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Why Do Merchant Cash Advance Companies Record Judgments In NY?

FFGN COLLECT NY

SEPTEMBER 23, 2022

Merchant cash advance agreements are drafted in a way that offers an advantage to the lender. Since the documents anticipate a default in payment by the buyer, why then do merchant cash advance companies record judgments in New York? New York is one of the most liberal states when it comes to judgment enforcement.

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What Business Owners Should Know Before They Guarantee a Line of Credit

FFGN COLLECT NY

AUGUST 16, 2020

In addition to non-payment of the interest or principal owed, there are other ways to trigger repayment of the loan, This may include defaulting on other loan agreements with the lender, winding down business operations, litigation, and more. . There are plenty of situations where a lender may accept less than the amount owed.

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