grantphillipslaw.com

# Grant Phillips Law PLLC


## Posts

- [New York MCA Final Disclosure Laws](https://grantphillipslaw.com/new-york-mca-final-disclosure-laws/): New York MCA Final Disclosure Laws DO ANY REGULATIONS EXIST THAT GOVERN A MERCHANT CASH ADVANCE? New York State, by all accounts the haven State for Merchant Cash Advances, ironically is also one of the first States to enact laws that require certain consumer like disclosures even for several commercial loans. This is significant development since New York’s Commercial Finance Disclosure Law (CFDL) went into effect August 1st, 2023 and in the law the CFDL has extended disclosure requirements ordinarily required for consumer lending to commercial financing instruments such as a merchant cash advance. The laws apply equally to both […]
- [Merchant Cash Advance 101 - Explained](https://grantphillipslaw.com/merchant-cash-advance-101-explained/): Merchant Cash Advance 101 – Explained Beginning early 2010, after the Great Recession, when the American housing market blew up and the world fell into a financial crisis, conventional banking institutions, for example Chase Bank and Citi, were unwilling to extend credit to small businesses. As a direct result of the housing debacle, banks reacted with a plethora of new internal regulation, making it almost impossible for the average small business to qualify for a business loan. Worse yet, the Government’s intervention in saving the banking industry, brought with it more regulation, laws and strict underwriting standards, making it exceedingly […]
- [NEW YORK MCA LAWS UPDATED](https://grantphillipslaw.com/new-york-mca-laws-updated/): New York MCA Laws Updated New York’s Commercial Financing Disclosure Law SB 5740UPDATED AND CLARIFIED NEW REGULATION GOVERNING MERCHANT CASH ADVANCE POSITIONS IN THE STATE OF NEW YORK June 2, 2021 SB 5740 is New York State’s new law (commencing January 1st, 2021), requiring non-conventional lenders, including funders of Merchant Cash Advance, to make certain disclosures in the contract paperwork, available for a small business borrower to make informed borrowing decisions. Examples of required disclosures include revealing the total cost of financing as well as presenting the small business borrower with a defined APR (Annual Percentage Rate). SB 5740 applies […]
- [NEW YORK ENACTS APR DISCLOSURE LAWS](https://grantphillipslaw.com/new-york-enacts-apr-disclosure-laws/): New York Enacts APR Disclosure Laws NEW YORK PASSES MERCHANT CASH ADVANCE REGULATION COMMENCING – JANUARY 1st  2022 “New York State Adopts Truth In Lending (TILA) – Like Disclosure Law for Business Loans, including Merchant Cash Advance and Purchase of Future Receivables.” The Birth of S.B 5470 On December 23rd of 2020, New York State Governor Andrew Cuomo signed Senate Bill 5470 or S.B. 5470 into law. https://www.nysenate.gov/legislation/bills/2019/s5470 What is S.B 5470? S.B. 5470 is a New York law requiring non-bank lenders to provide corporate borrowers specific disclosures in the loan paperwork and prior to formal consummation of the loan. […]
- [](https://grantphillipslaw.com/tackle-all-your-debt-with-a-debt-relief-attorney/): Tackle All Your Debt with A Debt Relief Attorney Only a Consumer National Debt Relief Attorney Can Help You With Total & Lasting Debt Elimination! This applies to most forms of debt, including but not limited to Merchant Cash Advance Loans, Payday Loans, Hard Money Loans, IRS Tax Debt, Medical Bills, Credit Card Debt and in certain instances even Student Loan Debt. INTRODUCTION: As an attorney licensed & practicing in Florida, New York and New Jersey, with a focus on Total Consumer Debt Relief, I am receiving more and more clients, who were once signed into an alleged debt settlement […]

## Pages

- [Breaking News](https://grantphillipslaw.com/breaking-news/): ATTORNEY GENERAL OF NY SUES MCA FUNDERS For more details, kindly follow the link – https://acrobat.adobe.com/id/urn:aaid:sc:US:fe13c329-cfd7-4358-a22e-ed3baf06924e
- [Merchant Cash Advance And My Credit Score](https://grantphillipslaw.com/merchant-cash-advance-and-my-credit-score/): Merchant Cash Advance And My Credit Score You have decided to originate several Merchant Cash Advances. Your only remaining question is how the MCA’s will impact your credit report and your cash advance credit score. This article will attempt to provide a thorough answer to the above questions and explain the ramifications of a Merchant Cash Advance and the Personal Guarantors credit score. When your credit report is first pulled: At the time of originating a Merchant Cash Advance, a MCA Funder will conduct what it calls underwriting and or due diligence. This is the time for an MCA Funder […]
- [MERCHANT CASH ADVANCE](https://grantphillipslaw.com/merchant-cash-advance/): MERCHANT CASH ADVANCE ARE INFLATED PAYMENTS PUTTING YOU OUT OF BUSINESS?  LEARN ABOUT YOUR BUSINESS DEBT RELIEF OPTIONS WITH AN ATTORNEY IN LONG BEACH, NY Your cash advance loan gave you the funds you needed, but now that high interest rate is bleeding you dry. If you can’t meet your daily payments, Grant Phillips Law PLLC can provide business debt relief. Our office has settled millions of dollars in debt with the lenders most often involved. Work with us to renegotiate your loan. Instead of sticking it out with your high-interest merchant cash advance, contact Grant Phillips Law, PLLC for […]
