Can I Consolidate MCA Loans?
Quick Answer Can I consolidate multiple MCAs into one payment? True consolidation means replacing multiple MCAs with a single, lower-cost product — a term loan, SBA loan, or line of…
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Merchant Cash Advance Went to Collections: Now What?
Quick Answer What should I do if my MCA goes to collections? Do not ignore collection calls. MCA collection agencies are typically more aggressive than consumer collectors. Document all communications,…
Can MCA Lenders Take My Personal Assets?
Quick Answer Can MCA funders seize personal assets? Yes, if you signed a personal guarantee. The personal guarantee allows the funder to pursue your personal assets — bank accounts, real…
How to Request Revised MCA Payments
Quick Answer How do I request lower MCA payments? Send a formal reconciliation request to your funder citing the reconciliation clause in your agreement. Include bank statements showing reduced revenue.…
How are MCA Payments Structured?
Quick Answer How are MCA payments structured? Most MCAs use fixed daily ACH withdrawals from your business bank account (Monday–Friday). Some use weekly withdrawals. The amount is calculated by dividing…
How to Get Out of MCA Debt
Quick Answer What is the best way to get out of MCA debt? The best exit depends on your situation: settlement (30–60 cents on dollar), reconciliation (reduced payments), refinancing (replace…
Can You Refinance a Merchant Cash Advance?
Quick Answer Can I refinance my MCA? Refinancing means replacing an MCA with cheaper financing — a bank loan, SBA product, or line of credit. This is possible if you…
What Is a Merchant Cash Advance Confession of Judgment?
Quick Answer What is a confession of judgment in an MCA? A confession of judgment (COJ) is a pre-signed legal document that allows the MCA funder to obtain a court…
How Do Merchant Cash Advance Fees Work?
Quick Answer What fees are involved in an MCA? The primary fee is the factor rate premium — the difference between the advance and the purchased amount. Additional fees may…
What Happens to a Merchant Cash Advance If My Business Closes?
Quick Answer Am I still liable for an MCA if my business closes? It depends on your personal guarantee. If you signed one (most MCAs require it), you are personally…