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 Texas Merchant Cash Advance Debt Settlement Attorneys

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Helping Texas Small Businesses Since 2009

 

 

 

COVID-19 cell with the words "Impacted by COVID-19?" and "Here are some resources that may help." on it.

 

We’re committed to helping Texans through this tough time. If you have questions regarding what help is available to you or your business, give us a call…we want to help! No cost, no obligation, and no sales pitch.

Here are some resources that may help:

SBA Disaster Business Loan Application

SBA – Small Business Guidance & Loan Resources

Texas Small Businesses Resources

Guide to The CARES Act

Avoid Coronavirus scams

 

 

Merchant Cash Advance / Business Debt Settlement Services

  • 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. 

Consultations are CONFIDENTIAL and FREE, so schedule yours today.

We'll examine your unique situation and tailor a plan to help:

  • Regain access to your money
  • STOP lender harassment
  • Lower your daily or weekly payments
  • Negotiate principal and interest rates to save you money
  • Restore your good reputation

Don’t let business debt cost you your business – get relief today from the debt settlement experts at The Lane Law Firm!

Need Help Settling Your Debt? Click Here for Help

Free Case Review

 
Quote Mark White-1 
I hired The Lane Law firm to help protect me against an unscrupulous business loan company. [They] not only helped me stop collection efforts, but also successfully counter-sued them, including a six-figure judgement against the loan company. Great Service!
-Chris D.

Aggressive Business Debt Settlement Lawyers at Affordable Rates

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.

 

Merchant Cash Advances

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!

Need Help Settling Your Debt? Click Here for Help

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:

  • Stop creditors from harassing you, your business, franchisees, employees and clients
  • Negotiate a settlement and/or make repayment arrangements
  • Enforce Texas and Federal laws regarding fair debt collection
  • Examine Chapter 11 or 7 business bankruptcy options

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!

 

What Exactly is a Merchant Cash Advance?

A Merchant Cash Advance (MCA) is an unconventional finance product (i.e. loan) whereby a business is given a cash advance (typically on credit and debit card sales, but not necessarily) in exchange for repayment from future sales. In layman's terms, Merchant Cash Advances are payday loans for businesses.

MCAs can quickly inject capital into a business with cash-flow challenges. But these non-regulated cash advances are plagued by aggressive repayment schedules and outrageous fees. That makes it difficult for small businesses to break the borrowing cycle and dig out of the deep financial hole an MCA creates - especially when a business takes on more than one Merchant Cash Advance loan.

Repayment is typically on a daily or weekly basis. Most advances - plus significant fees and overwhelming interest - are repaid within six months. These "business payday loans" have exorbitant interest rates so the lenders are incentivized to keep rolling the old loans into new loans as long as you can keep paying, or they break the back of the business, whichever comes first.

MCA debt payments can quickly become overwhelming, so if your business is struggling to pay your MCA, it's important you act fast before your bank account and other receivables are frozen or seized by the MCA lender. Yes, they will do that!

 

Man with ball and chain on his leg that says “Debt” struggles to hold on a cliff with the title “Beware of the Merchant Cash Advance Debt Trap!”

 

 
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In the event a client should choose bankruptcy and seek our help to file under the United States Bankruptcy Code, The Lane Law Firm would be considered a debt relief firm.  We are not licensed by the Texas Board of Legal Specialization.  Use of this website does not constitute legal advice and does not establish an attorney-client relationship.  None of this content may be used without express written consent. Images are not intended to portray actual clients; they are for navigational purposes only. Principal Office: 6200 Savoy Dr. Ste 1150, Houston, TX 77036

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