- [MERCHANT CASH ADVANCE ATTORNEY - VERMONT](https://grantphillipslaw.com/merchant-cash-advance-attorney-vermont/): MERCHANT CASH ADVANCE ATTORNEY – VERMONT Do the majority of your VERMONT Business Revenues go towards daily or weekly ACH payments for your VERMONT Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your VERMONT MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - WYOMING](https://grantphillipslaw.com/merchant-cash-advance-attorney-wyoming/): MERCHANT CASH ADVANCE ATTORNEY – WYOMING Do the majority of your WYOMING Business Revenues go towards daily or weekly ACH payments for your WYOMING Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your WYOMING MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - WEST VIRGINIA](https://grantphillipslaw.com/merchant-cash-advance-attorney-west-virginia/): MERCHANT CASH ADVANCE ATTORNEY – WEST VIRGINIA Do the majority of your WEST VIRGINIA Business Revenues go towards daily or weekly ACH payments for your WEST VIRGINIA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your WEST VIRGINIA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder […]
- [MERCHANT CASH ADVANCE ATTORNEY - RHODEISLAND](https://grantphillipslaw.com/merchant-cash-advance-attorney-rhodeisland/): MERCHANT CASH ADVANCE ATTORNEY – RHODE ISLAND Do the majority of your RHODE ISLAND Business Revenues go towards daily or weekly ACH payments for your RHODE ISLAND Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your RHODE ISLAND MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder […]
- [MERCHANT CASH ADVANCE ATTORNEY - SOUTH DAKOTA](https://grantphillipslaw.com/merchant-cash-advance-attorney-south-dakota/): MERCHANT CASH ADVANCE ATTORNEY – SOUTH DAKOTA Do the majority of your SOUTH DAKOTA Business Revenues go towards daily or weekly ACH payments for your SOUTH DAKOTA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your SOUTH DAKOTA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder […]
- [MERCHANT CASH ADVANCE ATTORNEY - SOUTH CAROLINA](https://grantphillipslaw.com/merchant-cash-advance-attorney-south-carolina/): MERCHANT CASH ADVANCE ATTORNEY – SOUTH CAROLINA Do the majority of your SOUTH CAROLINA Business Revenues go towards daily or weekly ACH payments for your SOUTH CAROLINA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your SOUTH CAROLINA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder […]
- [MERCHANT CASH ADVANCE ATTORNEY - TENNESSEE](https://grantphillipslaw.com/merchant-cash-advance-attorney-tennessee/): MERCHANT CASH ADVANCE ATTORNEY – TENNESSEE Do the majority of your TENNESSEE Business Revenues go towards daily or weekly ACH payments for your TENNESSEE Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your TENNESSEE MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - NEW MEXICO](https://grantphillipslaw.com/merchant-cash-advance-attorney-new-mexico/): MERCHANT CASH ADVANCE ATTORNEY – NEW MEXICO Do the majority of your NEW MEXICO Business Revenues go towards daily or weekly ACH payments for your NEW MEXICO Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your NEW MEXICO MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder […]
- [MERCHANT CASH ADVANCE ATTORNEY - NORTH CAROLINA](https://grantphillipslaw.com/merchant-cash-advance-attorney-north-carolina/): MERCHANT CASH ADVANCE ATTORNEY –  NORTH CAROLINA Do the majority of your NORTH CAROLINA Business Revenues go towards daily or weekly ACH payments for your ARKANSAS Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your NORTH CAROLINA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact […]
- [MERCHANT CASH ADVANCE ATTORNEY - NORTH DAKOTA](https://grantphillipslaw.com/merchant-cash-advance-attorney-north-dakota/): MERCHANT CASH ADVANCE ATTORNEY – NORTH DAKOTA Do the majority of your NORTH DAKOTA Business Revenues go towards daily or weekly ACH payments for your NORTH DAKOTA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your NORTH DAKOTA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder […]
- [MERCHANT CASH ADVANCE ATTORNEY - OREGON](https://grantphillipslaw.com/merchant-cash-advance-attorney-oregon/): MERCHANT CASH ADVANCE ATTORNEY – OREGON Do the majority of your OREGON Business Revenues go towards daily or weekly ACH payments for your OREGON Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your OREGON MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - OKLAHOMA](https://grantphillipslaw.com/merchant-cash-advance-attorney-oklahoma/): MERCHANT CASH ADVANCE ATTORNEY – OKLAHOMA Do the majority of your OKLAHOMA Business Revenues go towards daily or weekly ACH payments for your OKLAHOMA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your OKLAHOMA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - NEBRASKA](https://grantphillipslaw.com/merchant-cash-advance-attorney-nebraska/): MERCHANT CASH ADVANCE ATTORNEY – NEBRASKA Do the majority of your Business Revenues go towards daily or weekly ACH payments for your NEBRASKA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and damage your […]
- [MERCHANT CASH ADVANCE ATTORNEY - NEW HAMPSHIRE](https://grantphillipslaw.com/merchant-cash-advance-attorney-new-hampshire/): MERCHANT CASH ADVANCE ATTORNEY –  NEW HAMPSHIRE Do the majority of your Business Revenues go towards daily or weekly ACH payments for your NEW HAMPSHIRE Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - NEVADA](https://grantphillipslaw.com/merchant-cash-advance-attorney-nevada/): MERCHANT CASH ADVANCE ATTORNEY – NEVADA Do the majority of your ARKANSAS Business Revenues go towards daily or weekly ACH payments for your ARKANSAS Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your ARKANSAS MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - NEW JERSEY](https://grantphillipslaw.com/merchant-cash-advance-attorney-new-jersey/): MERCHANT CASH ADVANCE ATTORNEY – NEW JERSEY Do the majority of your NEW JERSEY Business Revenues go towards daily or weekly ACH payments for your NEW JERSEY Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your NEW JERSEY MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder […]
