Merchant Cash Advances: A Path to Debt Trouble

Merchant cash advances, like those offered by Everest Business Funding, may seem like a quick fix for struggling businesses, but they often lead to long-term debt problems. The high interest rates and short repayment terms associated with merchant cash advances (MCAs) can make it difficult for businesses to keep up with payments and manage other expenses.

Breaking Free from Debt with Solve Debt

If your business has fallen into the trap of taking out an MCA from Everest Business Funding, it’s not too late to turn things around. With over 20 years of experience, Solve Debt ia team of strategists dedicated to helping businesses escape debt and avoid bankruptcy. They work with you to pay off debt, improve cash flow, and get your business back on track.

Alternatives to Merchant Cash Advances

There are better financing options available for businesses in need of cash. Short-term loans with more lenient repayment terms can be a better option for businesses who don’t qualify for traditional loans. And lines of credit, which work like a credit card, allow your business to borrow what you need at a more favorable interest rate. These alternatives can reduce debt, improve cash flow, and give you peace of mind.

Everest Business Funding: FAQs

Q: What is Everest Business Funding?

Everest Business Funding claims to provide small businesses with working capital through merchant cash advances, ranging from $5,000-$1 million. The funds can be used for various expenses such as payroll, renovations, equipment purchases, and opening new locations. The company works with businesses in industries like healthcare, food service, retail, trade, and seasonal businesses.

Q: Why choose Everest Business Funding?

The company boasts a fast and easy application and funding process, with approval and access to funds in as little as 24 hours. The speed and convenience may be tempting for business owners in need of quick cash.

Q: How are Merchant Cash Advances repaid?

A business repays a merchant cash advance by dedicating a portion of its sales to the creditor on a daily, weekly, or monthly basis. This can result in APRs reaching triple digits, depending on the loan term and the success of the business.

Q: Where is Everest Business Funding located?

Everest Business Funding has two locations:

8200 NW 52nd Ter. 2nd Floor, Doral, FL 33166

5 West 37th Street Suite 1100, New York, New York 10018

Debt Collection Lawsuit Defense: Here to Help

Are you struggling to make payments to Everest Business Funding EBF Partners and facing UCC Liens, lawsuits, or judgments? Look no further. Our debt lawyers are here to analyze your budget and help you determine the best course of action. Whether it’s working out a payment arrangement, defending a lawsuit, settling for less, or even filing for bankruptcy, we’ve got you covered.

Defending Against Merchant Cash Advance Lawsuits

In some cases, a solid defense is all it takes to have a Merchant Cash Advance lawsuit dismissed. In other situations, we can even settle the lawsuit for less than what you owe – without ever having to go to court. If you don’t have the funds to settle, our lawyers can help postpone the trial and build up funds for negotiating a deal. Each debt collection lawsuit is unique, and our experienced debt lawyers will work with you to develop a customized strategy that fits your needs and budget.

Negotiating Payment Plans and Debt Settlements

Our debt lawyers and attorneys can provide you with payment plan negotiations, debt settlement, defense litigation, and bankruptcy services to help with your debt collection lawsuit defense. If you signed a Confession of Judgment (COJ) or were not served correctly, leading to a default judgment, we can help you fight back. We have a successful track record of vacating judgments and saving our clients thousands of dollars in seized funds.

Everest Business Funding EBF Partners Froze My Bank Account

If a judgment has been entered against you and your bank account is frozen, we can help. Most of the time, we can settle bank levies for less than the amount owed, freeing up your frozen funds and saving you thousands of dollars. If you don’t have the funds to settle, we can even help you work out a payment plan or file for bankruptcy if you qualify. Trust us – we’ll find a way to assist.

Lien Against My Property

If a judgment has been entered against you and a lien has been placed on your property, we can help settle the lien for less than the amount owed, saving you thousands of dollars in equity. If you don’t have the funds to settle in advance of your sale or refinance, we can even help you work out a payment plan or file for bankruptcy if you qualify. And once you pay off the negotiated amount, we’ll obtain an Order of Lien Release for you, removing the lien from your property.

Confession of Judgment and UCC Liens Against Your Business

If there is a Confession of Judgment (COJ) or a Uniform Commercial Code Lien (UCC Lien) against your business, your receivables are at risk of garnishment. Our debt lawyers can settle the amount for less than what’s owed, negotiate a partial release of the account and lower affordable payments to get you back on track, or even arrange a full release in rare instances. Don’t let these UCC and COJ liens hold you back – we’re here to help.

Don’t let debt collection lawsuits and liens weigh you down. Contact us today and let our debt lawyers and attorneys help you find the best solution for your situation.