Has a Merchant Cash Advance (MCA) destroyed your cash flow?
Is your small business being harassed by annoying collection calls?
Have your bank or merchant processing accounts been frozen?
Did you sign a Confession of Judgment or Personal Guarantee?
Do you need help reducing or eliminating your MCA payments?
If you answered "YES" to any of these questions then you need help from our Merchant Cash Advance Debt Settlement Attorneys!
At The Lane Law Firm, our experienced business debt settlement team will explore every option available to resolve your business liabilities while protecting your interests. Whether its a traditional small business loan, supplier lawsuit, ACH loan, cash flow loan, or Merchant Cash Advance that got you in a bind, our team will help you create a strategy to settle your debts that works best for your specific financial situation so you can focus on growing your business instead of worrying about your debts.
We routinely negotiate payoffs for our clients that are below their principal balance so they pay back less than they owe.
We'll examine your unique situation and tailor a plan to help:
Don’t let business debt cost you your business – get relief today from the debt settlement experts at The Lane Law Firm!
When seeking help to settle a business debt, it’s important to hire an a law firm with an excellent reputation so that you are confident knowing your business has an experienced advocate on its side.
As a small businesses owner, you know managing cash flow is tough. Unless you're following Dave Ramsey's plan on how to run a debt-free business, you probably rely on debt as a necessary part of operating your company.
An injection of capital can help you expand your business by hiring additional employees, acquiring new equipment, and purchasing inventory. It can also help you smooth out the slow months and make sure employees (and you) get paid. But too much debt - especially the wrong kind of debt - can put your small business at risk.
In the aftermath of the financial crises, traditional bank loans weren't as readily available for smaller, less established small businesses like yours. Even SBA loans are out of reach or too cumbersome for many, leaving owners no alternative but to rely on more expensive and riskier alternative financing options such as credit cards, invoice factoring, and Merchant Cash Advances (MCA). It is estimated that over $15 billion worth of alternative loans were funded in 2017 and those figures are expected to continue to grow.
These often unsolicited loans are aggressively peddled by non-traditional lenders who prey on desperate business owners like you who are so intent on keeping their businesses afloat they fail to see the hidden risks they are taking. Unfortunately, once sucked in by the first loan, it can be nearly impossible to get out due to high fees and even higher interest rates. Even business owners who make their payments on time can fall victim to the these unscrupulous lender's practices. And if you find yourself taking out a second loan to help pay the first - a practice known as loan stacking - your livelihood is now in a death spiral!
If you're already caught in the trap of one or more MCAs, and your business is in Texas, we can help settle your MCA debt. We'll examine your situation at no cost and advise you on the best possible debt structure to help save your business from collapsing under the weight of the debt and related collection actions.
In addition, we'll:
If you have challenges with your Merchant Cash Advance(s), contact our debt settlement team at 866-292-7107. We'll help you take back control of your cash flow and your business!