- [MERCHANT CASH ADVANCE ATTORNEY - MONTANA](https://grantphillipslaw.com/merchant-cash-advance-attorney-montana/): MERCHANT CASH ADVANCE ATTORNEY – MONTANA Do the majority of your Business Revenues go towards daily or weekly ACH payments for your Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and damage your business […]
- [MERCHANT CASH ADVANCE ATTORNEY - MISSOURI](https://grantphillipslaw.com/merchant-cash-advance-attorney-missouri/): MERCHANT CASH ADVANCE ATTORNEY – MISSOURI Do the majority of your Business Revenues go towards daily or weekly ACH payments for your Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and damage your business […]
- [MERCHANT CASH ADVANCE ATTORNEY - MISSISSIPPI](https://grantphillipslaw.com/merchant-cash-advance-attorney-mississippi/): MERCHANT CASH ADVANCE ATTORNEY – MISSISSIPPI Do the majority of your Mississippi Business Revenues go towards daily or weekly ACH payments for your Mississippi Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your Mississippi MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - MICHIGAN](https://grantphillipslaw.com/merchant-cash-advance-attorney-michigan/): MERCHANT CASH ADVANCE ATTORNEY – MICHIGAN Do the majority of your Michigan Business Revenues go towards daily or weekly ACH payments for your Michigan Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your Michigan MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? sh Advance Funder contact your clients and damage your Did […]
- [MERCHANT CASH ADVANCE ATTORNEY - MASSACHUSETTS](https://grantphillipslaw.com/merchant-cash-advance-attorney-massachusetts/): MERCHANT CASH ADVANCE ATTORNEY – MASSACHUSETTS Do the majority of your Massachusetts Business Revenues go towards daily or weekly ACH payments for your Massachusetts Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your Massachusetts MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - MAINE](https://grantphillipslaw.com/merchant-cash-advance-attorney-maine/): MERCHANT CASH ADVANCE ATTORNEY – MAINE Do the majority of your MAINE Business Revenues go towards daily or weekly ACH payments for your MAINE Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your MAINE MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - KANSAS](https://grantphillipslaw.com/merchant-cash-advance-attorney-kansas/): MERCHANT CASH ADVANCE ATTORNEY – KANSAS Do the majority of your KANSAS Business Revenues go towards daily or weekly ACH payments for your KANSAS Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your KANSAS MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - IOWA](https://grantphillipslaw.com/merchant-cash-advance-attorney-iowa/): MERCHANT CASH ADVANCE ATTORNEY – IOWA Do the majority of your IOWA Business Revenues go towards daily or weekly ACH payments for your IOWA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your IOWA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - INDIANA](https://grantphillipslaw.com/merchant-cash-advance-attorney-indiana/): MERCHANT CASH ADVANCE ATTORNEY – INDIANA Do the majority of your INDIANA Business Revenues go towards daily or weekly ACH payments for your INDIANA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your INDIANA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - IDAHO](https://grantphillipslaw.com/merchant-cash-advance-attorney-idaho/): MERCHANT CASH ADVANCE ATTORNEY – IDAHO Do the majority of your IDAHO Business Revenues go towards daily or weekly ACH payments for your IDAHO Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your IDAHO MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [Who Created a Merchant Cash Advance – a short history](https://grantphillipslaw.com/who-created-a-merchant-cash-advance-a-short-history/): Merchant Cash Advance: A History Merchant cash advances are not inherently bad, but as the industry has boomed over the last decade since the Great Recession, it has become the playground of nefarious funders. Grant Phillips gives a detailed history of the growth of the MCA market and why (and how) regulations must put it in check. BY GRANT PHILLIPS, ESQ., GRANT PHILLIPS LAW After the Great Recession, as a direct result of the housing debacle, banks reacted with a plethora of new internal regulations, making it almost impossible for the average small business to qualify for a business loan. […]
- [MCA Frequently Asked Questions – a Complete Legal Guide](https://grantphillipslaw.com/mca-frequently-asked-questions-a-complete-legal-guide/): MCA – Frequently Asked Questions WHAT IS A MERCHANT CASH ADVANCE? A Merchant Cash Advance is a type of financial instrument used by a funder to provide a business with a lump sum of money in exchange for the right to receive a percentage of the businesses future generated credit card and account receivables.  IS A MERCHANT CASH ADVANCE LEGAL? Provided the Merchant Cash Advance is treated by the funder like a true Purchase and Sale Agreement, rather than a loan, it is legal.  A competent and dedicated Merchant Cash Advance Attorney can assist in determining if you have been […]
- [Law Firm Mascot & Dog – Goldstar.](https://grantphillipslaw.com/law-firm-mascot-dog-goldstar/): Law Firm Mascot & Dog – Goldstar. Goldstar is the beloved mascot of the law firm, an 11-year-old Collie with the energy of a pup. He loves going on walks and getting treats, but his favorite thing is to cuddle and get petted behind the ears. He was born in Israel, and both of his parents, Zeus and Lassi, are European award-winning show dogs. Goldstar is a friendly and gentle dog who loves to make people smile. He is a valuable member of the law firm family, and always there to greet everyone with a wagging tail.
