Merchant cash advances are often advertised as fast, flexible funding. But in reality, many are structured like loans, with high effective interest rates, daily or weekly remittance, and aggressive collection clauses. MCA lenders like OnDeck, Fora, and Rapid Finance frequently obscure these terms, leaving business owners unaware of the true cost of their “advance.”
If a “cash advance” is legally a loan, certain protections apply—protections MCA lenders often try to avoid. Challenging the characterization can reduce liability, halt collections, or even result in debt being discharged. Business owners who understand this distinction gain leverage in disputes or potential class actions.
The partners at Hartman Blake analyze MCA contracts, identify loans disguised as advances, and pursue legal remedies. They organize business owners to collectively challenge predatory practices while educating clients about their rights and options.
Recognizing that an MCA may actually be a loan empowers owners to make informed decisions, avoid costly mistakes, and pursue restructuring or class actions with confidence.
Don’t let MCA lenders hide behind misleading terminology. The team at Hartman Blake fights to protect small businesses and challenge deceptive lending practices.
