Business Debt Relief
STAY INFORMED
The Lane Law Firm Blog
Jul 20, 2023
[Case Study] Small Business Saved: Payments to Merchant Cash Advance Companies Slashed by 77%
Introduction: When faced with financial challenges, small business owners often seek a lifeline to...
Apr 20, 2023
Is a Merchant Cash Advance for Small Businesses a Good Idea?
If your small business is facing financial difficulties in paying bills or employee wages, you may...
Jan 10, 2023
Should You Sign a Personal Guarantee on a Business Loan?
Nearly all lenders hope to secure personal guarantees, even when unnecessary, and will therefore...
Nov 15, 2022
Business Debt vs. Personal Debt: What’s the Difference?
At first, business and personal debt can seem like two very different things. But if you are a...
Oct 12, 2022
Is Merchant Cash Advance Legal?
If merchant cash advances (MCAs) are so bad for your business, you might wonder if, how, and why...
Aug 8, 2022
Types of Personal Guarantees
Getting funding for a small business, especially a new small business, can be tricky. From applying...
Aug 3, 2022
Merchant Cash Advance vs. Loan: What's the Difference?
Predatory MCA lenders want creditors to think that their MCAs are just as trustworthy as a bank...
Jun 28, 2022
[Video] What Are My Options When My MCA Lender is Harassing My Customers?
When a merchant cash advance company, or any high-interest lender, is contacting your customers,...
Jun 21, 2022
What Happens If a Judgment Has Been Filed Against My Business?
If a lender or a merchant cash advance company has sued you and obtained a judgment against your...
Jun 15, 2022
[Video] What Are My Options If A Merchant Cash Advance Lender Is Harassing Me?
If you're receiving harassing calls, text messages, emails, or maybe even calls into your office,...
Jun 7, 2022
I Signed a Personal Guarantee. What Could This Mean for Me?
If your business is taking on debt, and you sign a personal guarantee, it absolutely can affect...
Jun 2, 2022
What Should I Do If a UCC Lien Has Been Filed Against My Business?
What should I do if a UCC lien has been filed against my business? If a UCC has been filed against...
May 24, 2022
What Should You Do If You Can Only Make a Partial Payment?
What Should You Do If You Can Only Make a Partial Payment? If you can only make a partial payment...
May 17, 2022
What Should I Know If My Business Is Considering Debt Consolidation?
What should you know if my business is considering debt consolidation? If your business is...
May 10, 2022
What Is a Confession of Judgment?
What is a Confession of Judgment? A confession of judgment, in essence, is you promising that you...
Apr 19, 2022
Will My Possessions Be Seized If I Can't Make Business Loan Payments?
If your business finds itself in the position where you can't make your payments to your high...
Apr 12, 2022
What Business Owners Should Know Before Taking a Merchant Cash Advance
If your business is contemplating taking a merchant cash advance, tread carefully. Maybe this is...
Mar 21, 2022
How Business Debts & Liabilities Can Become Your Personal Problem
If your business is dealing with aggressive debt collectors, is at risk of bankruptcy, or is...
Mar 15, 2022
Can I Get a Business Loan with No Credit Check?
Many of our clients come to us asking if they can get a business loan with no credit check. The...
Mar 15, 2022
[Video] What Are My Options If I Can’t Make My Merchant Cash Advance Payments?
If your business is unable to make daily or weekly payments to your merchant cash advance, there...
Mar 8, 2022
[Video] If I Can’t Pay My MCA Lender, Can They Seize My Bank Account?
If you're unable to pay your merchant cash advance lender — in other words, if you're in default,...
Mar 1, 2022
What Should I Do If My Business Was Denied SBA Aid or a PPP Loan?
If your business applied for SBA aid or was denied getting a PPP loan, and you no longer can make...
Feb 28, 2022
What is a Merchant Cash Advance?
There's a lot of swirling information out there about merchant cash advances. Some resources say...
Feb 22, 2022
[Video] What to Do If You’re Struggling to Make MCA Payments?
If your business has taken a merchant cash advance, in essence, you have sold future receivables —...
Jan 26, 2022
What Happens if You Default on a Merchant Cash Advance?
Merchant cash advances are an all-too-common debt trap for businesses. Unfortunately, most...
Dec 29, 2021
Am I Personally Liable for Business Debt?
If you own a business that's struggling with mounting debt, you may be wondering if, or how,...
Dec 22, 2021
How to Get Out of Business Debt in 5 Not-So-Easy Steps
Business debt can be terrifying, but isn't uncommon. If your business is in debt, and you're not...
Nov 15, 2021
What is a Reverse Consolidation?
If your business is struggling to keep up with multiple merchant cash advance payments, you may be...
Nov 2, 2021
Unsecured vs. Secured Debt: The Basic Breakdown
When your business needs to borrow money, you have two basic types of debt options — unsecured and...
Sep 14, 2021
How Can I Get Out of a Merchant Cash Advance?
Merchant cash advances (MCAs) are a financing option that many small businesses choose. Because...
Sep 7, 2021
What Do I Do if My Bank Account is Frozen?
There's no feeling worse than going to make a simple payment, only to find that your card has been...
Nov 22, 2019
Bills that Protect Small Businesses Going to House for Consideration
The House Committee on Financial Services passed two important bills on November 14, 2019, which,...
Sep 11, 2019
Merchant Cash Advance Borrowers get Relief with COJ Bill Passage
For unsuspecting (and often desperate) small business owners who took out Merchant Cash Advances as...
Jan 18, 2019
Beware of the Merchant Cash Advance Debt Trap!
Small businesses, like all businesses, need cash to operate. But for many small businesses, gaining...