- [Office Manager – Zac Marcotti](https://grantphillipslaw.com/office-manager-zac-marcotti/): Office Manager – Zac Marcotti Zac has spent the past 7 years with Grant Phillips Law as Office Manager. His responsibility includes HR, payroll and most importantly ensuring the law firm runs smoothly and that the team is content. Zac is a key player in the day-to-day operation of the law firm, thereby, allowing Grant and his team to be fully focused and support the clients. Zac graduated from Hofstra University with a degree in accounting. He lives in Long Island with his son Jake and their dog Bear. On the weekend, when Zac is not working, you can find […]
- [The Law Firm of Grant Phillips Law, PLLC.](https://grantphillipslaw.com/the-law-firm-of-grant-phillips-law-pllc/): About Merchant Cash Advance Defense Law Firm:  Grant Phillips Law, PLLC. Located on Long Island in New York City, the merchant cash advance debt relief law firm of Grant Phillips law, PLLC is a highly specialized law firm, dedicated entirely to the defense of merchants and businesses dealing with Merchant Cash Advance debt. The law firm of Grant Phillips Law do not practice in any other area of the law and is 100% devoted to the defense of businesses and guarantors facing hardship with their Merchant Cash Advance debt and to protecting merchants and businesses from litigious funders, their collection […]
- [What is a breach of contract in New York?](https://grantphillipslaw.com/what-is-a-breach-of-contract-in-new-york/): Breach of Merchant Cash Advance Contract in New York State The vast majority of Merchant Cash Advance Lawsuits filed by an MCA lender or their attorneys, claim “Breach of Contract.” Accordingly, it is important for any merchant currently holding merchant cash advances or considering originating an MCA, to understand a little more about contract law, breach of contract and specifically as they relate to New York Law. In order to understand what a breach of contract is, we will first establish what forms a binding contract or agreement in New York. What exactly is a Contract under New York State […]
- [Why use a MCA Debt Settlement Attorney over a Debt Settlement Company](https://grantphillipslaw.com/why-use-a-mca-debt-settlement-attorney-over-a-debt-settlement-company/): Beware of Debt Settlement a Highly Questionable Practice. a 101 to the Pros, Cons & Alternatives. Debt Settlement – a highly questionable practice! So you may have heard or read about Debt Settlement. Perhaps not. So what is this mysterious term and what does it mean? Ok, it’s not that complicated and some would argue its self explanatory. Settle your debt. Right? Not so fast my friends. Debt Settlement professes to settle debt and potentially can, but the players, the companies and the tactics by which it is often attempted are QUESTIONABLE to say the least. As an attorney licensed […]
- [MCA State Specific Information](https://grantphillipslaw.com/mca-state-specific-information/): MCA State Specific Information Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
- [New York Finally Passes New Commercial Lending Law](https://grantphillipslaw.com/new-york-finally-passes-new-commercial-lending-law/): NEW YORK ENACTS APR DISCLOSURE LAWSNEW YORK PASSES MERCHANT CASH ADVANCE REGULATION COMMENCING – JANUARY 1st  2022 “New York State Adopts Truth In Lending (TILA) – Like Disclosure Law for Business Loans, including Merchant Cash Advance and Purchase of Future Receivables.” The Birth of S.B 5470 On December 23rd of 2020, New York State Governor Andrew Cuomo signed Senate Bill 5470 or S.B. 5470 into law. https://www.nysenate.gov/legislation/bills/2019/s5470 What is S.B 5470? S.B. 5470 is a New York law requiring non-bank lenders to provide corporate borrowers specific disclosures in the loan paperwork and prior to formal consummation of the loan. The law was […]
- [List of MCA Funders our law firm has engaged with](https://grantphillipslaw.com/list-of-mca-funders-our-law-firm-has-engaged-with/): The following is a list of some of the Merchant Cash Advance Funders that Grant Phillips Law have EITHER negotiated a settlement with, or sued successfully. ** Please note: This list is non-exhaustive, but rather a sampling of those MCA Funders we have engaged with on behalf of Merchant Borrowers: 1st Global Systems CloudFund GTR Source Merchant Cash Group Richmond Capital 24 Hour Capital Coastal Capital HFH Capital Merchant Finance Same Day Financing 24/7 Capital Credibility Hi Bar Capital MFS Global Second Chance Funding 60 Day Capital Credibly HOP Capital Monberg Silver Cup Funding A&J Equity Delancey Street Hunter Caroline […]
- [Accounting Department – Rachel Mira.](https://grantphillipslaw.com/accounting-rachel/): Accounting Department – Rachel Mira. Rachel has been with Grant Phillips Law since its founding. Rachel began her career as the law firm’s office manager. After receiving her CPA’s she transitioned to handling all of the law firm’s finances, including client invoicing and accounts payable and receivable. Rachel is a keen advocate of fair lending practices and understands the stresses surrounding a Merchant Cash Advance. Therefore, Rachel strives to accommodate each client according to their specific fiscal standing. A true native New Yorker, who knows her way around the city, Rachel lives in Brooklyn with her Husband, Mike. She enjoys […]
- [I.T Manager – David Hoffman](https://grantphillipslaw.com/i-t-manager-david-hoffman/): I.T Manager – David Hoffman. David joined the law firm of Grant Phillips Law in 2019, and brings a wealth of technology experience, having previously worked in the IT departments for two major banks in New York City.  From a simple printing jam to automating the entire Merchant Cash Advance law firm process, David is the man for the occasion. A true tech wizard, he is the inspiration behind the firm’s technology and also created proprietary software used by the law firm to manage a Merchant Cash Advance case from start to settlement.  David and his family reside in Queens […]
- [Senior MCA Paralegal – Liat Saven.](https://grantphillipslaw.com/mca-senior-paralegal-liat/): Senior MCA Paralegal – Liat Saven. Meet Liat, an exceptionally talented Paralegal with half a decade of Merchant Cash Advance knowledge and experience. Liat is a highly accomplished Paralegal and a key employee of Grant Phillips Law. She has an obsessive like focus for detail and is simply wonderful to deal with, whether you are a new or existing client. Liat assists the Managing Partner, Grant Phillips, with the filing of lawsuits, Motions and Order to Show Causes. She graduated valedictorian from Paralegal school in Nassau Community College. Liat is the law firm’s organizational manager and keeps a check daily […]
