Candy Warehouse found itself struggling under more than $760,000 in merchant cash advance (MCA) obligations. The business was also dealing with frozen credit card receivables, creating additional pressure on its cash flow and ability to operate.
With MCA payments consuming valuable business revenue, Candy Warehouse needed a way to address its debt while preserving the business.
The Lane Law Firm helped Candy Warehouse address its MCA obligations and negotiate a dramatically reduced amount. The result was a reduction from more than $760,000 to less than $40,000. That represents a reduction of more than $720,000 or more than 94% of the original debt. By significantly reducing its MCA debt, Candy Warehouse was able to move forward without the burden of more than $760,000 in MCA obligations.
Merchant cash advance debt can create significant financial pressure, particularly when multiple advances or aggressive payment structures begin affecting a business's cash flow. Candy Warehouse's result demonstrates that business owners struggling with MCA debt may have options for addressing overwhelming obligations.