regulations.

  • How Can a Lawyer Help Me Negotiate MCA Terms?

    A lawyer can help you negotiate merchant cash advance (MCA) terms by analyzing the agreement, identifying negotiable terms, advocating for more favorable conditions on your behalf, and ensuring legal compliance and protection of your rights throughout the negotiation process.

  • What Are My Legal Rights If I Believe My MCA Providers Is Acting Unfairly?

    If you believe your MCA provider is acting unfairly, your legal rights may include seeking recourse through contractual terms, disputing charges, filing complaints with regulatory authorities, or pursuing legal action for breach of contract or unfair business practices.

    Consulting with a lawyer can help you understand and assert your rights effectively.

  • Can a Lawyer Help Me Get Out of My Merchant Cash Advance?

    Yes, a lawyer can potentially help you explore options for exiting your merchant cash advance (MCA), such as negotiating with the MCA provider, assessing contractual terms for termination clauses, and advising on legal avenues for early termination or renegotiation.

  • What Are the Fees Associated with Hiring an MCA Lawyer?

    The fees associated with hiring a lawyer for a merchant cash advance (MCA) can vary depending on factors such as the complexity of the case, the lawyer's experience, and the billing structure (hourly rates, flat fees, contingency fees).

    It's advisable to discuss fees and payment arrangements with the lawyer during the initial consultation.

  • What Information Should I Provide to a Lawyer When Seeking Help with MCA?

    When seeking help from a lawyer regarding a merchant cash advance (MCA), provide them with relevant documents such as the MCA agreement, financial statements, communication with the MCA provider, and any other pertinent information about your business and the MCA transaction.

  • How Long Does It Take to Resolve an MCA Issue with a Lawyer’s Help?

    It could range from a few weeks to several months or longer. The time it takes to resolve an MCA issue with a lawyer's help can vary significantly depending on factors such as the complexity of the case, the willingness of the parties to negotiate, any legal proceedings involved, and the lawyer's approach.

  • What are the Different Types of Legal Services Available for MCA Issues?

    The different types of legal services available for merchant cash advance (MCA) issues include legal consultation and advice, contract review and negotiation, dispute resolution, regulatory compliance guidance, and representation in legal proceedings such as arbitration or litigation.