The complaint alleges the lending company violated federal and state law by way of the onerous terms of a $600,000 merchant cash advance. Under the terms of that agreement signed in September 2024 ...

providers have historically been criticized for agreements that are unclear and hard to understand. No federal regulation. Unlike traditional loans, merchant cash advances, which are ...

A merchant cash advance is a specific type of convoluted financial agreement that lets the issuer bypass laws that limit interest rates on business loans. They are almost always targeted toward ...