Over the past several years, the merchant cash advance (MCA) industry has grown substantially, fueled by small and middle market businesses needing quick financing once COVID-relief programs ended, with creative and aggressive lenders waiting to meet those needs. Before considering legal options for businesses that have secured MCAs, it is important to understand what an MCA is and why it poses a risk.
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Over the past several years, the merchant cash advance (MCA) industry has grown substantially, fueled by small and middle market businesses needing quick financing once COVID-relief programs ended, with creative and aggressive lenders waiting to meet those needs.
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