New York MCA Final Disclosure Laws DO ANY REGULATIONS EXIST THAT GOVERN A MERCHANT CASH ADVANCE? New York State, by all accounts the haven State for Merchant Cash Advances, ironically is also one of the first States to enact laws that require certain consumer like disclosures even for several commercial loans. This is significant development […]
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Merchant Cash Advance 101 – Explained Beginning early 2010, after the Great Recession, when the American housing market blew up and the world fell into a financial crisis, conventional banking institutions, for example Chase Bank and Citi, were unwilling to extend credit to small businesses. As a direct result of the housing debacle, banks reacted […]
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New York MCA Laws Updated New York’s Commercial Financing Disclosure Law SB 5740UPDATED AND CLARIFIED NEW REGULATION GOVERNING MERCHANT CASH ADVANCE POSITIONS IN THE STATE OF NEW YORK June 2, 2021 SB 5740 is New York State’s new law (commencing January 1st, 2021), requiring non-conventional lenders, including funders of Merchant Cash Advance, to make certain […]
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New York Enacts APR Disclosure Laws NEW YORK PASSES MERCHANT CASH ADVANCE REGULATION COMMENCING – JANUARY 1st 2022 “New York State Adopts Truth In Lending (TILA) – Like Disclosure Law for Business Loans, including Merchant Cash Advance and Purchase of Future Receivables.” The Birth of S.B 5470 On December 23rd of 2020, New York State […]
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Tackle All Your Debt with A Debt Relief Attorney Only a Consumer National Debt Relief Attorney Can Help You With Total & Lasting Debt Elimination! This applies to most forms of debt, including but not limited to Merchant Cash Advance Loans, Payday Loans, Hard Money Loans, IRS Tax Debt, Medical Bills, Credit Card Debt and […]
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