- [Senior MCA Paralegal – Hanna Bain.](https://grantphillipslaw.com/mca-head-paralegal-hanna/): Senior MCA Paralegal – Hanna Bain. Meet Hanna, a superstar paralegal with more than 8 years of Merchant Cash Advance Debt Relief and litigation experience. Hanna is a voice of reason, calm and care and is loved by all our clients. She is passionate about helping merchants facing MCA debt in any manner she is able and is always available to communicate with clients. Hanna is naturally patient and caring with a wonderful demeanor and a work ethic second to none. She is further blessed with an ability to communicate with anyone and everyone and can read a Merchant Cash […]
- [Breach of MCA Contract](https://grantphillipslaw.com/breach-of-mca-contract/): Breach of Merchant Cash Advance Contract in New York State The vast majority of Merchant Cash Advance Lawsuits filed by an MCA lender or their attorneys, claim “Breach of Contract.” Accordingly, it is important for any merchant currently holding merchant cash advances or considering originating an MCA, to understand a little more about contract law, breach of contract and specifically as they relate to New York Law. In order to understand what a breach of contract is, we will first establish what forms a binding contract or agreement in New York. What exactly is a Contract under New York State Law? In […]
- [What Happens If I Default On My Merchant Cash Advance ?](https://grantphillipslaw.com/what-happens-if-i-default-on-my-merchant-cash-advance/): Defaulting On A Merchant Cash Advance WHAT HAPPENS IF I DEFAULT ON MY MERCHANT CASH ADVANCE ? When a merchant defaults on their Merchant Cash Advance or breaches the MCA Agreement, there are three (3) possible repercussions. The three (3) primary legal remedies available to a Merchant Cash Advance Funder and their collection attorneys are:   THE FILING OF A UCC LIEN The MCA Funder may file a UCC Lien together with an Information Subpoena and Restraining Notice. These are special legal documents used by MCA funders and MCA collection attorneys to freeze and place a hold on funds that […]
- [MERCHANT CASH ADVANCE ATTORNEY - HAWAII](https://grantphillipslaw.com/merchant-cash-advance-attorney-hawaii/): MERCHANT CASH ADVANCE ATTORNEY – HAWAII Do the majority of your HAWAII Business Revenues go towards daily or weekly ACH payments for your HAWAII Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your HAWAII MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY - UTAH](https://grantphillipslaw.com/merchant-cash-advance-attorney-utah/): MERCHANT CASH ADVANCE ATTORNEY UTAH MERCHANT CASH ADVANCE ATTORNEY UTAH WHAT LAWS GOVERN A MERCHANT CASH ADVANCE IN UTAH? Utah like Virginia, enacted regulation governing Merchant Cash Advances and MCA Funders and Brokers alike. Like VA, UTAH now requires that MCA Funders and Brokers register as Merchant Cash Advance Providers. They must register with the UTAH Department of Financial Institutions. UTAH’s new MCA regulation went into effect January 1st, 2023 and is known as the Commercial Financing Registration and Disclosure Act or (CFRDA). Beyond the registration component of the law, there also exist certain disclosure requirements like VA, CA and […]
- [Avvo Reviews](https://grantphillipslaw.com/avvo-reviews/): Client Reviews of the Merchant Cash Advance Defense Law Firm and Merchant Cash Advance Lawyers at Grant Phillips Law Jack S. July 14, 2019  5/5 I highly recommend Grant Phillips, Esq. I Filed a Chapter 7 Bankruptcy and Grant Could not have been more knowledgeable. He is also a wonderful person and he truly cares. Added bonus is he gives his cell phone to clients and answers the phone himself. It is a privilege to leave this review. Thank you Grant! Abe July 3, 2019  5/5 Mr Phillips was instrumental in helping me get debt collectors to stop […]
- [Google Reviews](https://grantphillipslaw.com/google-reviews/): Google Reviews For Merchant Cash Advance (MCA) Defense Attorneys and Law firm Grant Phillips Law We Offer Free Consultations – Stop the Harassing Phone Calls Now 10.0Grant Phillips Grant PhillipsClients’ ChoiceAward 2019 Grant PhillipsReviewsout of 44 reviews 10.0Grant Phillips Grant PhillipsClients’ ChoiceAward 2019 Grant PhillipsReviewsout of 44 reviews
- [NEW YORK ENACTS MCA DISCLOSURE LAWS](https://grantphillipslaw.com/new-york-enacts-mca-disclosure-laws/): New York MERCHANT CASH ADVANCE ATTORNEY   New York MERCHANT CASH ADVANCE ATTORNEY Do the majority of your business revenues go towards daily ACH payments? Did you personally guarantee your MCA loan? Did the funder make you sign a COJ / Confession of Judgment or Agreed Judgment? Is there a UCC filed against your business? Are you paying a fixed amount on your MCA loan despite a change in your business cash flow? Are funders, their attorneys or collection agencies calling, texting and harassing you? Does your Credit Card Terminal have a lock box? Do you need to change your […]
- [MERCHANT CASH ADVANCE ATTORNEY GEORGIA](https://grantphillipslaw.com/merchant-cash-advance-attorney-georgia/): MERCHANT CASH ADVANCE ATTORNEY – Georgia   MERCHANT CASH ADVANCE ATTORNEY -Georgia Do the majority of your GEORGIA Business Revenues go towards daily or weekly ACH payments for your GEORGIA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your GEORGIA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash […]
- [MERCHANT CASH ADVANCE ATTORNEY DELAWARE](https://grantphillipslaw.com/merchant-cash-advance-attorney-delaware/): MERCHANT CASH ADVANCE ATTORNEY – DELAWARE   Merchant Cash Advance Attorney Delaware Do the majority of your DELAWARE Business Revenues go towards daily or weekly ACH payments for your DELAWARE Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your DELAWARE MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash […]
