Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.
Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.
Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.
Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.
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In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.
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Last Updated on: 28th November 2023, 07:06 pm
Running a small business in Missouri can be extremely rewarding, but also comes with its fair share of challenges. Cash flow issues in particular can crop up when you least expect them – an equipment breakdown, slow season, or emergency expense can leave you scrambling to cover costs. That’s where merchant cash advances (MCAs) come in.
A merchant cash advance provides business owners with quick access to capital by advancing a lump sum of money in exchange for a percentage of future credit card sales. Unlike a bank loan, MCAs don’t require a strong credit history or collateral. The amount advanced is paid back automatically through small, daily deductions from your credit card processing account.While MCAs provide fast funding, they also come at a steep price. With interest rates ranging from 60% to 350% APR, the total repayment amount often ends up being double or triple the original advance. And if your business hits a rough patch, the rigid daily repayment structure can quickly snowball into a debt spiral.
Because of their high costs and tight repayment terms, MCAs open business owners up to several legal issues, including:
If you’re facing any legal issues related to your MCA, don’t go it alone. A Missouri MCA attorney can provide dedicated legal representation to resolve merchant cash advance problems. Specifically, an attorney can help with:
The seasoned MCA lawyers at Spodek Law Group have extensive experience representing Missouri business owners in merchant cash advance disputes. Over the past decade, our attorneys have negotiated countless MCA settlements and bankruptcy discharges for small business clients.
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