Shows
Corporate Bankruptcy A to ZBonus Ep 1 Merchant Cash Advances / MCAs (Guest Marc Mellman with MCA Stacking Solutuions)**Caution: Be sure you speak to a CRO or Lawyer before filing for Bankruptcy. This podcast is meant to educate and is not financial or legal advice** Welcome to Corporate Bankruptcy A to Z, a show designed to educate you on the ins and outs and the dos and don'ts of corporate bankruptcy. On this show, you will hear experts from every step of the bankruptcy process answer the questions that you will need to know, from the simple to the complex. Find more at corporatebankruptcyatoz.com05:19 – Definition of a Merchant Cash A...
2022-02-1639 min
Answers That Count - Hosted By Charles MusgroveDoes MCA Debt Lead to Death Spiral?Merchant Cash Advance debt is an indication that a company has cash flow problems. MCA is normally the last alternative for financing. The MCA contracts do provide quick cash, they are easy to be approved and often times require both daily repayment and APR of over 200%.
On this episode, we we are joined by Marc Mellman, founder of MCA Stacking Solutions, for a discussion about how to get out of the rabbit hole of the MCA contracts, which often times the debtor will have multiple or 'stacked' MCA contracts. Marc talks about how New York is one o...
2021-03-0930 minAnswers That Count - Hosted By Charles MusgroveMCA or Business Payday Loan, The Dark Side of Finance!#mca, #finance, #payday
When cash is tight and businesses are desperate for survival, Merchant Cash Advance provides immediate cash to live to fight another day. However, the 'life' they provide can be short-term and usually leads to stacking of more MCA loans. Normally, the first MCA loan creates a violation of terms of pre-existing loans.
MCA loans is a unique financing tool and is similar to the pay day loans, which are loans available for the individuals. Or, at least they were at one time until most states made them illegal. These type loans have...
2020-10-1529 min