- [MERCHANT CASH ADVANCE ATTORNEY  CONNECTICUT](https://grantphillipslaw.com/merchant-cash-advance-attorney-connecticut/): MERCHANT CASH ADVANCE ATTORNEY – CONNECTICUT Do the majority of your CONNECTICUT Business Revenues go towards daily or weekly ACH payments for your CONNECTICUT Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your CONNECTICUT MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY  ARKANSAS](https://grantphillipslaw.com/merchant-cash-advance-attorney-arkansas/): MERCHANT CASH ADVANCE ATTORNEY – ARKANSAS Do the majority of your ARKANSAS Business Revenues go towards daily or weekly ACH payments for your ARKANSAS Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your ARKANSAS MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY ARIZONA](https://grantphillipslaw.com/merchant-cash-advance-attorney-arizona/): MERCHANT CASH ADVANCE ATTORNEY – ARIZONA Do the majority of your ARIZONA Business Revenues go towards daily or weekly ACH payments for your ARIZONA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your ARIZONA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY ALASKA](https://grantphillipslaw.com/merchant-cash-advance-attorney-alaska/): MERCHANT CASH ADVANCE ATTORNEY – ALASKA Do the majority of your ALASKA Business Revenues go towards daily or weekly ACH payments for your ALASKA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your ALASKA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY OHIO](https://grantphillipslaw.com/merchant-cash-advance-attorney-ohio/): MERCHANT CASH ADVANCE ATTORNEY OHIO   Merchant Cash Advance Attorney OHIO Do the majority of your business revenues go towards daily or weekly ACH payments for your MCA? Did you sign a Personal Guarantee in order to obtain your Ohio MCA loan? Did the funder make you sign a COJ / Confession of Judgment? Is there a UCC Restraining Notice or Lien filed against your Merchant business, its bank accounts, receivables, vendors or client accounts? Has your Ohio Merchant Cash Advance funder contacted your clients directly in order to instruct them to send money owed to you, to them instead, […]
- [MERCHANT CASH ADVANCE ATTORNEY ILLINOIS](https://grantphillipslaw.com/merchant-cash-advance-attorney-illinois/): MERCHANT CASH ADVANCE ATTORNEY ILLINOIS Merchant Cash Advance Attorney ILLINOIS Do the majority of your business revenues go towards daily or weekly ACH payments for your MCA? Did you sign a Personal Guarantee in order to obtain your Illinois MCA loan? Did the funder make you sign a COJ / Confession of Judgment? Is there a UCC Restraining Notice or Lien filed against your Merchant business, its bank accounts, receivables, vendors or client accounts? Has your Illinois Merchant Cash Advance funder contacted your clients directly in order to instruct them to send money owed to you, to them instead, claiming […]
- [MERCHANT CASH ADVANCE ATTORNEY PENNSYLVANIA](https://grantphillipslaw.com/merchant-cash-advance-attorney-pennsylvania/): MERCHANT CASH ADVANCE ATTORNEY – PENNSYLVANIA   Merchant Cash Advance Attorney PENNSYLVANIA Do the majority of your business revenues go towards daily or weekly ACH payments for your MCA? Did you sign a Personal Guarantee in order to obtain your Pennsylvania MCA loan? Did the funder make you sign a COJ / Confession of Judgment? Is there a UCC Restraining Notice or Lien filed against your Merchant business, its bank accounts, receivables, vendors or client accounts? Has your Pennsylvania Merchant Cash Advance funder contacted your clients directly in order to instruct them to send money owed to you, to them […]
- [MERCHANT CASH ADVANCE ATTORNEY FLORIDA](https://grantphillipslaw.com/merchant-cash-advance-attorney-florida/): MERCHANT CASH ADVANCE ATTORNEY – FLORIDA   MERCHANT CASH ADVANCE ATTORNEY -FLORIDA Do the majority of your FLORIDA Business Revenues go towards daily or weekly ACH payments for your FLORIDA Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your FLORIDA MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash […]
- [MERCHANT CASH ADVANCE ATTORNEY TEXAS](https://grantphillipslaw.com/merchant-cash-advance-attorney-texas/): MERCHANT CASH ADVANCE ATTORNEY-TEXAS   Merchant Cash Advance Texas Do the majority of your business revenues go towards daily ACH payments? Did you personally guarantee your MCA loan? Did the funder make you sign a COJ / Confession of Judgment or Agreed Judgment? Is there a UCC filed against your business? Are you paying a fixed amount on your MCA loan despite a change in your business cash flow? Are funders, their attorneys or collection agencies calling, texting and harassing you? Does your Credit Card Terminal have a lock box? Do you need to change your MCA repayment schedule to […]
- [MERCHANT CASH ADVANCE ATTORNEY WISCONSIN](https://grantphillipslaw.com/merchant-cash-advance-attorney-wisconsin/): MERCHANT CASH ADVANCE ATTORNEY WISCONSIN Merchant Cash Advance Attorney Wisconsin Do the majority of your business revenues go towards daily ACH payments? Did you personally guarantee your MCA loan? Did the funder make you sign a COJ / Confession of Judgment or Agreed Judgment? Is there a UCC filed against your business? Are you paying a fixed amount on your MCA loan despite a change in your business cash flow? Are funders, their attorneys or collection agencies calling, texting and harassing you? Does your Credit Card Terminal have a lock box? Do you need to change your MCA repayment schedule […]
- [MERCHANT CASH ADVANCE ATTORNEY WASHINGTON](https://grantphillipslaw.com/merchant-cash-advance-attorney-washington/): MERCHANT CASH ADVANCE ATTORNEY WASHINGTON Merchant Cash Advance Attorney Washington Do the majority of your business revenues go towards daily ACH payments? Did you personally guarantee your MCA loan? Did the funder make you sign a COJ / Confession of Judgment or Agreed Judgment? Is there a UCC filed against your business? Are you paying a fixed amount on your MCA loan despite a change in your business cash flow? Are funders, their attorneys or collection agencies calling, texting and harassing you? Does your Credit Card Terminal have a lock box? Do you need to change your MCA repayment schedule […]
- [MERCHANT CASH ADVANCE ATTORNEY VIRGINIA](https://grantphillipslaw.com/merchant-cash-advance-attorney-virginia/): MERCHANT CASH ADVANCE ATTORNEY VIRGINIA MERCHANT CASH ADVANCE ATTORNEY VIRGINIA WHAT LAWS GOVERN A MERCHANT CASH ADVANCE IN VIRGINIA? Legislation aimed at addressing Merchant Cash Advances (MCA’s) provided to Virginia businesses, must comply with VA House Bill 1027 which went into effect on July 1, 2022, the law requires MCA Funders and Brokers of Merchant Cash Advance financing to: (1) Register with the Virginia State Corporation Commission and (2) provide certain pre-funding disclosures to those receiving a Merchant Cash Advance, and (3) Repeals and disqualifies the use of a Confession of Judgments. There is also a requirement to bring any […]
