So your business cash flow slowed down and you needed capital to keep your business going. You went to the last funding source out there...the merchant cash advance, didn't you?
Now you realize you can't fulfill their ridiculous payment terms, right?
So, you are now wondering, what happens if you end up defaulting on a merchant cash advance loan.
In fact, I would say that most of our new clients carry merchant cash advance loans these days. It's no surprise, as this has been a huge growing industry when traditional banks refused to lend to small businesses. There have been $billions of loans through MCAs since 2009.
So please, do yourself a favor and read our article on the subject to find out what your options are.http://secondwindconsultants.com/defaulting-on-a-merchant-cash-advance-loan