- [MERCHANT CASH ADVANCE ATTORNEY MINNESOTA](https://grantphillipslaw.com/merchant-cash-advance-attorney-minnesota/): MERCHANT CASH ADVANCE ATTORNEY MINNESOTA Merchant Cash Advance Attorney Minnesota Do the majority of your business revenues go towards daily ACH payments? Did you personally guarantee your MCA loan? Did the funder make you sign a COJ / Confession of Judgment or Agreed Judgment? Is there a UCC filed against your business? Are you paying a fixed amount on your MCA loan despite a change in your business cash flow? Are funders, their attorneys or collection agencies calling, texting and harassing you? Does your Credit Card Terminal have a lock box? Do you need to change your MCA repayment schedule […]
- [MERCHANT CASH ADVANCE ATTORNEY MARYLAND](https://grantphillipslaw.com/merchant-cash-advance-attorney-maryland/): MERCHANT CASH ADVANCE ATTORNEY MARYLAND Merchant Cash Advance Attorney Maryland Do the majority of your business revenues go towards daily ACH payments? Did you personally guarantee your MCA loan? Did the funder make you sign a COJ / Confession of Judgment or Agreed Judgment? Is there a UCC filed against your business? Are you paying a fixed amount on your MCA loan despite a change in your business cash flow? Are funders, their attorneys or collection agencies calling, texting and harassing you? Does your Credit Card Terminal have a lock box? Do you need to change your MCA repayment schedule […]
- [MERCHANT CASH ADVANCE ATTORNEY LOUISIANA](https://grantphillipslaw.com/merchant-cash-advance-attorney-louisiana/): MERCHANT CASH ADVANCE ATTORNEY LOUISIANA   Merchant Cash Advance Attorney Louisiana Do the majority of your business revenues go towards daily ACH payments? Did you personally guarantee your MCA loan? Did the funder make you sign a COJ / Confession of Judgment or Agreed Judgment? Is there a UCC filed against your business? Are you paying a fixed amount on your MCA loan despite a change in your business cash flow? Are funders, their attorneys or collection agencies calling, texting and harassing you? Does your Credit Card Terminal have a lock box? Do you need to change your MCA repayment […]
- [MERCHANT CASH ADVANCE ATTORNEY KENTUCKY](https://grantphillipslaw.com/merchant-cash-advance-attorney-kentucky/): MERCHANT CASH ADVANCE ATTORNEY KENTUCKY Merchant Cash Advance Attorney Kentucky Do the majority of your business revenues go towards daily ACH payments? Did you personally guarantee your MCA loan? Did the funder make you sign a COJ / Confession of Judgment or Agreed Judgment? Is there a UCC filed against your business? Are you paying a fixed amount on your MCA loan despite a change in your business cash flow? Are funders, their attorneys or collection agencies calling, texting and harassing you? Does your Credit Card Terminal have a lock box? Do you need to change your MCA repayment schedule […]
- [MERCHANT CASH ADVANCE ATTORNEY COLORADO](https://grantphillipslaw.com/merchant-cash-advance-attorney-colorado/): MERCHANT CASH ADVANCE ATTORNEY COLORADO Do the majority of your COLORADO Business Revenues go towards daily or weekly ACH payments for your COLORADO Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your COLORADO MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and damage […]
- [MERCHANT CASH ADVANCE ATTORNEY ALABAMA](https://grantphillipslaw.com/merchant-cash-advance-attorney-alabama/): MERCHANT CASH ADVANCE ATTORNEY –  ALABAMA Do the majority of your Alabama Business Revenues go towards daily or weekly ACH payments for your Alabama Merchant Cash Advance? Did you sign a Personal Guarantee in order to obtain your Alabama MCA? Did your Merchant Cash Advance Funder make you sign a document titled “Confession of Judgment” or “Agreed Judgment?” Has your Merchant Cash Advance Lender filed a lawsuit against you and the business? Has a UCC Lien been filed against your business assets, your account receivables or your credit card processor? Did your Merchant Cash Advance Funder contact your clients and […]
- [MERCHANT CASH ADVANCE ATTORNEY CALIFORNIA](https://grantphillipslaw.com/merchant-cash-advance-attorney-california/): MERCHANT CASH ADVANCE ATTORNEY CALIFORNIA MERCHANT CASH ADVANCE ATTORNEY CALIFORNIA WHAT LAWS GOVERN A MERCHANT CASH ADVANCE IN CALIFORNIA? The State of California enacted a new law known as SB 1235 which like New York requires that certain commercial financiers and Merchant Cash Advance Funders provide certain disclosures to the Merchant and MCA recipient. In fact, California was the first state in the country to enact laws governing commercial loans and Merchant Cash Advances too. The California law is unique for it requires the disclosure of an Annual Percentage Rate (APR). This is in opposition to the use previously of […]
- [MERCHANT CASH ADVANCE ATTORNEY NEW YORK](https://grantphillipslaw.com/merchant-cash-advance-attorney-new-york/): MERCHANT CASH ADVANCE ATTORNEY NEW YORK   Merchant Cash Advance Attorney New York WHAT LAWS GOVERN A MERCHANT CASH ADVANCE IN NEW YORK?  New York State, by all accounts the haven State for Merchant Cash Advances, ironically is also one of the first States to enact laws that require certain consumer like disclosures even for several commercial loans. This is significant development since New York’s Commercial Finance Disclosure Law (CFDL) went into effect August 1st, 2023 and in the law the CFDL has extended disclosure requirements ordinarily required for consumer lending to commercial financing instruments such as a merchant cash […]
- [THE BIRTH OF MERCHANT CASH ADVANCE](https://grantphillipslaw.com/the-birth-of-merchant-cash-advance/): THE BIRTH OF MERCHANT CASH ADVANCE   Beginning early 2010, after the Great Recession, when the American housing market blew up and the world fell into a financial crisis, traditional banks like Chase or Citi were unwilling to extend new and small businesses any credit. While the global financial markets slowly recovered, both self-regulation and government regulation over conventional banks, meant that underwriting standards for new loans increased to such a level that most small businesses were no longer eligible to borrow from the regular banking system. The “new” underwriting standards of the traditional lenders left a massive void in […]
- [Merchant Cash Advance APR CALCULATOR](https://grantphillipslaw.com/mca-apr-calculator/): Merchant Cash Advance Calculator Merchant cash advance amount: Factor Rate: Holdback Percentage (%): Repayment Term (days): Daily Credit Card Sales ($): Enter Additional Fees ($): Daily Repayment Amount $ 115.00 Holdback Amount: $ 1.00 Total Repayment Amount: $ 11600.00 Effective APR: 47.20 % Merchant Cash Advance APR Calculator This calculator provides an approximate APR based on a simple formula. For more accurate calculations, consider payment frequency and other factors. Amount Borrowed ($): Amount to Pay Back ($): Estimated Term in Months: Calculate APR Note: The APR is approximated using the formula: Cost Rate = (Payback – Borrowed) / Borrowed APR […]
- [Schedule Your Free Consultation](https://grantphillipslaw.com/schedule-your-free-consultation/): At Grant Phillips Law we offer all our prospective clients a comprehensive, face to face free consultation. We will analyze your situation and provide you with all possible debt relief options. Our consultations do not have a time limit. Around here we don’t watch clocks. Your free consultation will last as long as necessary to understand your unique case facts and explain all your legal options. We will discuss the pros and cons of each solution and answer all your questions. Call, email or complete the contact us form on this website. We are here to help you and we […]
- [Founder & Managing Partner – Grant Phillips, Esq.](https://grantphillipslaw.com/founder-managing-partner-grant-phillips-esq/): About Merchant Cash Advance and MCA Defense Attorney Grant Phillips Esq. Grant Phillips is the founder and Managing Partner of Grant Phillips Law, PLLC. Grant founded the law firm over 20 years ago after spending 2 years practicing in New York as an attorney for Bank of America, before moving to Miami Florida to open a second office of Grant Phillips Law. Grant returned to live and permanently run the office in New York in 2013, eventually settling with his wife and children on Long Island, in New York City.  Attorney Grant Phillips, Esq. is admitted and licensed to practice law […]
- [About The Law Firm](https://grantphillipslaw.com/about-the-law-firm/): About Merchant Cash Advance Defense Law Firm Grant Phillips Law Grant Phillips Law, PLLC., is a full service Merchant Cash Advance Defense and Debt Settlement Law Firm. We help individuals legally get out of debt, as well as assist clients in Filing Bankruptcy. The Law Firm is equipped to handle debt of any kind. We also represent Small Business Owners across the United States in getting their business out from debt, such as Merchant Cash Advance Loans and other types of business loans, including government SBA loans. We have represented clients across the USA and have offices in New York, […]
- [MERCHANT CASH ADVANCE - FAQ](https://grantphillipslaw.com/merchant-cash-advance-faq/): FREQUENTLY ASKED QUESTIONS   WHAT KIND OF MERCHANTS AND BUSINESS OWNERS CAN YOUR LAW FIRM HELP? We represent small business owners from all over the country. Some for example are truckers, contractors, roofers, doctors, restaurants, gym owners, retailers, manufacturers and professionals. There is no “typical” client, since debt and high interest loans can effect any business and merchant owner. DOES GRANT PHILLIPS LAW SETTLE MERCHANT CASH ADVANCE LOANS AND BUSINESS DEBT WITH ALL FUNDERS? Yes, our law firm settles Merchant Cash Advance Loans with all Lenders including: Yellowstone, Everest (Ebf), Funding Circle, Can Capital, Kabbage, On Deck Financing, Lendini, Snap, […]
- [home](https://grantphillipslaw.com/): Grant Phillips Law is a full service Merchant Cash Advance Defense Law Firm, focused exclusively on defending merchants and their businesses against MCA Funders and Merchant Cash Advance Collection Attorneys. Our law firm will defend you and your business whether you are being sued, have had accounts or processors frozen or your MCA funder has filed UCC liens, we can help you and your reputation! CALL: 516.670.5165 Grant Phillips Law is a full service Merchant Cash Advance Defense Law Firm, focused exclusively on Defending Merchants and their Businesses against MCA Funders and Merchant Cash Advance Collection Attorneys. CALL: 516.670.5165 IS […]
- [Contact Us](https://grantphillipslaw.com/contact-us/): Contact us Grant PhillipsClients’ ChoiceAward 2019 10.0Grant Phillips Grant PhillipsReviewsout of 44 reviews GRANT PHILLIPS LAW PLLC Office Phone: 516.670.5165 Office Fax: 877.883.0994 All inquiries: info@grantphillipslaw.com 670 Long Beach Blvd. Long Beach, NY 11561 GET DIRECTIONS CALL USPhone: (516) 670-5165 HOURSMon: 24 HoursTue: 24 HoursWed: 24 HoursThu: 24 HoursFri: 7:00AM-5:00PMSat: ClosedSun: 12:00PM-5:00PM 10.0Grant Phillips Grant PhillipsClients’ ChoiceAward 2019 Grant PhillipsReviewsout of 44 reviews Please use the below form on this page or email us directly at info@grantphillipslaw.com. Contact Us
- [Blog](https://grantphillipslaw.com/blog/):                                                      Blog
- [Results](https://grantphillipslaw.com/results/): CASE RESULTS FROM 2019 CONTACT US 01. TOTAL SAVINGS OF 67% Priscilla H, owner of a Child Care Center in NY, with more than 100 children, had 2 MCA (Merchant Cash Advance) loans. The first for $57,000.00 the other $28,000.00. Company took the loans for working capital during the winter months when enrollment is typically down. We fully settled the first loan for $25,000.00 and the second for $12,000.00 – Total Savings a sum total savings of 67%. The settlements are payable over 36 months. 02. TOTAL SAVINGS OF $90,000 OR 49% Thomas S, a doctor in Chicago had four […]
- [Business Debt](https://grantphillipslaw.com/business-debt/): Business Debt Settlement Are you facing financial difficulties in your business? No worries at all! We at Grant Phillips Law can help you Adjust Business Debt and enjoy stunning results. Our Business Debt Defense attorneys are highly skilled and motivated to help restructure your daily or monthly Ach payments. Once you deal with Grant Phillips Law for Business Debt Settlement, the lawyer assigned to your case will discuss each detail with you, review your specific case situation, and offer multiple solutions including restructuring your MCA debt restructuring and defending merchants from creditor lawsuits. Call Grant Phillips Law for a free […]


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